Hanover Insurance Group Inc (THG) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 27.1% in the 3rd quarter, Holdings Channel reports. The fund owned 22,830 shares of the insurance provider’s stock after selling 8,469 shares during the period. Assenagon Asset Management S.A.’s holdings in Hanover Insurance Group were worth $2,817,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Hanover Insurance Group by 11.1% during the second quarter. BlackRock Inc. now owns 4,010,860 shares of the insurance provider’s stock worth $479,538,000 after acquiring an additional 401,605 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake in Hanover Insurance Group by 25.4% during the second quarter. Glen Harbor Capital Management LLC now owns 3,472 shares of the insurance provider’s stock worth $415,000 after acquiring an additional 704 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in Hanover Insurance Group by 216.3% during the second quarter. BlueMountain Capital Management LLC now owns 8,764 shares of the insurance provider’s stock worth $1,048,000 after acquiring an additional 5,993 shares during the last quarter. Federated Investors Inc. PA increased its stake in Hanover Insurance Group by 19.5% during the second quarter. Federated Investors Inc. PA now owns 19,808 shares of the insurance provider’s stock worth $2,368,000 after acquiring an additional 3,226 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Hanover Insurance Group by 26.7% during the second quarter. Wells Fargo & Company MN now owns 60,189 shares of the insurance provider’s stock worth $7,197,000 after acquiring an additional 12,697 shares during the last quarter. Institutional investors own 84.49% of the company’s stock.

Shares of NYSE THG opened at $111.76 on Wednesday. Hanover Insurance Group Inc has a 1-year low of $101.81 and a 1-year high of $131.44. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.64 billion, a PE ratio of 23.58 and a beta of 0.98.

Several brokerages have recently weighed in on THG. Zacks Investment Research downgraded Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 20th. ValuEngine downgraded Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Keefe, Bruyette & Woods set a $140.00 target price on Hanover Insurance Group and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Sandler O’Neill raised Hanover Insurance Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $133.00 in a research report on Wednesday, September 26th.

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About Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

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

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