Lord Abbett & CO. LLC raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 10.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 589,198 shares of the insurance provider’s stock after acquiring an additional 56,665 shares during the period. Lord Abbett & CO. LLC owned about 1.39% of The Hanover Insurance Group worth $52,221,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its position in The Hanover Insurance Group by 2.5% in the second quarter. Public Employees Retirement System of Ohio now owns 21,921 shares of the insurance provider’s stock valued at $1,943,000 after acquiring an additional 531 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in The Hanover Insurance Group by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 12,770 shares of the insurance provider’s stock valued at $1,132,000 after acquiring an additional 229 shares during the last quarter. Susquehanna International Group LLP bought a new position in The Hanover Insurance Group in the second quarter valued at about $1,081,000. The Manufacturers Life Insurance Company grew its position in The Hanover Insurance Group by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 62,632 shares of the insurance provider’s stock valued at $5,551,000 after acquiring an additional 1,238 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in The Hanover Insurance Group in the second quarter valued at about $62,938,000. Hedge funds and other institutional investors own 84.16% of the company’s stock.

The Hanover Insurance Group, Inc. (THG) traded down 0.10% during mid-day trading on Thursday, hitting $98.13. The stock had a trading volume of 5,882 shares. The company’s 50 day moving average price is $96.64 and its 200 day moving average price is $91.24. The firm has a market cap of $4.16 billion, a PE ratio of 21.23 and a beta of 1.13. The Hanover Insurance Group, Inc. has a 52 week low of $74.60 and a 52 week high of $100.33.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $0.05 EPS. The Hanover Insurance Group’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts anticipate that The Hanover Insurance Group, Inc. will post $3.90 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.00 annualized dividend and a yield of 2.04%. The Hanover Insurance Group’s payout ratio is 43.29%.

In related news, insider John C. Roche sold 17,500 shares of the firm’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 transaction, the insider now directly owns 42,524 shares in the company, valued at approximately $4,082,304. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $98.58, for a total value of $253,350.60. Following the transaction, the insider now owns 1,760 shares in the company, valued at $173,500.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,630 shares of company stock worth $4,913,611. 1.08% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the company. BidaskClub upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $91.00 price target on shares of The Hanover Insurance Group in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $97.33.

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The Hanover Insurance Group 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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