Susquehanna International Group LLP Invests $1.08 Million in The Hanover Insurance Group, Inc. (NYSE:THG) Stock

Susquehanna International Group LLP bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,200 shares of the insurance provider’s stock, valued at approximately $1,081,000.

A number of other large investors also recently bought and sold shares of THG. BlackRock Inc. raised its stake in The Hanover Insurance Group by 8,831.8% during the first quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock worth $315,226,000 after purchasing an additional 3,460,996 shares during the period. Janus Henderson Group PLC purchased a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at $62,938,000. Macquarie Group Ltd. raised its stake in shares of The Hanover Insurance Group by 97.6% in the 2nd quarter. Macquarie Group Ltd. now owns 729,942 shares of the insurance provider’s stock valued at $64,695,000 after acquiring an additional 360,623 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of The Hanover Insurance Group by 2,199.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 375,034 shares of the insurance provider’s stock valued at $33,239,000 after acquiring an additional 358,725 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of The Hanover Insurance Group by 63.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 716,724 shares of the insurance provider’s stock valued at $63,524,000 after acquiring an additional 279,347 shares during the period. 84.16% of the stock is currently owned by institutional investors.

Shares of The Hanover Insurance Group, Inc. (NYSE THG) traded down 0.22% during mid-day trading on Friday, reaching $98.85. 124,222 shares of the company traded hands. The Hanover Insurance Group, Inc. has a 52-week low of $74.60 and a 52-week high of $100.33. The stock’s 50 day moving average is $96.69 and its 200 day moving average is $91.37. The stock has a market capitalization of $4.19 billion, a PE ratio of 21.39 and a beta of 1.13.

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, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post $3.84 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, September 14th. The Hanover Insurance Group’s payout ratio is 43.29%.

Several equities research analysts recently issued reports on THG shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $91.00 price objective on shares of The Hanover Insurance Group in a report on Friday, October 6th. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $97.33.

ILLEGAL ACTIVITY NOTICE: This story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://ledgergazette.com/2017/10/22/susquehanna-international-group-llp-purchases-shares-of-12200-the-hanover-insurance-group-inc-thg.html.

In other news, insider John C. Roche sold 17,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 42,524 shares of the company’s stock, valued at $4,082,304. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Kendall Huber sold 20,960 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $97.33, for a total value of $2,040,036.80. Following the sale, the insider now owns 34,079 shares of the company’s stock, valued at approximately $

A number of other large investors also recently bought and sold shares of THG. BlackRock Inc. raised its stake in The Hanover Insurance Group by 8,831.8% during the first quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock worth $315,226,000 after purchasing an additional 3,460,996 shares during the period. Janus Henderson Group PLC purchased a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at $62,938,000. Macquarie Group Ltd. raised its stake in shares of The Hanover Insurance Group by 97.6% in the 2nd quarter. Macquarie Group Ltd. now owns 729,942 shares of the insurance provider’s stock valued at $64,695,000 after acquiring an additional 360,623 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of The Hanover Insurance Group by 2,199.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 375,034 shares of the insurance provider’s stock valued at $33,239,000 after acquiring an additional 358,725 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of The Hanover Insurance Group by 63.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 716,724 shares of the insurance provider’s stock valued at $63,524,000 after acquiring an additional 279,347 shares during the period. 84.16% of the stock is currently owned by institutional investors.

Shares of The Hanover Insurance Group, Inc. (NYSE THG) traded down 0.22% during mid-day trading on Friday, reaching $98.85. 124,222 shares of the company traded hands. The Hanover Insurance Group, Inc. has a 52-week low of $74.60 and a 52-week high of $100.33. The stock’s 50 day moving average is $96.69 and its 200 day moving average is $91.37. The stock has a market capitalization of $4.19 billion, a PE ratio of 21.39 and a beta of 1.13.

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, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post $3.84 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, September 14th. The Hanover Insurance Group’s payout ratio is 43.29%.

Several equities research analysts recently issued reports on THG shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $91.00 price objective on shares of The Hanover Insurance Group in a report on Friday, October 6th. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $97.33.

ILLEGAL ACTIVITY NOTICE: This story was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://ledgergazette.com/2017/10/22/susquehanna-international-group-llp-purchases-shares-of-12200-the-hanover-insurance-group-inc-thg.html.

In other news, insider John C. Roche sold 17,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 42,524 shares of the company’s stock, valued at $4,082,304. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Kendall Huber sold 20,960 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $97.33, for a total value of $2,040,036.80. Following the sale, the insider now owns 34,079 shares of the company’s stock, valued at approximately $3,316,909.07. The disclosure for this sale can be found here. Insiders have sold 50,630 shares of company stock worth $4,913,611 over the last ninety days. 1.08% of the stock is owned by insiders.

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).

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

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