Teachers Advisors LLC lessened its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 19.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,218 shares of the insurance provider’s stock after selling 11,605 shares during the period. Teachers Advisors LLC owned about 0.12% of The Hanover Insurance Group worth $4,362,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of The Hanover Insurance Group by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 3,870,174 shares of the insurance provider’s stock worth $348,548,000 after purchasing an additional 243,923 shares during the period. BlackRock Inc. lifted its position in shares of The Hanover Insurance Group by 8,831.8% in the 1st quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock worth $315,226,000 after purchasing an additional 3,460,996 shares during the period. State Street Corp lifted its position in shares of The Hanover Insurance Group by 2.5% in the 1st quarter. State Street Corp now owns 1,334,905 shares of the insurance provider’s stock worth $120,213,000 after purchasing an additional 32,230 shares during the period. LSV Asset Management lifted its position in shares of The Hanover Insurance Group by 0.5% in the 2nd quarter. LSV Asset Management now owns 897,356 shares of the insurance provider’s stock worth $79,532,000 after purchasing an additional 4,300 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of The Hanover Insurance Group by 0.8% in the 2nd quarter. Franklin Resources Inc. now owns 762,300 shares of the insurance provider’s stock worth $67,563,000 after purchasing an additional 5,800 shares during the period. 84.16% of the stock is owned by hedge funds and other institutional investors.

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In other news, insider Christine Bilotti-Peterson sold 2,570 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $98.58, for a total transaction of $253,350.60. Following the completion of the sale, the insider now owns 1,760 shares in the company, valued at approximately $173,500.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John C. Roche sold 17,500 shares of the business’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 owns 42,524 shares of the company’s stock, valued at approximately $4,082,304. The disclosure for this sale can be found here. Insiders sold 50,630 shares of company stock valued at $4,913,611 in the last quarter. 1.08% of the stock is owned by insiders.

A number of research firms recently commented on THG. Keefe, Bruyette & Woods set a $91.00 target price on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research raised shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $113.00 target price for the company in a research report on Tuesday, September 5th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $97.33.

Shares of The Hanover Insurance Group, Inc. (NYSE THG) opened at 96.87 on Friday. The company’s 50-day moving average is $96.77 and its 200-day moving average is $91.01. The Hanover Insurance Group, Inc. has a 52-week low of $74.60 and a 52-week high of $100.33. The stock has a market cap of $4.11 billion, a PE ratio of 20.96 and a beta of 1.13.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results 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 net margin of 3.95% and a return on equity of 5.83%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts anticipate that The Hanover Insurance Group, Inc. will post $3.90 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.50 dividend. The ex-dividend date was Thursday, September 14th. This represents a $2.00 dividend on an annualized basis and a yield of 2.06%. The Hanover Insurance Group’s dividend payout ratio is currently 43.29%.

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

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