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

Hanover Insurance Group Inc (THG) : Netols Asset Management reduced its stake in Hanover Insurance Group Inc by 2.36% during the most recent quarter end. The investment management company now holds a total of 133,335 shares of Hanover Insurance Group Inc which is valued at $11.5 Million after selling 3,217 shares in Hanover Insurance Group Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Hanover Insurance Group Inc makes up approximately 2.62% of Netols Asset Management’s portfolio.

Other Hedge Funds, Including , Fuller Thaler Asset Management reduced its stake in THG by selling 900 shares or 69.23% in the most recent quarter. The Hedge Fund company now holds 400 shares of THG which is valued at $34,628.Shell Asset Management Co reduced its stake in THG by selling 2,005 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 33,527 shares of THG which is valued at $2.9 Million. Hanover Insurance Group Inc makes up approx 0.07% of Shell Asset Management Co’s portfolio.Blackrock Investment Management reduced its stake in THG by selling 8,313 shares or 5.42% in the most recent quarter. The Hedge Fund company now holds 144,946 shares of THG which is valued at $12.5 Million. Hanover Insurance Group Inc makes up approx 0.02% of Blackrock Investment Management’s portfolio. Fsi Group added THG to its portfolio by purchasing 24,943 company shares during the most recent quarter which is valued at $2.2 Million. Hanover Insurance Group Inc makes up approx 1.06% of Fsi Group’s portfolio.Teachers Advisors Inc boosted its stake in THG in the latest quarter, The investment management firm added 10,466 additional shares and now holds a total of 61,311 shares of Hanover Insurance Group Inc which is valued at $5.2 Million. Hanover Insurance Group Inc makes up approx 0.01% of Teachers Advisors Inc’s portfolio.

Hanover Insurance Group Inc opened for trading at $86.57 and hit $87.56 on the upside on Friday, eventually ending the session at $86.96, with a gain of 1.01% or 0.87 points. The heightened volatility saw the trading volume jump to 3,75,320 shares. Company has a market cap of $3,735 M.

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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