JPMorgan Chase & Co. Has $25.75 Million Holdings in The Hanover Insurance Group, Inc. (THG)

JPMorgan Chase & Co. raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,512 shares of the insurance provider’s stock after purchasing an additional 20,548 shares during the quarter. JPMorgan Chase & Co. owned 0.68% of The Hanover Insurance Group worth $25,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. OppenheimerFunds Inc. lifted its position in shares of The Hanover Insurance Group by 16.7% during the 1st quarter. OppenheimerFunds Inc. now owns 19,473 shares of the insurance provider’s stock valued at $1,754,000 after acquiring an additional 2,786 shares during the period. Janus Capital Management LLC lifted its position in shares of The Hanover Insurance Group by 10.3% during the 1st quarter. Janus Capital Management LLC now owns 8,600 shares of the insurance provider’s stock valued at $775,000 after acquiring an additional 800 shares during the period. Liberty Mutual Group Asset Management Inc. lifted its position in shares of The Hanover Insurance Group by 4.0% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 19,105 shares of the insurance provider’s stock valued at $1,720,000 after acquiring an additional 736 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of The Hanover Insurance Group by 11.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 182,978 shares of the insurance provider’s stock valued at $16,479,000 after acquiring an additional 18,269 shares during the period. Finally, Marshall Wace North America L.P. lifted its position in shares of The Hanover Insurance Group by 240.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 44,108 shares of the insurance provider’s stock valued at $3,925,000 after acquiring an additional 31,161 shares during the period. 84.16% of the stock is currently owned by institutional investors.

Shares of The Hanover Insurance Group, Inc. (THG) opened at 96.60 on Wednesday. The firm has a market capitalization of $4.09 billion, a P/E ratio of 20.90 and a beta of 1.14. The stock’s 50 day moving average is $96.95 and its 200-day moving average is $90.09. The Hanover Insurance Group, Inc. has a 52-week low of $74.06 and a 52-week high of $100.33.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. On average, equities analysts forecast that The Hanover Insurance Group, Inc. will post $6.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

In other news, insider Christine Bilotti-Peterson sold 2,570 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $98.58, for a total value of $253,350.60. Following the completion of the transaction, the insider now directly owns 1,760 shares in the company, valued at $173,500.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider J Kendall Huber sold 20,960 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the completion of the transaction, the insider now owns 34,079 shares of the company’s stock, valued at $3,316,909.07. The disclosure for this sale can be found here. Insiders sold 50,630 shares of company stock valued at $4,913,611 over the last quarter. Insiders own 1.08% of the company’s stock.

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A number of research firms have recently issued reports on THG. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $91.00 price target on shares of The Hanover Insurance Group in a research report on Thursday, September 7th. Finally, BidaskClub upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The Hanover Insurance Group has a consensus rating of “Buy” and an average target price of $97.33.

The Hanover Insurance Group Company Profile

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).

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

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