Hanover Insurance Group (THG) Downgraded to Hold at ValuEngine

Hanover Insurance Group (NYSE:THG) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday, April 2nd.

Separately, Zacks Investment Research lowered shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 21st.

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Shares of THG traded up $0.42 during trading hours on Monday, reaching $120.72. The stock had a trading volume of 193,691 shares, compared to its average volume of 221,037. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.26. Hanover Insurance Group has a 52 week low of $79.23 and a 52 week high of $121.14. The stock has a market cap of $5,007.75, a P/E ratio of 25.33 and a beta of 0.96.

Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.15. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.46) EPS. equities research analysts expect that Hanover Insurance Group will post 8.4 earnings per share for the current fiscal year.

In related news, SVP Warren E. Barnes sold 1,547 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total value of $171,098.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Warren E. Barnes sold 1,513 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the sale, the senior vice president now owns 6,333 shares of the company’s stock, valued at $686,877.18. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC increased its holdings in shares of Hanover Insurance Group by 13.1% during the fourth quarter. Flinton Capital Management LLC now owns 4,844 shares of the insurance provider’s stock worth $524,000 after purchasing an additional 560 shares during the period. Deutsche Bank AG increased its holdings in shares of Hanover Insurance Group by 8.4% during the fourth quarter. Deutsche Bank AG now owns 123,563 shares of the insurance provider’s stock worth $13,352,000 after purchasing an additional 9,604 shares during the period. Magnetar Financial LLC bought a new position in shares of Hanover Insurance Group during the third quarter worth approximately $1,199,000. California Public Employees Retirement System increased its holdings in shares of Hanover Insurance Group by 6.7% during the third quarter. California Public Employees Retirement System now owns 130,564 shares of the insurance provider’s stock worth $12,656,000 after purchasing an additional 8,154 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Hanover Insurance Group by 1.4% during the fourth quarter. BlackRock Inc. now owns 3,563,588 shares of the insurance provider’s stock worth $385,154,000 after purchasing an additional 48,671 shares during the period. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

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About Hanover Insurance Group

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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