Pioneer Investment Management Inc. raised its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 5.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 422,305 shares of the insurance provider’s stock after buying an additional 20,933 shares during the period. Pioneer Investment Management Inc. owned 0.99% of The Hanover Insurance Group worth $37,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in THG. BlackRock Inc. boosted its position in shares of 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 valued at $315,226,000 after buying an additional 3,460,996 shares in the last quarter. Citadel Advisors LLC boosted 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 valued at $48,177,000 after buying an additional 509,738 shares in the last quarter. Macquarie Group Ltd. boosted 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 valued at $33,261,000 after buying an additional 348,919 shares in the last quarter. Boston Partners boosted 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 valued at $53,520,000 after buying an additional 251,620 shares in the last quarter. Finally, Vanguard Group Inc. boosted 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 valued at $348,548,000 after buying an additional 243,923 shares in the last quarter. 84.14% of the stock is currently owned by institutional investors.

The Hanover Insurance Group, Inc. (NYSE:THG) opened at 98.52 on Wednesday. The Hanover Insurance Group, Inc. has a 52 week low of $74.06 and a 52 week high of $98.59. The company has a 50-day moving average of $89.75 and a 200-day moving average of $87.76. The company has a market capitalization of $4.19 billion, a PE ratio of 21.16 and a beta of 1.14.

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, topping the Zacks’ consensus estimate of $1.55 by $0.14. The business 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post $6.11 EPS for the current year.

WARNING: This piece of content was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/09/pioneer-investment-management-inc-acquires-20933-shares-of-the-hanover-insurance-group-inc-thg.html.

Several research analysts have recently commented on THG shares. Zacks Investment Research cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $81.00 target price on shares of The Hanover Insurance Group in a report on Friday, May 5th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $93.00.

In related news, insider J Kendall Huber sold 20,960 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the sale, the insider now owns 34,079 shares of the company’s stock, valued at approximately $3,316,909.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John C. Roche sold 17,500 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 42,524 shares in the company, valued at approximately $4,082,304. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.

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).

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

Receive News & Ratings for The Hanover Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.