Susquehanna International Group LLP Purchases Shares of 12,200 The Hanover Insurance Group, Inc. (THG)

Susquehanna International Group LLP purchased a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,200 shares of the insurance provider’s stock, valued at approximately $1,081,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in The Hanover Insurance Group by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 3,394 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 24 shares in the last quarter. Creative Planning increased its stake in The Hanover Insurance Group by 1.8% in the second quarter. Creative Planning now owns 3,828 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 69 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in The Hanover Insurance Group by 1.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,415 shares of the insurance provider’s stock valued at $627,000 after purchasing an additional 83 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after purchasing an additional 89 shares in the last quarter. Finally, World Asset Management Inc increased its stake in The Hanover Insurance Group by 3.8% in the second quarter. World Asset Management Inc now owns 2,715 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 99 shares in the last quarter. 84.16% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/13/susquehanna-international-group-llp-purchases-shares-of-12200-the-hanover-insurance-group-inc-thg.html.

In related news, insider Christine Bilotti-Peterson sold 2,570 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $98.58, for a total value of $253,350.60. Following the completion of the transaction, the insider now directly owns 1,760 shares in the company, valued at approximately $173,500.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John C. Roche sold 17,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the completion of the transaction, the insider now owns 42,524 shares of the company’s stock, valued at $4,082,304. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,630 shares of company stock valued at $4,913,611. 1.08% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods set a $91.00 price target on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $97.33.

The Hanover Insurance Group, Inc. (NYSE THG) traded up 0.50% during midday trading on Friday, reaching $97.35. 16,070 shares of the company’s stock traded hands. The stock has a market cap of $4.13 billion, a P/E ratio of 21.06 and a beta of 1.13. The company’s 50-day moving average price is $96.77 and its 200-day moving average price is $91.01. The Hanover Insurance Group, Inc. has a 52-week low of $74.60 and a 52-week high of $100.33.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The Hanover Insurance Group’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earne

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in The Hanover Insurance Group by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 3,394 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 24 shares in the last quarter. Creative Planning increased its stake in The Hanover Insurance Group by 1.8% in the second quarter. Creative Planning now owns 3,828 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 69 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in The Hanover Insurance Group by 1.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,415 shares of the insurance provider’s stock valued at $627,000 after purchasing an additional 83 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after purchasing an additional 89 shares in the last quarter. Finally, World Asset Management Inc increased its stake in The Hanover Insurance Group by 3.8% in the second quarter. World Asset Management Inc now owns 2,715 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 99 shares in the last quarter. 84.16% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/13/susquehanna-international-group-llp-purchases-shares-of-12200-the-hanover-insurance-group-inc-thg.html.

In related news, insider Christine Bilotti-Peterson sold 2,570 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $98.58, for a total value of $253,350.60. Following the completion of the transaction, the insider now directly owns 1,760 shares in the company, valued at approximately $173,500.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John C. Roche sold 17,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the completion of the transaction, the insider now owns 42,524 shares of the company’s stock, valued at $4,082,304. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,630 shares of company stock valued at $4,913,611. 1.08% of the stock is owned by company insiders.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods set a $91.00 price target on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $97.33.

The Hanover Insurance Group, Inc. (NYSE THG) traded up 0.50% during midday trading on Friday, reaching $97.35. 16,070 shares of the company’s stock traded hands. The stock has a market cap of $4.13 billion, a P/E ratio of 21.06 and a beta of 1.13. The company’s 50-day moving average price is $96.77 and its 200-day moving average price is $91.01. The Hanover Insurance Group, Inc. has a 52-week low of $74.60 and a 52-week high of $100.33.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The Hanover Insurance Group’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post $3.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.06%. The Hanover Insurance Group’s payout ratio is 43.29%.

The Hanover Insurance Group Company 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 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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply