Hanover Insurance Group Inc (NYSE:THG) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 693,300 shares, a decrease of 11.8% from the January 15th total of 786,400 shares. Based on an average daily trading volume, of 253,800 shares, the short-interest ratio is presently 2.7 days. Currently, 1.8% of the shares of the company are short sold.

THG has been the topic of a number of recent research reports. ValuEngine upgraded Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Buckingham Research increased their target price on Hanover Insurance Group from $142.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Zacks Investment Research lowered Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Shares of NYSE THG traded up $0.02 during trading hours on Friday, reaching $137.78. 111,100 shares of the stock were exchanged, compared to its average volume of 208,749. The firm has a market capitalization of $5.42 billion, a price-to-earnings ratio of 13.15 and a beta of 0.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.41. Hanover Insurance Group has a 52 week low of $113.08 and a 52 week high of $144.71. The stock’s fifty day simple moving average is $137.80 and its 200 day simple moving average is $134.62.

Hanover Insurance Group (NYSE:THG) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.08. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Hanover Insurance Group had a return on equity of 11.17% and a net margin of 8.69%. During the same quarter last year, the company earned $1.51 earnings per share. Research analysts predict that Hanover Insurance Group will post 8.63 EPS for the current fiscal year.

In other Hanover Insurance Group news, EVP Bryan J. Salvatore sold 634 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $135.95, for a total value of $86,192.30. Following the sale, the executive vice president now owns 6,728 shares in the company, valued at $914,671.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Joseph Welzenbach sold 9,765 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $138.86, for a total value of $1,355,967.90. Following the completion of the sale, the executive vice president now owns 21,407 shares in the company, valued at approximately $2,972,576.02. The disclosure for this sale can be found here. Insiders sold 18,254 shares of company stock worth $2,531,802 in the last 90 days. Corporate insiders own 1.65% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in THG. Whittier Trust Co. bought a new position in shares of Hanover Insurance Group during the third quarter worth approximately $25,000. Alpha Windward LLC bought a new position in shares of Hanover Insurance Group during the fourth quarter worth approximately $25,000. Point72 Hong Kong Ltd bought a new position in shares of Hanover Insurance Group during the fourth quarter worth approximately $31,000. Parkside Financial Bank & Trust increased its stake in Hanover Insurance Group by 47.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 337 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 109 shares during the period. Finally, Pacitti Group Inc. bought a new position in Hanover Insurance Group during the 4th quarter worth $55,000. Institutional investors own 84.68% of the company’s stock.

About Hanover Insurance Group

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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