Boston Private Wealth LLC Decreases Stock Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Boston Private Wealth LLC decreased its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 11.8% during the third quarter, Holdings Channel.com reports. The fund owned 1,734 shares of the insurance provider’s stock after selling 232 shares during the period. Boston Private Wealth LLC’s holdings in The Hanover Insurance Group were worth $225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley grew its position in The Hanover Insurance Group by 49.3% during the 2nd quarter. Morgan Stanley now owns 71,734 shares of the insurance provider’s stock worth $9,729,000 after purchasing an additional 23,675 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of The Hanover Insurance Group by 30.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 114,774 shares of the insurance provider’s stock valued at $15,568,000 after acquiring an additional 26,580 shares during the period. UBS Asset Management Americas Inc. raised its stake in The Hanover Insurance Group by 5.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 106,595 shares of the insurance provider’s stock worth $14,459,000 after acquiring an additional 5,725 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in The Hanover Insurance Group by 4.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 23,112 shares of the insurance provider’s stock worth $3,135,000 after acquiring an additional 1,039 shares during the period. Finally, AlphaCrest Capital Management LLC increased its holdings in shares of The Hanover Insurance Group by 104.0% in the second quarter. AlphaCrest Capital Management LLC now owns 3,403 shares of the insurance provider’s stock valued at $462,000 after purchasing an additional 1,735 shares during the period. Hedge funds and other institutional investors own 83.69% of the company’s stock.

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber bought 5,000 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, November 30th. The stock was acquired at an average cost of $123.60 per share, with a total value of $618,000.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.56% of the stock is currently owned by company insiders.

NYSE:THG opened at $139.08 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The company has a 50 day moving average price of $129.78 and a 200-day moving average price of $133.15. The Hanover Insurance Group, Inc. has a 1-year low of $111.09 and a 1-year high of $143.20. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.71 and a beta of 0.94.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, October 27th. The insurance provider reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The Hanover Insurance Group had a net margin of 8.15% and a return on equity of 9.86%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned $2.46 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 7.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 30th. Shareholders of record on Thursday, December 16th were given a dividend of $0.75 per share. The ex-dividend date was Wednesday, December 15th. This represents a $3.00 dividend on an annualized basis and a yield of 2.16%. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.70. The Hanover Insurance Group’s dividend payout ratio is currently 26.32%.

Separately, Zacks Investment Research cut shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, The Hanover Insurance Group presently has an average rating of “Hold” and an average price target of $146.00.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.

Featured Story: How to Calculate Compound Annual Growth Rate (CAGR)

Want to see what other hedge funds are holding THG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hanover Insurance Group, Inc. (NYSE:THG).

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

Receive News & Ratings for The Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.