Hanover Insurance Group Inc (NYSE:THG) Shares Sold by Scout Investments Inc.

Scout Investments Inc. decreased its holdings in shares of Hanover Insurance Group Inc (NYSE:THG) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,705 shares of the insurance provider’s stock after selling 4,278 shares during the quarter. Scout Investments Inc. owned about 0.37% of Hanover Insurance Group worth $19,335,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Copper Rock Capital Partners LLC grew its holdings in shares of Hanover Insurance Group by 8.0% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 204,815 shares of the insurance provider’s stock valued at $26,278,000 after acquiring an additional 15,114 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Hanover Insurance Group by 4.4% during the 2nd quarter. Retirement Systems of Alabama now owns 111,340 shares of the insurance provider’s stock valued at $14,285,000 after acquiring an additional 4,722 shares in the last quarter. Hancock Whitney Corp grew its holdings in shares of Hanover Insurance Group by 109.1% during the 1st quarter. Hancock Whitney Corp now owns 168,282 shares of the insurance provider’s stock valued at $19,213,000 after acquiring an additional 87,819 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Hanover Insurance Group by 8.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 199,984 shares of the insurance provider’s stock valued at $22,832,000 after acquiring an additional 15,281 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its holdings in shares of Hanover Insurance Group by 150.5% during the 1st quarter. State of Tennessee Treasury Department now owns 49,931 shares of the insurance provider’s stock valued at $5,701,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

THG has been the topic of several research analyst reports. ValuEngine cut shares of USD Partners from a “hold” rating to a “sell” rating in a report on Friday, June 14th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $131.93.

NYSE:THG traded down $0.57 during trading hours on Thursday, reaching $129.43. The company’s stock had a trading volume of 147,181 shares, compared to its average volume of 245,628. The company has a market cap of $5.29 billion, a P/E ratio of 19.06 and a beta of 0.65. Hanover Insurance Group Inc has a one year low of $104.59 and a one year high of $131.48. The business has a 50-day moving average of $128.02. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.17. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Hanover Insurance Group had a net margin of 9.19% and a return on equity of 11.02%. Hanover Insurance Group’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. Sell-side analysts forecast that Hanover Insurance Group Inc will post 8.1 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, June 7th. Hanover Insurance Group’s dividend payout ratio is 35.35%.

Hanover Insurance Group declared that its board has authorized a share buyback program on Thursday, June 27th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the insurance provider to buy up to 3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other Hanover Insurance Group news, insider Bryan J. Salvatore sold 688 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $126.79, for a total transaction of $87,231.52. Following the completion of the transaction, the insider now owns 6,771 shares of the company’s stock, valued at approximately $858,495.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ann Kirkpatrick Tripp sold 3,515 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $121.78, for a total transaction of $428,056.70. Following the transaction, the insider now directly owns 18,285 shares of the company’s stock, valued at approximately $2,226,747.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,241 shares of company stock valued at $4,163,512. Company insiders own 1.65% of the company’s stock.

Hanover Insurance Group Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.

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

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