First Hawaiian Bank Has $656,000 Stake in The Hanover Insurance Group, Inc. (NYSE:THG)

First Hawaiian Bank held its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,401 shares of the insurance provider’s stock at the end of the second quarter. First Hawaiian Bank’s holdings in The Hanover Insurance Group were worth $656,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of THG. Credit Agricole S A purchased a new stake in shares of The Hanover Insurance Group during the fourth quarter valued at $102,000. Timber Hill LLC purchased a new stake in shares of The Hanover Insurance Group during the first quarter valued at $212,000. Trust Co. of Toledo NA OH boosted its stake in shares of The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock valued at $222,000 after buying an additional 150 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after buying an additional 89 shares during the period. Finally, World Asset Management Inc boosted its stake in shares of The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) traded down 1.31% on Monday, reaching $88.08. The company had a trading volume of 150,414 shares. The firm has a market capitalization of $3.75 billion, a PE ratio of 31.07 and a beta of 1.13. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $92.78. The company’s 50-day moving average is $84.76 and its 200 day moving average is $87.59.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, May 3rd. The insurance provider reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by $0.78. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.22 billion. The Hanover Insurance Group had a return on equity of 5.20% and a net margin of 2.45%. The Hanover Insurance Group’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.64 EPS. Equities analysts forecast that The Hanover Insurance Group, Inc. will post $6.02 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The Hanover Insurance Group’s dividend payout ratio is 70.42%.

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Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. BidaskClub raised The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods raised The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 price target for the company in a research note on Wednesday, May 17th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $91.20.

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

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