Deutsche Bank AG Has $7.56 Million Holdings in Hanover Insurance Group Inc (THG)

Deutsche Bank AG cut its stake in shares of Hanover Insurance Group Inc (NYSE:THG) by 51.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,727 shares of the insurance provider’s stock after selling 67,389 shares during the period. Deutsche Bank AG owned approximately 0.16% of Hanover Insurance Group worth $7,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of THG. JPMorgan Chase & Co. grew its stake in shares of Hanover Insurance Group by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 175,427 shares of the insurance provider’s stock worth $21,642,000 after acquiring an additional 1,700 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Hanover Insurance Group by 3.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 70,424 shares of the insurance provider’s stock worth $8,688,000 after acquiring an additional 2,629 shares in the last quarter. Man Group plc grew its stake in shares of Hanover Insurance Group by 1.8% in the 3rd quarter. Man Group plc now owns 32,340 shares of the insurance provider’s stock worth $3,989,000 after acquiring an additional 573 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Hanover Insurance Group by 7.2% in the 3rd quarter. AQR Capital Management LLC now owns 664,475 shares of the insurance provider’s stock worth $81,977,000 after acquiring an additional 44,591 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Hanover Insurance Group by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 64,769 shares of the insurance provider’s stock worth $7,991,000 after acquiring an additional 808 shares in the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on THG shares. ValuEngine upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Monday, December 31st. Zacks Investment Research lowered shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th. Finally, Compass Point started coverage on shares of Hanover Insurance Group in a research note on Friday, March 1st. They issued a “buy” rating and a $118.71 target price for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Hanover Insurance Group presently has a consensus rating of “Buy” and an average target price of $130.57.

THG opened at $117.03 on Friday. The stock has a market cap of $4.76 billion, a P/E ratio of 17.24 and a beta of 0.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.51 and a quick ratio of 0.51. Hanover Insurance Group Inc has a fifty-two week low of $104.59 and a fifty-two week high of $131.44.

Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.04. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Hanover Insurance Group had a net margin of 7.88% and a return on equity of 11.14%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. Analysts predict that Hanover Insurance Group Inc will post 8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.40 annualized dividend and a yield of 2.05%. Hanover Insurance Group’s payout ratio is currently 35.35%.

In related news, insider Mark Joseph Welzenbach sold 2,216 shares of the stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $115.24, for a total transaction of $255,371.84. Following the completion of the transaction, the insider now owns 17,559 shares in the company, valued at $2,023,499.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bryan J. Salvatore sold 867 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $116.20, for a total transaction of $100,745.40. Following the transaction, the insider now owns 8,312 shares of the company’s stock, valued at approximately $965,854.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,560 shares of company stock valued at $2,016,383. 1.65% of the stock is owned by company insiders.

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Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.

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

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