Grace & White Inc. NY continued to hold its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,825 shares of the insurance provider’s stock at the end of the second quarter. Grace & White Inc. NY’s holdings in The Hanover Insurance Group were worth $1,757,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in THG. Oregon Public Employees Retirement Fund increased its stake in shares of The Hanover Insurance Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,944 shares of the insurance provider’s stock worth $1,346,000 after buying an additional 200 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its stake in shares of The Hanover Insurance Group by 28.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 56,000 shares of the insurance provider’s stock worth $5,043,000 after buying an additional 12,362 shares during the last quarter. First Quadrant L P CA increased its stake in shares of The Hanover Insurance Group by 38.4% in the first quarter. First Quadrant L P CA now owns 258,164 shares of the insurance provider’s stock worth $23,250,000 after buying an additional 71,607 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 155.8% in the first quarter. Glen Harbor Capital Management LLC now owns 9,248 shares of the insurance provider’s stock worth $833,000 after buying an additional 5,632 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of The Hanover Insurance Group during the first quarter worth $321,000. 84.63% of the stock is owned by institutional investors and hedge funds.
The Hanover Insurance Group, Inc. (NYSE THG) traded up 0.42% during trading on Monday, reaching $99.59. The company’s stock had a trading volume of 184,973 shares. The Hanover Insurance Group, Inc. has a one year low of $74.06 and a one year high of $100.33. The company has a 50-day moving average of $92.09 and a 200 day moving average of $88.49. The firm has a market cap of $4.22 billion, a PE ratio of 21.55 and a beta of 1.14.
The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The Hanover Insurance Group’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS. Analysts expect that The Hanover Insurance Group, Inc. will post $6.16 EPS for the current fiscal year.
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THG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $81.00 price target on shares of The Hanover Insurance Group in a report on Friday, May 5th. BidaskClub upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $93.00.
In other news, insider J Kendall Huber sold 20,960 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $97.33, for a total value of $2,040,036.80. Following the sale, the insider now directly owns 34,079 shares of the company’s stock, valued at approximately $3,316,909.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John C. Roche sold 17,500 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the completion of the sale, the insider now directly owns 42,524 shares in the company, valued at $4,082,304. The disclosure for this sale can be found here. Insiders sold a total of 48,060 shares of company stock worth $4,660,261 over the last ninety days. Insiders own 1.08% of the company’s stock.
About The Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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