Linden Thomas Advisory Services LLC Sells 496 Shares of The Hanover Insurance Group, Inc. $THG

Linden Thomas Advisory Services LLC decreased its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 3.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 12,897 shares of the insurance provider’s stock after selling 496 shares during the period. Linden Thomas Advisory Services LLC’s holdings in The Hanover Insurance Group were worth $2,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Focus Partners Advisor Solutions LLC bought a new stake in shares of The Hanover Insurance Group during the 2nd quarter valued at $257,000. First Citizens Bank & Trust Co. raised its position in shares of The Hanover Insurance Group by 252.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 5,140 shares of the insurance provider’s stock valued at $873,000 after acquiring an additional 3,681 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of The Hanover Insurance Group during the 2nd quarter valued at $3,670,000. New York State Teachers Retirement System raised its position in shares of The Hanover Insurance Group by 7.1% during the 2nd quarter. New York State Teachers Retirement System now owns 52,576 shares of the insurance provider’s stock valued at $8,931,000 after acquiring an additional 3,469 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of The Hanover Insurance Group by 114.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,287 shares of the insurance provider’s stock valued at $1,408,000 after acquiring an additional 4,417 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $174.81 on Friday. The Hanover Insurance Group, Inc. has a 12-month low of $145.17 and a 12-month high of $186.46. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 11.51 and a beta of 0.44. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average of $176.57 and a 200-day moving average of $170.30.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $1.28. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 EPS. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.60 dividend on an annualized basis and a yield of 2.1%. The Hanover Insurance Group’s dividend payout ratio is presently 23.70%.

Analyst Ratings Changes

Several analysts have commented on THG shares. Keefe, Bruyette & Woods upgraded shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 target price for the company in a research report on Wednesday, July 9th. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Citigroup reissued an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Friday. Finally, Morgan Stanley boosted their price target on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $188.00.

The Hanover Insurance Group Company 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 through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.