Sit Investment Associates Inc. increased its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 19.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,975 shares of the insurance provider’s stock after buying an additional 800 shares during the period. Sit Investment Associates Inc.’s holdings in The Hanover Insurance Group were worth $441,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Timber Hill LLC bought a new stake in shares of The Hanover Insurance Group during the first quarter worth $212,000. Trust Co. of Toledo NA OH boosted its stake in shares of The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock worth $222,000 after buying an additional 150 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of The Hanover Insurance Group by 3.6% in the first 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 during the period. World Asset Management Inc boosted its stake in shares of The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock worth $236,000 after buying an additional 22 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 17.1% in the second quarter. LS Investment Advisors LLC now owns 3,348 shares of the insurance provider’s stock worth $297,000 after buying an additional 488 shares during the period. Hedge funds and other institutional investors own 84.13% of the company’s stock.

Shares of The Hanover Insurance Group, Inc. (NYSE THG) opened at 93.88 on Tuesday. The stock has a market capitalization of $3.99 billion, a PE ratio of 33.11 and a beta of 1.13. The Hanover Insurance Group, Inc. has a 1-year low of $74.06 and a 1-year high of $94.43. The firm has a 50-day moving average price of $88.12 and a 200-day moving average price of $87.44.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, May 3rd. The insurance provider reported $0.95 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by $0.78. The Hanover Insurance Group had a return on equity of 5.20% and a net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post $5.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, June 7th. This represents a $2.00 annualized dividend and a yield of 2.13%. The Hanover Insurance Group’s payout ratio is 70.42%.

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A number of equities research analysts recently weighed in on the company. BidaskClub upgraded The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 price objective 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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