WINTON GROUP Ltd lessened its holdings in Hanover Insurance Group Inc (NYSE:THG) by 65.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,939 shares of the insurance provider’s stock after selling 36,345 shares during the period. WINTON GROUP Ltd’s holdings in Hanover Insurance Group were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Hanover Insurance Group by 60.5% in the 2nd quarter. Signaturefd LLC now owns 297 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 112 shares during the last quarter. Eudaimonia Partners LLC acquired a new position in Hanover Insurance Group during the first quarter valued at $62,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Hanover Insurance Group during the first quarter valued at $75,000. FinTrust Capital Advisors LLC purchased a new stake in Hanover Insurance Group in the first quarter valued at $90,000. Finally, Parallel Advisors LLC grew its position in Hanover Insurance Group by 23.5% during the 2nd quarter. Parallel Advisors LLC now owns 1,134 shares of the insurance provider’s stock worth $114,000 after purchasing an additional 216 shares during the period. 85.20% of the stock is owned by institutional investors.
A number of brokerages have recently commented on THG. Piper Sandler upped their target price on Hanover Insurance Group from $110.00 to $114.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. ValuEngine lowered Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 4th. Finally, Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Thursday, August 13th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Hanover Insurance Group currently has an average rating of “Buy” and an average price target of $128.50.
Shares of Hanover Insurance Group stock opened at $105.11 on Tuesday. The firm has a market cap of $3.97 billion, a PE ratio of 13.67 and a beta of 0.86. Hanover Insurance Group Inc has a twelve month low of $75.11 and a twelve month high of $144.71. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $100.76 and a 200 day moving average price of $105.30.
Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $1.63 EPS for the quarter, beating the consensus estimate of $1.50 by $0.13. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.13 billion. Hanover Insurance Group had a return on equity of 10.93% and a net margin of 6.39%. Hanover Insurance Group’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. On average, sell-side analysts expect that Hanover Insurance Group Inc will post 7.9 EPS for the current year.
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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