The Hanover Insurance Group, Inc. (NYSE:THG)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $99.29 and last traded at $99.26, with a volume of 124,428 shares trading hands. The stock had previously closed at $98.86.

A number of research firms have recently commented on THG. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods set a $91.00 price target on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The Hanover Insurance Group has an average rating of “Buy” and an average target price of $93.00.

The stock has a 50 day moving average of $91.36 and a 200 day moving average of $88.30. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 21.39 and a beta of 1.14.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business posted $0.05 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that The Hanover Insurance Group, Inc. will post $6.16 EPS for the current year.

In related news, insider J Kendall Huber sold 20,960 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $97.33, for a total value of $2,040,036.80. Following the sale, the insider now owns 34,079 shares in the company, valued at approximately $3,316,909.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John C. Roche sold 17,500 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $96.00, for a total value of $1,680,000.00. Following the completion of the sale, 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. Corporate insiders own 1.08% of the company’s stock.

A number of large investors have recently bought and sold shares of THG. Wells Fargo & Company MN boosted its stake in The Hanover Insurance Group by 6.4% in the first quarter. Wells Fargo & Company MN now owns 17,841 shares of the insurance provider’s stock worth $1,607,000 after buying an additional 1,073 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in The Hanover Insurance Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,944 shares of the insurance provider’s stock worth $1,346,000 after buying an additional 200 shares during the period. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in The Hanover Insurance Group by 28.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 56,000 shares of the insurance provider’s stock worth $5,043,000 after buying an additional 12,362 shares during the period. First Quadrant L P CA boosted its stake in The Hanover Insurance Group by 38.4% in the first quarter. First Quadrant L P CA now owns 258,164 shares of the insurance provider’s stock worth $23,250,000 after buying an additional 71,607 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its stake in The Hanover Insurance Group by 155.8% in the first quarter. Glen Harbor Capital Management LLC now owns 9,248 shares of the insurance provider’s stock worth $833,000 after buying an additional 5,632 shares during the period. Institutional investors and hedge funds own 84.14% of the company’s stock.

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The Hanover Insurance Group Company 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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