Shell Asset Management Co. Has $876,000 Position in The Hanover Insurance Group, Inc. (NYSE:THG)

Shell Asset Management Co. held its stake in The Hanover Insurance Group, Inc. (NYSE:THG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,883 shares of the insurance provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in The Hanover Insurance Group were worth $876,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Timber Hill LLC bought a new stake in The Hanover Insurance Group during the first quarter worth $212,000. Trust Co. of Toledo NA OH boosted its stake in shares of The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock valued at $222,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of 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 buying an additional 89 shares in the last quarter. World Asset Management Inc boosted its stake in shares of The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 17.1% in the second quarter. LS Investment Advisors LLC now owns 3,348 shares of the insurance provider’s stock valued at $297,000 after buying an additional 488 shares in the last quarter. 84.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) opened at 98.86 on Thursday. The Hanover Insurance Group, Inc. has a 52 week low of $74.06 and a 52 week high of $98.88. The company has a 50 day moving average of $91.36 and a 200 day moving average of $88.30. The company has a market cap of $4.20 billion, a PE ratio of 21.23 and a beta of 1.14.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The business had revenue of $1.27 billion for 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 company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. On average, analysts expect that The Hanover Insurance Group, Inc. will post $6.11 EPS for the current year.

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Several analysts recently weighed in on THG shares. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $81.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, May 5th. BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $93.00.

In other The Hanover Insurance Group news, insider J Kendall Huber sold 20,960 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John C. Roche sold 17,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 42,524 shares in the company, valued at approximately $4,082,304. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.

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).

Want to see what other hedge funds are holding THG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hanover Insurance Group, Inc. (NYSE:THG).

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

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