Prospector Partners LLC lowered its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,700 shares of the insurance provider’s stock after selling 3,100 shares during the period. The Hanover Insurance Group accounts for 1.4% of Prospector Partners LLC’s investment portfolio, making the stock its 21st biggest holding. Prospector Partners LLC owned approximately 0.23% of The Hanover Insurance Group worth $9,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Magnetar Financial LLC purchased a new position in The Hanover Insurance Group in the 3rd quarter valued at approximately $1,199,000. OxFORD Asset Management LLP purchased a new position in The Hanover Insurance Group in the 3rd quarter valued at approximately $995,000. Schwab Charles Investment Management Inc. grew its stake in The Hanover Insurance Group by 34.2% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 269,858 shares of the insurance provider’s stock valued at $26,158,000 after buying an additional 68,810 shares in the last quarter. Wells Fargo & Company MN grew its stake in The Hanover Insurance Group by 84.6% in the 3rd quarter. Wells Fargo & Company MN now owns 33,008 shares of the insurance provider’s stock valued at $3,199,000 after buying an additional 15,123 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its stake in The Hanover Insurance Group by 9.0% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 7,300 shares of the insurance provider’s stock valued at $708,000 after buying an additional 600 shares in the last quarter. Institutional investors own 83.85% of the company’s stock.

In other news, insider Mark Joseph Welzenbach sold 4,723 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $106.09, for a total transaction of $501,063.07. Following the completion of the transaction, the insider now directly owns 29,244 shares in the company, valued at approximately $3,102,495.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Lowell Keim sold 4,966 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $107.80, for a total transaction of $535,334.80. Following the transaction, the insider now owns 4,966 shares of the company’s stock, valued at $535,334.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,689 shares of company stock valued at $1,555,848 over the last 90 days. Company insiders own 1.08% of the company’s stock.

The Hanover Insurance Group, Inc. (NYSE THG) traded down $0.21 on Thursday, hitting $106.29. 87,800 shares of the stock were exchanged, compared to its average volume of 228,393. The stock has a market cap of $4,490.00, a price-to-earnings ratio of 46.51 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.45 and a quick ratio of 0.45. The Hanover Insurance Group, Inc. has a 12-month low of $79.23 and a 12-month high of $108.64.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.54 per share. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 14th. The Hanover Insurance Group’s payout ratio is 69.20%.

A number of research firms recently weighed in on THG. Zacks Investment Research upgraded shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective for the company in a research note on Wednesday, November 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $91.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, October 6th.

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About The Hanover Insurance Group

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 The Hanover Insurance Group (NYSE:THG)

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