Trading Report: Today, Quantbot Technologies LP decreases its position in The Hanover Insurance Group Inc. (THG)

Today, Quantbot Technologies LP decreases its position in The Hanover Insurance Group Inc. (THG)

Quantbot Technologies LP reduced its stake in shares of The Hanover Insurance Group Inc. (NYSE:THG) by 83.8% during the third quarter, Holdings Channel reports. The fund owned 2,021 shares of the company’s stock after selling 10,460 shares during the period. Quantbot Technologies LP’s holdings in The Hanover Insurance Group were worth $152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in The Hanover Insurance Group by 4.6% in the second quarter. Vanguard Group Inc. now owns 3,585,420 shares of the company’s stock valued at $303,398,000 after buying an additional 158,764 shares during the last quarter. BlackRock Fund Advisors raised its position in The Hanover Insurance Group by 4.0% in the second quarter. BlackRock Fund Advisors now owns 1,499,162 shares of the company’s stock valued at $126,859,000 after buying an additional 58,111 shares during the last quarter. State Street Corp raised its position in The Hanover Insurance Group by 2.6% in the second quarter. State Street Corp now owns 1,383,268 shares of the company’s stock valued at $117,053,000 after buying an additional 35,258 shares during the last quarter. Bank of New York Mellon Corp raised its position in The Hanover Insurance Group by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 748,708 shares of the company’s stock valued at $63,355,000 after buying an additional 49,943 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in The Hanover Insurance Group by 8.9% in the second quarter. AQR Capital Management LLC now owns 622,049 shares of the company’s stock valued at $52,638,000 after buying an additional 50,689 shares during the last quarter. Hedge funds and other institutional investors own 80.73% of the company’s stock.

The Hanover Insurance Group Inc. (NYSE:THG) traded up 0.39% during mid-day trading on Friday, hitting $86.96. 76,778 shares of the stock were exchanged. The company has a 50 day moving average price of $79.92 and a 200 day moving average price of $80.92. The Hanover Insurance Group Inc. has a 52 week low of $74.06 and a 52 week high of $91.30. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 15.34 and a beta of 1.07.

A number of research firms have recently issued reports on THG. JMP Securities reiterated a “buy” rating on shares of The Hanover Insurance Group in a research note on Friday, November 4th. Zacks Investment Research upgraded shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Sandler O’Neill began coverage on shares of The Hanover Insurance Group in a research note on Monday, October 24th. They set a “buy” rating and a $88.00 price objective on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $94.00 price objective (down previously from $99.00) on shares of The Hanover Insurance Group in a research note on Wednesday, August 3rd.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company’s primary business operations are property and casualty insurance products and services. The Company operates through four segments: Commercial Lines, Personal Lines, Chaucer and Other. The Company’s Commercial Lines product suite provides agents and customers with products designed for small, middle and specialized markets.

Related posts

Leave a Comment