Dividend Assets Capital LLC purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 147,260 shares of the insurance provider’s stock, valued at approximately $14,274,000. Dividend Assets Capital LLC owned 0.35% of The Hanover Insurance Group at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC purchased a new stake in shares of The Hanover Insurance Group in the third quarter worth $72,351,000. Candriam Luxembourg S.C.A. purchased a new stake in shares of The Hanover Insurance Group in the third quarter worth $485,000. Boston Partners raised its position in shares of The Hanover Insurance Group by 2.8% in the third quarter. Boston Partners now owns 617,944 shares of the insurance provider’s stock worth $59,898,000 after buying an additional 16,663 shares in the last quarter. Keybank National Association OH purchased a new stake in shares of The Hanover Insurance Group in the third quarter worth $1,252,000. Finally, Trillium Asset Management LLC raised its position in shares of The Hanover Insurance Group by 40.1% in the third quarter. Trillium Asset Management LLC now owns 20,474 shares of the insurance provider’s stock worth $1,985,000 after buying an additional 5,856 shares in the last quarter. 85.98% of the stock is owned by hedge funds and other institutional investors.

Shares of The Hanover Insurance Group, Inc. (NYSE THG) traded up $0.19 during mid-day trading on Tuesday, hitting $106.66. The company had a trading volume of 266,900 shares, compared to its average volume of 227,497. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.26. The Hanover Insurance Group, Inc. has a one year low of $79.23 and a one year high of $107.16. The stock has a market capitalization of $4,522.31, a P/E ratio of 46.49 and a beta of 1.11.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.74. The Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $1.83 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. sell-side analysts predict that The Hanover Insurance Group, Inc. will post 4.65 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on THG. Zacks Investment Research upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $91.00 price objective on shares of The Hanover Insurance Group in a research report on Friday, October 6th. Finally, BidaskClub upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.

In other The Hanover Insurance Group news, insider Christine Bilotti-Peterson sold 2,570 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the sale, the insider now owns 1,760 shares in the company, valued at $173,500.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Joseph Welzenbach sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $103.89, for a total value of $519,450.00. Following the sale, the insider now owns 29,521 shares in the company, valued at approximately $3,066,936.69. The disclosure for this sale can be found here. Insiders have sold 12,293 shares of company stock worth $1,273,864 in the last 90 days. Company insiders own 1.08% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Dividend Assets Capital LLC Takes $14.27 Million Position in The Hanover Insurance Group, Inc. (THG)” was posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/11/14/dividend-assets-capital-llc-takes-14-27-million-position-in-the-hanover-insurance-group-inc-thg.html.

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.