Keeley Asset Management Corp Lowers stake in Hanover Insurance Group Inc (THG)

Hanover Insurance Group Inc (THG) : Keeley Asset Management Corp reduced its stake in Hanover Insurance Group Inc by 14.93% during the most recent quarter end. The investment management company now holds a total of 576,049 shares of Hanover Insurance Group Inc which is valued at $49.9 Million after selling 101,062 shares in Hanover Insurance Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Hanover Insurance Group Inc makes up approximately 1.92% of Keeley Asset Management Corp’s portfolio.

Other Hedge Funds, Including , I.g. Investment Management Ltd. boosted its stake in THG in the latest quarter, The investment management firm added 1,332 additional shares and now holds a total of 4,524 shares of Hanover Insurance Group Inc which is valued at $391,643.Netols Asset Management reduced its stake in THG by selling 3,217 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 133,335 shares of THG which is valued at $11.5 Million. Hanover Insurance Group Inc makes up approx 2.62% of Netols Asset Management’s portfolio. Bessemer Group Inc sold out all of its stake in THG during the most recent quarter. The investment firm sold 75 shares of THG which is valued $6,493.Nine Chapters Capital Management boosted its stake in THG in the latest quarter, The investment management firm added 51,900 additional shares and now holds a total of 61,600 shares of Hanover Insurance Group Inc which is valued at $5.3 Million. Hanover Insurance Group Inc makes up approx 0.47% of Nine Chapters Capital Management’s portfolio. Bluecrest Capital Management Ltd sold out all of its stake in THG during the most recent quarter. The investment firm sold 4,388 shares of THG which is valued $371,400.

Hanover Insurance Group Inc closed down -0.52 points or -0.60% at $86.58 with 1,69,056 shares getting traded on Wednesday. Post opening the session at $87.3, the shares hit an intraday low of $86.38 and an intraday high of $87.396 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Hanover Insurance Group Inc reported $1.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.58. The company had revenue of $1144.30 million for the quarter, compared to analysts expectations of $1181.73 million. The company’s revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 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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