Foster Motley Inc buys $5,603,409 stake in Hanover Insurance Group Inc (THG)

Hanover Insurance Group Inc (THG) : Foster Motley Inc scooped up 1,789 additional shares in Hanover Insurance Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 68,999 shares of Hanover Insurance Group Inc which is valued at $5,603,409.Hanover Insurance Group Inc makes up approximately 1.08% of Foster Motley Inc’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp reduced its stake in THG by selling 1,272 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 20,128 shares of THG which is valued at $1,634,595. Hanover Insurance Group Inc makes up approx 0.04% of Dupont Capital Management Corp’s portfolio.Monarch Partners Asset Management reduced its stake in THG by selling 26,490 shares or 19.38% in the most recent quarter. The Hedge Fund company now holds 110,168 shares of THG which is valued at $9,167,079. Hanover Insurance Group Inc makes up approx 0.90% of Monarch Partners Asset Management’s portfolio.Meeder Asset Management Inc reduced its stake in THG by selling 7,508 shares or 24.46% in the most recent quarter. The Hedge Fund company now holds 23,187 shares of THG which is valued at $1,938,433. Hanover Insurance Group Inc makes up approx 0.18% of Meeder Asset Management Inc’s portfolio.Miller Howard Investments Inc Ny reduced its stake in THG by selling 2,076 shares or 29.87% in the most recent quarter. The Hedge Fund company now holds 4,875 shares of THG which is valued at $407,550. Hanover Insurance Group Inc makes up approx 0.01% of Miller Howard Investments Inc Ny’s portfolio.

Hanover Insurance Group Inc opened for trading at $80.93 and hit $81.2 on the upside on Monday, eventually ending the session at $80.98, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 1,46,710 shares. Company has a market cap of $3,461 M.

On the company’s financial health, Hanover Insurance Group Inc reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -1.14 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $1.19. The company had revenue of $1221.60 million for the quarter, compared to analysts expectations of $1234.50 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

Hanover Insurance Group Inc. is a holding company. The Company’s primary business operations are property and casualty insurance products and services. The Company markets its domestic products and services through independent agents and brokers in the United States and conduct business internationally through a wholly-owned subsidiary Chaucer Holdings Limited and Corporation of Lloyd’s in the United Kingdom. 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. The Company’s Personal automobile coverage insures individuals against losses incurred from personal bodily injury. The Company’s Chaucer segment include Marine and aviation includes worldwide direct facultative and treaty business. The Company’s Other segment consists of: Opus which provides investment advisory services.

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