Advantus Capital Management Inc raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 4.7% during the first quarter, Holdings Channel reports. The institutional investor owned 5,447 shares of the insurance provider’s stock after buying an additional 245 shares during the period. Advantus Capital Management Inc’s holdings in The Hanover Insurance Group were worth $491,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of The Hanover Insurance Group by 2.6% in the first quarter. Principal Financial Group Inc. now owns 176,100 shares of the insurance provider’s stock worth $15,860,000 after buying an additional 4,514 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of The Hanover Insurance Group by 16.7% in the first quarter. OppenheimerFunds Inc. now owns 19,473 shares of the insurance provider’s stock worth $1,754,000 after buying an additional 2,786 shares in the last quarter. Credit Agricole S A increased its position in shares of The Hanover Insurance Group by 711.1% in the first quarter. Credit Agricole S A now owns 9,133 shares of the insurance provider’s stock worth $823,000 after buying an additional 8,007 shares in the last quarter. Rafferty Asset Management LLC acquired a new position in shares of The Hanover Insurance Group during the first quarter worth $690,000. Finally, Alliancebernstein L.P. increased its position in shares of The Hanover Insurance Group by 3.2% in the first quarter. Alliancebernstein L.P. now owns 412,297 shares of the insurance provider’s stock worth $37,131,000 after buying an additional 12,727 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) traded down 0.84% during midday trading on Tuesday, hitting $87.40. The company had a trading volume of 16,641 shares. The firm’s 50-day moving average is $84.62 and its 200-day moving average is $87.70. The Hanover Insurance Group, Inc. has a 12-month low of $74.06 and a 12-month high of $92.78. The firm has a market capitalization of $3.72 billion, a P/E ratio of 30.83 and a beta of 1.11.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by $0.78. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.22 billion. The Hanover Insurance Group had a net margin of 2.45% and a return on equity of 5.20%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.64 earnings per share. On average, analysts predict that The Hanover Insurance Group, Inc. will post $6.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The Hanover Insurance Group’s dividend payout ratio is 70.42%.

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A number of equities analysts have recently weighed in on the company. BidaskClub upgraded The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods raised The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 price target for the company in a research note on Wednesday, May 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The Hanover Insurance Group presently has an average rating of “Hold” and a consensus target price of $91.20.

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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