Goelzer Investment Management Inc. lowered its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,350 shares of the insurance provider’s stock after selling 639 shares during the period. Goelzer Investment Management Inc.’s holdings in The Hanover Insurance Group were worth $3,753,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. increased its position in The Hanover Insurance Group by 8,831.8% in the first quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock worth $315,226,000 after buying an additional 3,460,996 shares in the last quarter. Citadel Advisors LLC increased its position in shares of The Hanover Insurance Group by 2,022.2% in the first quarter. Citadel Advisors LLC now owns 534,945 shares of the insurance provider’s stock worth $48,177,000 after buying an additional 509,738 shares during the period. Macquarie Group Ltd. increased its position in shares of The Hanover Insurance Group by 1,710.4% in the first quarter. Macquarie Group Ltd. now owns 369,319 shares of the insurance provider’s stock worth $33,261,000 after buying an additional 348,919 shares during the period. Boston Partners increased its position in shares of The Hanover Insurance Group by 73.4% in the first quarter. Boston Partners now owns 594,267 shares of the insurance provider’s stock worth $53,520,000 after buying an additional 251,620 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of The Hanover Insurance Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 3,870,174 shares of the insurance provider’s stock worth $348,548,000 after buying an additional 243,923 shares during the period. 84.14% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group, Inc. (THG) opened at 97.65 on Monday. The firm has a market cap of $4.15 billion, a P/E ratio of 20.97 and a beta of 1.14. The company’s 50 day moving average is $89.75 and its 200 day moving average is $87.76. The Hanover Insurance Group, Inc. has a 52-week low of $74.06 and a 52-week high of $98.03.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post $6.11 EPS for the current fiscal year.

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THG has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods restated a “sell” rating and set a $81.00 price target on shares of The Hanover Insurance Group in a research report on Friday, May 5th. Finally, BidaskClub upgraded shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The Hanover Insurance Group presently has a consensus rating of “Hold” and an average price target of $93.00.

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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