State Street Corp Trims Holdings in The Hanover Insurance Group, Inc. (THG)

State Street Corp decreased its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,315,736 shares of the insurance provider’s stock after selling 19,169 shares during the quarter. State Street Corp owned approximately 3.10% of The Hanover Insurance Group worth $116,614,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The Hanover Insurance Group by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock worth $140,000 after buying an additional 120 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings 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 buying an additional 89 shares in the last quarter. Trust Co. of Toledo NA OH lifted its holdings in The Hanover Insurance Group by 5.5% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 2,601 shares of the insurance provider’s stock worth $231,000 after buying an additional 135 shares in the last quarter. Raymond James Trust N.A. acquired a new position in The Hanover Insurance Group during the 2nd quarter worth $236,000. Finally, World Asset Management Inc lifted its holdings in The Hanover Insurance Group by 3.8% during the 2nd quarter. World Asset Management Inc now owns 2,715 shares of the insurance provider’s stock worth $241,000 after buying an additional 99 shares in the last quarter. 84.16% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of The Hanover Insurance Group, Inc. (NYSE:THG) opened at 98.85 on Monday. The firm’s 50 day moving average is $96.69 and its 200 day moving average is $91.37. The company has a market cap of $4.19 billion, a PE ratio of 21.39 and a beta of 1.13. The Hanover Insurance Group, Inc. has a 12 month low of $74.60 and a 12 month high of $100.33.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 3.95% and a return on equity of 5.83%. The Hanover Insurance Group’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post $3.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.02%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

In other news, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group stock in a transaction on Friday, August 25th. The shares were sold at an average price of $98.58, for a total transaction of $253,350.60. Following the transaction, the insider now owns 1,760 shares in the company, valued at $173,500.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John C. Roche sold 17,500 shares of The Hanover Insurance Group stock in a transaction on Friday, August 4th. The stock was sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the transaction, the insider now owns 42,524 shares in the company, valued at approximately $4,082,304. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,630 shares of company stock worth $4,913,611. 1.08% of the stock is owned by company insiders.

THG has been the subject of several recent research reports. Zacks Investment Research upgraded shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $91.00 target price on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, BidaskClub upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $97.33.

The Hanover Insurance Group Profile

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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