RidgeWorth Capital Management LLC Lowers Stake in The Hanover Insurance Group, Inc. (THG)

RidgeWorth Capital Management LLC decreased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 28.3% during the fourth quarter, Holdings Channel reports. The fund owned 578,881 shares of the company’s stock after selling 228,895 shares during the period. RidgeWorth Capital Management LLC owned 1.36% of The Hanover Insurance Group worth $52,684,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Martingale Asset Management L P boosted its stake in shares of The Hanover Insurance Group by 16.0% in the fourth quarter. Martingale Asset Management L P now owns 307,287 shares of the company’s stock valued at $27,967,000 after buying an additional 42,369 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of The Hanover Insurance Group by 0.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,940 shares of the company’s stock valued at $1,542,000 after buying an additional 86 shares during the last quarter. State Street Corp boosted its stake in shares of The Hanover Insurance Group by 0.9% in the fourth quarter. State Street Corp now owns 1,302,675 shares of the company’s stock valued at $118,558,000 after buying an additional 11,696 shares during the last quarter. Comerica Bank boosted its stake in shares of The Hanover Insurance Group by 56.8% in the fourth quarter. Comerica Bank now owns 70,350 shares of the company’s stock valued at $5,920,000 after buying an additional 25,492 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of The Hanover Insurance Group by 0.6% in the fourth quarter. Bessemer Group Inc. now owns 8,182 shares of the company’s stock valued at $744,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.

Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

The Hanover Insurance Group, Inc. (NYSE:THG) traded down 0.03% during trading on Monday, reaching $89.41. The company’s stock had a trading volume of 163,907 shares. The Hanover Insurance Group, Inc. has a 52 week low of $74.06 and a 52 week high of $91.99. The company has a market capitalization of $3.79 billion, a PE ratio of 24.93 and a beta of 1.10. The company has a 50 day moving average price of $87.01 and a 200-day moving average price of $82.17.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Thursday, February 2nd. The company reported ($0.46) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by $1.96. The Hanover Insurance Group had a return on equity of 6.21% and a net margin of 3.14%. The business earned $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the firm posted $1.82 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post $7.04 earnings per share for the current year.

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Several analysts recently commented on the company. Zacks Investment Research upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Wednesday, February 8th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $81.00 price target (down from $85.00) on shares of The Hanover Insurance Group in a research report on Thursday, January 12th. JMP Securities reiterated a “buy” rating on shares of The Hanover Insurance Group in a research report on Friday, November 4th. Finally, Sandler O’Neill began coverage on The Hanover Insurance Group in a research report on Monday, October 24th. They set a “buy” rating and a $88.00 price target for the company. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $91.20.

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.

5 Day Chart for NYSE:THG

Want to see what other hedge funds are holding THG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hanover Insurance Group, Inc. (NYSE:THG).

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