Swiss National Bank Sells 900 Shares of The Hanover Insurance Group, Inc. (NYSE:THG)

Swiss National Bank reduced its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 1.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 79,300 shares of the insurance provider’s stock after selling 900 shares during the period. Swiss National Bank’s holdings in The Hanover Insurance Group were worth $10,279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of The Hanover Insurance Group by 35.4% in the 2nd quarter. Principal Financial Group Inc. now owns 564,653 shares of the insurance provider’s stock worth $76,589,000 after buying an additional 147,570 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of The Hanover Insurance Group by 9.5% in the 2nd quarter. Franklin Resources Inc. now owns 1,604,835 shares of the insurance provider’s stock worth $217,680,000 after buying an additional 138,641 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of The Hanover Insurance Group by 11.4% in the 2nd quarter. First Trust Advisors LP now owns 638,398 shares of the insurance provider’s stock worth $86,592,000 after buying an additional 65,345 shares during the last quarter. State Street Corp boosted its stake in shares of The Hanover Insurance Group by 6.4% in the 2nd quarter. State Street Corp now owns 1,090,607 shares of the insurance provider’s stock worth $147,930,000 after buying an additional 65,148 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of The Hanover Insurance Group by 499.4% in the 2nd quarter. Millennium Management LLC now owns 72,165 shares of the insurance provider’s stock worth $9,788,000 after buying an additional 60,125 shares during the last quarter. 83.69% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $146.00.

In related news, EVP Jeffrey M. Farber bought 5,000 shares of the company’s stock in a transaction on Tuesday, November 30th. The shares were purchased at an average price of $123.60 per share, for a total transaction of $618,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.56% of the stock is currently owned by corporate insiders.

The Hanover Insurance Group stock opened at $139.08 on Friday. The Hanover Insurance Group, Inc. has a 12 month low of $111.09 and a 12 month high of $143.20. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $129.78 and its 200 day simple moving average is $133.15. The company has a market cap of $4.95 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 1.71 and a beta of 0.94.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, October 27th. The insurance provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. The Hanover Insurance Group had a return on equity of 9.86% and a net margin of 8.15%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The Hanover Insurance Group’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 7.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 30th. Investors of record on Thursday, December 16th were paid a $0.75 dividend. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Wednesday, December 15th. This represents a $3.00 annualized dividend and a yield of 2.16%. The Hanover Insurance Group’s dividend payout ratio is presently 26.32%.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.

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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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