Trade Report: Today: Public Employees Retirement Association of Colorado Sold shares of Today: Hanover Insurance Group Inc. (THG)

Today: Public Employees Retirement Association of Colorado Sold shares of Today: Hanover Insurance Group Inc. (THG)

Public Employees Retirement Association of Colorado reduced its position in shares of The Hanover Insurance Group Inc. (NYSE:THG) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 105,457 shares of the company’s stock after selling 62 shares during the period. Public Employees Retirement Association of Colorado’s holdings in The Hanover Insurance Group were worth $8,924,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in THG. LS Investment Advisors LLC boosted its position in The Hanover Insurance Group by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,567 shares of the company’s stock worth $217,000 after buying an additional 1,078 shares during the last quarter. Miles Capital Inc. boosted its position in 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 during the last quarter. BlackRock Japan Co. Ltd bought a new position in The Hanover Insurance Group during the first quarter worth $332,000. NN Investment Partners Holdings N.V. bought a new position in The Hanover Insurance Group during the first quarter worth $334,000. Finally, Lucus Advisors LLC bought a new position in The Hanover Insurance Group during the second quarter worth $351,000. 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 mid-day trading on Friday, reaching $78.97. 148,681 shares of the company were exchanged. The stock has a 50 day moving average of $76.49 and a 200-day moving average of $82.51. The Hanover Insurance Group Inc. has a one year low of $74.06 and a one year high of $91.30. The stock 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 released its quarterly earnings data on Thursday, July 28th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. The business earned $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. The Hanover Insurance Group had a net margin of 4.83% and a return on equity of 9.51%. The Hanover Insurance Group’s revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $1.56 EPS. On average, equities analysts expect that The Hanover Insurance Group Inc. will post $5.93 earnings per share for the current fiscal 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 dividend of $0.46 per share. 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 is currently 34.39%.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. JMP Securities reissued an “outperform” rating and issued a $95.00 price target on shares of The Hanover Insurance Group in a research report on Monday, September 12th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $99.00 price target (up previously from $98.00) on shares of The Hanover Insurance Group in a research report on Tuesday, July 12th.

In other The Hanover Insurance Group news, insider Christine Bilotti-Peterson sold 3,600 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $82.31, for a total transaction of $296,316.00. Following the completion of the sale, the insider now directly owns 6,390 shares in the company, valued at approximately $525,960.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.49% of the company’s stock.

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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