The The Hanover Insurance Group, Inc. (THG) Shares Sold by SG Americas Securities LLC

The The Hanover Insurance Group, Inc. (THG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 88.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,090 shares of the company’s stock after selling 54,206 shares during the period. SG Americas Securities LLC’s holdings in The Hanover Insurance Group were worth $535,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of The Hanover Insurance Group by 32.7% in the third quarter. Ameriprise Financial Inc. now owns 430,224 shares of the company’s stock valued at $32,447,000 after buying an additional 106,089 shares during the period. Stevens Capital Management LP raised its position in shares of The Hanover Insurance Group by 1.5% in the third quarter. Stevens Capital Management LP now owns 31,856 shares of the company’s stock valued at $2,403,000 after buying an additional 461 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of The Hanover Insurance Group by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 19,280 shares of the company’s stock valued at $1,454,000 after buying an additional 250 shares during the period. Tower Research Capital LLC TRC raised its position in shares of The Hanover Insurance Group by 70.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,877 shares of the company’s stock valued at $292,000 after buying an additional 1,603 shares during the period. Finally, LS Investment Advisors LLC raised its position in shares of The Hanover Insurance Group by 7.1% in the third quarter. LS Investment Advisors LLC now owns 2,748 shares of the company’s stock valued at $207,000 after buying an additional 181 shares during the period. 81.42% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group, Inc. (NYSE:THG) traded up 0.96% during midday trading on Wednesday, reaching $84.31. 211,326 shares of the company’s stock traded hands. The company’s 50-day moving average price is $89.40 and its 200 day moving average price is $81.87. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 14.87 and a beta of 1.10. The Hanover Insurance Group, Inc. has a 52 week low of $74.06 and a 52 week high of $91.99.

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.37%. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Wednesday, December 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 35.27%.

Several brokerages recently commented on THG. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $81.00 price target (down previously from $85.00) on shares of The Hanover Insurance Group in a research report on Thursday, January 12th. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 14th. JMP Securities reiterated a “buy” rating on shares of The Hanover Insurance Group in a research note on Friday, November 4th. Finally, Sandler O’Neill assumed 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 for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $89.20.

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.

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