Trexquant Investment LP Reduces Position in The Hanover Insurance Group, Inc. $THG

Key Points

• Trexquant Investment LP has reduced its stake in The Hanover Insurance Group by 3.9%, now holding approximately 55,081 shares valued at $9.58 million.
• The Hanover Insurance Group reported a quarterly EPS of $4.35, significantly exceeding analysts' expectations of $3.07, with a revenue of $1.58 billion for the quarter.
• Institutional investors own 86.61% of The Hanover Insurance Group's shares, indicating strong interest and confidence in the company among major investors.

Trexquant Investment LP lowered its stake in The Hanover Insurance Group, Inc. (NYSE:THG - Free Report) by 3.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,081 shares of the insurance provider's stock after selling 2,218 shares during the quarter. Trexquant Investment LP owned 0.15% of The Hanover Insurance Group worth $9,581,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. HM Payson & Co. increased its stake in shares of The Hanover Insurance Group by 6.7% in the 1st quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider's stock valued at $185,000 after acquiring an additional 67 shares in the last quarter. Intrust Bank NA increased its stake in shares of The Hanover Insurance Group by 1.8% in the 1st quarter. Intrust Bank NA now owns 4,886 shares of the insurance provider's stock valued at $850,000 after acquiring an additional 85 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of The Hanover Insurance Group by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,632 shares of the insurance provider's stock valued at $1,502,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of The Hanover Insurance Group by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the insurance provider's stock valued at $1,757,000 after acquiring an additional 100 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 0.6% in the 1st quarter. Buckhead Capital Management LLC now owns 17,440 shares of the insurance provider's stock valued at $3,034,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Price Performance

NYSE THG traded up $2.48 on Tuesday, reaching $175.96. 242,056 shares of the company's stock traded hands, compared to its average volume of 246,254. The Hanover Insurance Group, Inc. has a 12 month low of $142.48 and a 12 month high of $178.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a 50-day simple moving average of $168.40 and a 200 day simple moving average of $167.29. The stock has a market cap of $6.29 billion, a PE ratio of 11.58 and a beta of 0.46.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, beating analysts' consensus estimates of $3.07 by $1.28. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same period last year, the business earned $1.88 earnings per share. The business's quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts predict that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.0%. The Hanover Insurance Group's payout ratio is currently 23.70%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on THG. Morgan Stanley lifted their price objective on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Citigroup restated an "outperform" rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Finally, Keefe, Bruyette & Woods upgraded shares of The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target for the company in a research note on Wednesday, July 9th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $185.13.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.