The Hanover Insurance Group, Inc. (THG) Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY cut its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 14.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,024 shares of the insurance provider’s stock after selling 2,801 shares during the period. Grace & White Inc. NY’s holdings in The Hanover Insurance Group were worth $1,650,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THG. Teachers Advisors LLC boosted its position in shares of The Hanover Insurance Group by 3.1% in the first quarter. Teachers Advisors LLC now owns 60,823 shares of the insurance provider’s stock worth $5,478,000 after acquiring an additional 1,817 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of The Hanover Insurance Group by 5.0% in the first quarter. Geode Capital Management LLC now owns 334,450 shares of the insurance provider’s stock worth $30,120,000 after acquiring an additional 15,980 shares during the last quarter. BlackRock Inc. boosted its position in shares of The Hanover Insurance Group by 8,831.8% in the first quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock worth $315,226,000 after acquiring an additional 3,460,996 shares during the last quarter. Amalgamated Bank boosted its position in shares of The Hanover Insurance Group by 3.0% in the first quarter. Amalgamated Bank now owns 6,706 shares of the insurance provider’s stock worth $604,000 after acquiring an additional 198 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of The Hanover Insurance Group by 11.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 182,978 shares of the insurance provider’s stock worth $16,479,000 after acquiring an additional 18,269 shares during the last quarter. 83.98% of the stock is currently owned by institutional investors and hedge funds.

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The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.63) by $0.74. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $1.83 EPS. The business’s revenue for the quarter was up 5.7% on a year-over-year basis.

THG has been the topic of several research analyst reports. Zacks Investment Research cut shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods set a $91.00 target price on shares of The Hanover Insurance Group and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.

In other The Hanover Insurance Group news, insider J Kendall Huber sold 20,960 shares of The Hanover Insurance Group stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the transaction, the insider now owns 34,079 shares of the company’s stock, valued at approximately $3,316,909.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group 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 transaction, the insider now directly owns 1,760 shares in the company, valued at approximately $173,500.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,630 shares of company stock worth $4,913,611. Company insiders own 1.08% of the company’s stock.

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)

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