Today: Today: Bank of Montreal Can Acquires Shares of 39,471 Today: Hanover Insurance Group Inc. (THG)

Today: Bank of Montreal Can Acquires Shares of 39,471 Today: Hanover Insurance Group Inc. (THG)

Bank of Montreal Can bought a new stake in shares of The Hanover Insurance Group Inc. (NYSE:THG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 39,471 shares of the company’s stock, valued at approximately $3,340,000.

A number of other large investors have also recently added to or reduced their stakes in THG. TIAA CREF Investment Management LLC boosted its stake in The Hanover Insurance Group by 13.7% in the first quarter. TIAA CREF Investment Management LLC now owns 77,782 shares of the company’s stock valued at $7,017,000 after buying an additional 9,391 shares during the last quarter. Miles Capital Inc. boosted its stake in shares of The Hanover Insurance Group by 0.4% in the first quarter. Miles Capital Inc. now owns 3,393 shares of the company’s stock worth $306,000 after buying an additional 12 shares in the last quarter. Aperio Group LLC boosted its stake in shares of The Hanover Insurance Group by 13.9% in the first quarter. Aperio Group LLC now owns 16,645 shares of the company’s stock worth $1,502,000 after buying an additional 2,032 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of The Hanover Insurance Group by 38.5% in the first quarter. Goldman Sachs Group Inc. now owns 235,984 shares of the company’s stock worth $21,290,000 after buying an additional 65,610 shares in the last quarter. Finally, BlackRock Japan Co. Ltd bought a new stake in shares of The Hanover Insurance Group during the first quarter worth about $332,000. Hedge funds and other institutional investors own 82.93% of the company’s stock.

The Hanover Insurance Group Inc. (NYSE:THG) traded up 0.38% during midday trading on Friday, reaching $78.97. The company had a trading volume of 148,681 shares. The stock’s 50 day moving average is $76.49 and its 200 day moving average is $82.51. The Hanover Insurance Group Inc. has a 12-month low of $74.06 and a 12-month high of $91.30. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 14.70 and a beta of 1.01.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.02. The Hanover Insurance Group had a return on equity of 9.51% and a net margin of 4.83%. The firm earned $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts expect that The Hanover Insurance Group Inc. will post $5.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a $0.46 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $1.84 dividend on an annualized basis and a yield of 2.33%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 34.39%.

A number of equities research analysts have recently issued reports on THG shares. 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. Zacks Investment Research cut The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th. Finally, JMP Securities reiterated an “outperform” rating and set a $95.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, September 12th.

In other The Hanover Insurance Group news, insider Christine Bilotti-Peterson sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $82.31, for a total value of $296,316.00. Following the completion of the sale, the insider now owns 6,390 shares of the company’s stock, valued at $525,960.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.49% of the stock is owned by company insiders.

About The Hanover Insurance Group

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.

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