Voya Investment Management LLC Acquires 103,837 Shares of The Hanover Insurance Group, Inc. (THG)

Voya Investment Management LLC grew its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 297.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,700 shares of the insurance provider’s stock after purchasing an additional 103,837 shares during the quarter. Voya Investment Management LLC owned approximately 0.33% of The Hanover Insurance Group worth $12,293,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in THG. Wells Fargo & Company MN boosted its stake in The Hanover Insurance Group by 6.4% during the 1st quarter. Wells Fargo & Company MN now owns 17,841 shares of the insurance provider’s stock worth $1,607,000 after purchasing an additional 1,073 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in The Hanover Insurance Group by 11.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 37,285 shares of the insurance provider’s stock worth $3,358,000 after purchasing an additional 3,902 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in The Hanover Insurance Group by 3.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock worth $231,000 after purchasing an additional 89 shares during the last quarter. SG Americas Securities LLC boosted its stake in The Hanover Insurance Group by 3.0% during the 1st quarter. SG Americas Securities LLC now owns 8,027 shares of the insurance provider’s stock worth $723,000 after purchasing an additional 235 shares during the last quarter. Finally, Credit Agricole S A boosted its stake in The Hanover Insurance Group by 711.1% during the 1st quarter. Credit Agricole S A now owns 9,133 shares of the insurance provider’s stock worth $823,000 after purchasing an additional 8,007 shares during the last quarter. 84.16% of the stock is currently owned by institutional investors.

In related news, insider Christine Bilotti-Peterson sold 2,570 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the sale, the insider now owns 1,760 shares of the company’s stock, valued at $173,500.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider J Kendall Huber sold 20,960 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $97.33, for a total value of $2,040,036.80. Following the sale, the insider now directly owns 34,079 shares in the company, valued at approximately $3,316,909.07. The disclosure for this sale can be found here. Insiders sold 50,630 shares of company stock worth $4,913,611 in the last three months. 1.08% of the stock is owned by corporate insiders.

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Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods set a $91.00 target price on shares of The Hanover Insurance Group and gave the stock a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a research note on Tuesday, September 5th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $97.33.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) opened at 98.11 on Friday. The firm’s 50-day moving average is $96.85 and its 200 day moving average is $90.73. The firm has a market cap of $4.16 billion, a PE ratio of 21.23 and a beta of 1.13. The Hanover Insurance Group, Inc. has a 52 week low of $74.60 and a 52 week high of $100.33.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The Hanover Insurance Group’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post $5.29 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 43.29%.

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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