Stifel Financial Corp lessened its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,312 shares of the insurance provider’s stock after selling 590 shares during the period. Stifel Financial Corp owned approximately 0.06% of Hanover Insurance Group worth $2,647,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Hanover Insurance Group by 0.5% during the second quarter. Vanguard Group Inc. now owns 3,890,210 shares of the insurance provider’s stock valued at $344,789,000 after acquiring an additional 20,036 shares during the period. BlackRock Inc. grew its position in Hanover Insurance Group by 0.5% during the second quarter. BlackRock Inc. now owns 3,518,780 shares of the insurance provider’s stock valued at $311,870,000 after acquiring an additional 18,596 shares during the period. LSV Asset Management grew its position in Hanover Insurance Group by 0.5% during the second quarter. LSV Asset Management now owns 897,356 shares of the insurance provider’s stock valued at $79,532,000 after acquiring an additional 4,300 shares during the period. Renaissance Technologies LLC grew its position in Hanover Insurance Group by 43.1% during the second quarter. Renaissance Technologies LLC now owns 842,900 shares of the insurance provider’s stock valued at $74,706,000 after acquiring an additional 254,000 shares during the period. Finally, Franklin Resources Inc. grew its position in Hanover Insurance Group by 0.8% during the second quarter. Franklin Resources Inc. now owns 762,300 shares of the insurance provider’s stock valued at $67,563,000 after acquiring an additional 5,800 shares during the period. 83.76% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Mark Joseph Welzenbach sold 5,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $103.89, for a total value of $519,450.00. Following the completion of the sale, the insider now owns 29,521 shares of the company’s stock, valued at $3,066,936.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Lowell Keim sold 4,966 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total value of $535,334.80. Following the completion of the sale, the insider now directly owns 4,966 shares of the company’s stock, valued at approximately $535,334.80. The disclosure for this sale can be found here. Insiders sold 14,689 shares of company stock valued at $1,555,848 in the last ninety days. Company insiders own 1.08% of the company’s stock.

Shares of Hanover Insurance Group Inc (NYSE THG) opened at $106.92 on Thursday. Hanover Insurance Group Inc has a 1 year low of $79.23 and a 1 year high of $108.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market capitalization of $4,417.40, a PE ratio of 45.42 and a beta of 1.14.

Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.74. Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. equities research analysts forecast that Hanover Insurance Group Inc will post 4.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.54 dividend. This is an increase from Hanover Insurance Group’s previous quarterly dividend of $0.50. The ex-dividend date is Thursday, December 14th. This represents a $2.16 annualized dividend and a dividend yield of 2.02%. Hanover Insurance Group’s dividend payout ratio is presently 76.60%.

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $91.00 price target on shares of Hanover Insurance Group in a research report on Friday, October 6th. Zacks Investment Research raised Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th.

ILLEGAL ACTIVITY NOTICE: “Stifel Financial Corp Lowers Holdings in Hanover Insurance Group Inc (THG)” was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/stifel-financial-corp-lowers-holdings-in-hanover-insurance-group-inc-thg/1775860.html.

Hanover Insurance Group Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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

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