American Century Companies Inc. Sells 83,327 Shares of The Hanover Insurance Group, Inc. (THG)

American Century Companies Inc. reduced its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 33.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,944 shares of the insurance provider’s stock after selling 83,327 shares during the quarter. American Century Companies Inc. owned about 0.40% of The Hanover Insurance Group worth $19,799,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in THG. Tower Research Capital LLC TRC bought a new position in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $108,000. Glassman Wealth Services boosted its position in shares of The Hanover Insurance Group by 82.6% in the first quarter. Glassman Wealth Services now owns 1,163 shares of the insurance provider’s stock valued at $137,000 after acquiring an additional 526 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $181,000. Rothschild Investment Corp IL bought a new position in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $210,000. Finally, MAI Capital Management bought a new position in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $213,000. Institutional investors own 86.12% of the company’s stock.

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 1,513 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the sale, the senior vice president now directly owns 6,333 shares in the company, valued at $686,877.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Warren E. Barnes sold 1,547 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total transaction of $171,098.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,217 shares of company stock valued at $2,321,762. 1.30% of the stock is currently owned by company insiders.

A number of equities analysts have recently commented on THG shares. ValuEngine upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. Finally, Keefe, Bruyette & Woods upgraded shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating in a research report on Friday, May 4th.

The Hanover Insurance Group opened at $119.04 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.45 and a quick ratio of 0.45. The Hanover Insurance Group, Inc. has a 12 month low of $118.85 and a 12 month high of $119.46. The company has a market capitalization of $5.05 billion, a PE ratio of 25.08 and a beta of 0.97.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, May 2nd. The insurance provider reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.14. The Hanover Insurance Group had a net margin of 3.97% and a return on equity of 8.33%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The Hanover Insurance Group’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts predict that The Hanover Insurance Group, Inc. will post 8.55 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, June 7th. This represents a $2.16 annualized dividend and a yield of 1.81%. The Hanover Insurance Group’s payout ratio is presently 45.57%.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

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

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