Man Group plc Sells 1,961 Shares of Hanover Insurance Group Inc (NYSE:THG)

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Man Group plc lessened its holdings in shares of Hanover Insurance Group Inc (NYSE:THG) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 111,528 shares of the insurance provider’s stock after selling 1,961 shares during the period. Man Group plc’s holdings in Hanover Insurance Group were worth $15,117,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Hanover Insurance Group by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,439,819 shares of the insurance provider’s stock worth $569,628,000 after purchasing an additional 121,714 shares during the last quarter. Invesco Ltd. lifted its stake in Hanover Insurance Group by 5.5% in the second quarter. Invesco Ltd. now owns 1,110,919 shares of the insurance provider’s stock valued at $142,532,000 after buying an additional 58,121 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Hanover Insurance Group by 2.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 838,987 shares of the insurance provider’s stock valued at $113,716,000 after buying an additional 17,108 shares during the period. Janus Henderson Group PLC boosted its holdings in Hanover Insurance Group by 3.1% during the second quarter. Janus Henderson Group PLC now owns 800,840 shares of the insurance provider’s stock worth $102,748,000 after buying an additional 24,190 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Hanover Insurance Group by 14.5% during the second quarter. Macquarie Group Ltd. now owns 735,895 shares of the insurance provider’s stock worth $94,415,000 after buying an additional 93,209 shares during the last quarter. Institutional investors own 84.65% of the company’s stock.

In related news, EVP Bryan J. Salvatore sold 688 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $130.39, for a total transaction of $89,708.32. Following the sale, the executive vice president now owns 6,776 shares of the company’s stock, valued at approximately $883,522.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.65% of the stock is owned by corporate insiders.

THG opened at $134.66 on Tuesday. The firm’s fifty day moving average is $133.53 and its two-hundred day moving average is $130.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $5.34 billion, a PE ratio of 19.83 and a beta of 0.54. Hanover Insurance Group Inc has a twelve month low of $104.59 and a twelve month high of $137.36.

Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.22. Hanover Insurance Group had a net margin of 9.27% and a return on equity of 10.62%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $2.33 earnings per share. Equities analysts forecast that Hanover Insurance Group Inc will post 8.44 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. ValuEngine upgraded Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $151.00 price target on the stock in a research report on Wednesday, October 16th.

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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