Federated Investors Inc. PA decreased its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 19.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,725 shares of the insurance provider’s stock after selling 5,359 shares during the period. Federated Investors Inc. PA owned 0.05% of The Hanover Insurance Group worth $1,925,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in THG. Oregon Public Employees Retirement Fund raised its position 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 acquiring an additional 200 shares during the period. Wells Fargo & Company MN raised its position 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 acquiring an additional 1,073 shares during the period. Great West Life Assurance Co. Can raised its position in The Hanover Insurance Group by 4.0% in the first quarter. Great West Life Assurance Co. Can now owns 25,583 shares of the insurance provider’s stock worth $2,302,000 after acquiring an additional 990 shares during the period. State Treasurer State of Michigan raised its position in The Hanover Insurance Group by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,250 shares of the insurance provider’s stock worth $1,554,000 after acquiring an additional 100 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in The Hanover Insurance Group by 4.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 57,299 shares of the insurance provider’s stock worth $5,160,000 after acquiring an additional 2,364 shares during the period. 84.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Hanover Insurance Group, Inc. (THG) opened at 92.26 on Friday. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 19.96 and a beta of 1.14. The Hanover Insurance Group, Inc. has a 52-week low of $74.06 and a 52-week high of $100.33. The stock has a 50 day moving average of $96.63 and a 200 day moving average of $89.86.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

THG has been the topic of several research reports. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub raised shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The Hanover Insurance Group has a consensus rating of “Buy” and an average target price of $96.75.

In other news, insider J Kendall Huber sold 20,960 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $97.33, for a total value of $2,040,036.80. Following the transaction, the insider now owns 34,079 shares in the company, valued at approximately $3,316,909.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the completion of the transaction, the insider now owns 1,760 shares in the company, valued at approximately $173,500.80. The disclosure for this sale can be found here. Insiders sold a total of 50,630 shares of company stock worth $4,913,611 in the last quarter. Company insiders own 1.08% 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).

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

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