National Planning Corp reduced its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 14.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,688 shares of the insurance provider’s stock after selling 602 shares during the quarter. National Planning Corp’s holdings in The Hanover Insurance Group were worth $361,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. purchased a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at about $56,542,000. CNA Financial Corp purchased a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at about $791,000. State of Tennessee Treasury Department purchased a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at about $1,939,000. SG Americas Securities LLC lifted its position in shares of The Hanover Insurance Group by 42.4% during the 2nd quarter. SG Americas Securities LLC now owns 11,427 shares of the insurance provider’s stock valued at $1,013,000 after buying an additional 3,400 shares in the last quarter. Finally, Marshall Wace North America L.P. lifted its position in shares of The Hanover Insurance Group by 240.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 44,108 shares of the insurance provider’s stock valued at $3,925,000 after buying an additional 31,161 shares in the last quarter. Institutional investors and hedge funds own 83.85% of the company’s stock.

The Hanover Insurance Group, Inc. (THG) traded down $0.42 during midday trading on Tuesday, reaching $106.66. The company had a trading volume of 154,300 shares, compared to its average volume of 229,257. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. The Hanover Insurance Group, Inc. has a one year low of $79.23 and a one year high of $108.64. The stock has a market cap of $4,548.22, a PE ratio of 46.76 and a beta of 1.14.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.54 dividend. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a yield of 2.03%. The Hanover Insurance Group’s payout ratio is currently 70.92%.

In related news, insider Mark Lowell Keim sold 4,966 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total value of $535,334.80. Following the transaction, the insider now directly owns 4,966 shares of the company’s stock, valued at approximately $535,334.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Joseph Welzenbach sold 4,723 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $106.09, for a total value of $501,063.07. Following the completion of the transaction, the insider now directly owns 29,244 shares in the company, valued at $3,102,495.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,689 shares of company stock worth $1,555,848. 1.08% of the stock is owned by insiders.

A number of research analysts have recently weighed in on THG shares. Zacks Investment Research cut The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $91.00 price objective on shares of The Hanover Insurance Group in a research report on Thursday, September 7th. Finally, BidaskClub raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.

TRADEMARK VIOLATION NOTICE: “National Planning Corp Sells 602 Shares of The Hanover Insurance Group, Inc. (THG)” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://theolympiareport.com/2017/12/05/national-planning-corp-sells-602-shares-of-the-hanover-insurance-group-inc-thg.html.

The 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).

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