Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 100 Shares of Hanover Insurance Group Inc (NYSE:THG)

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Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Hanover Insurance Group Inc (NYSE:THG) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 910 shares of the insurance provider’s stock after selling 100 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Hanover Insurance Group were worth $123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of THG. Boston Advisors LLC acquired a new stake in Hanover Insurance Group in the third quarter valued at approximately $1,980,000. Public Employees Retirement Association of Colorado grew its stake in Hanover Insurance Group by 41.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 156,774 shares of the insurance provider’s stock valued at $21,249,000 after acquiring an additional 45,900 shares during the period. Creative Planning grew its stake in Hanover Insurance Group by 3.0% in the third quarter. Creative Planning now owns 3,911 shares of the insurance provider’s stock valued at $530,000 after acquiring an additional 114 shares during the period. Mackay Shields LLC grew its stake in Hanover Insurance Group by 92.3% in the third quarter. Mackay Shields LLC now owns 42,882 shares of the insurance provider’s stock valued at $5,812,000 after acquiring an additional 20,583 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Hanover Insurance Group by 26.3% in the third quarter. Russell Investments Group Ltd. now owns 125,353 shares of the insurance provider’s stock valued at $16,986,000 after acquiring an additional 26,123 shares during the period. Hedge funds and other institutional investors own 86.21% of the company’s stock.

In other news, EVP Bryan J. Salvatore sold 688 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $130.39, for a total value of $89,708.32. Following the transaction, the executive vice president now owns 6,776 shares in the company, valued at $883,522.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.65% of the stock is owned by company insiders.

Shares of THG stock traded up $0.11 during trading hours on Wednesday, reaching $134.80. The company had a trading volume of 4,037 shares, compared to its average volume of 253,335. Hanover Insurance Group Inc has a 12 month low of $104.59 and a 12 month high of $137.15. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day simple moving average of $133.37 and a 200-day simple moving average of $129.13. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 19.85 and a beta of 0.55.

Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $2.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.22. Hanover Insurance Group had a return on equity of 10.62% and a net margin of 9.27%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company earned $2.33 earnings per share. On average, equities research analysts expect that Hanover Insurance Group Inc will post 8.44 earnings per share for the current year.

THG has been the subject of a number of research reports. ValuEngine cut Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Zacks Investment Research upgraded Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a report on Wednesday, October 16th.

About Hanover Insurance Group

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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