State Board of Administration of Florida Retirement System raised its holdings in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,657 shares of the insurance provider’s stock after acquiring an additional 1,358 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.14% of The Hanover Insurance Group worth $5,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of THG. Timber Hill LLC bought a new stake in The Hanover Insurance Group during the 1st quarter valued at $212,000. Trust Co. of Toledo NA OH increased its holdings in shares of The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock worth $222,000 after purchasing an additional 150 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock worth $231,000 after purchasing an additional 89 shares during the period. World Asset Management Inc increased its holdings in shares of The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock worth $236,000 after purchasing an additional 22 shares during the period. Finally, Alpine Woods Capital Investors LLC bought a new position in shares of The Hanover Insurance Group in the second quarter worth $266,000. 84.44% of the stock is currently owned by institutional investors and hedge funds.

In related news, 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 transaction of $1,680,000.00. Following the sale, the insider now directly owns 42,524 shares of the company’s stock, valued at $4,082,304. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $2,040,036.80. Following the sale, the insider now directly owns 34,079 shares in the company, valued at $3,316,909.07. The disclosure for this sale can be found here. Insiders sold 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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A number of research analysts recently commented on the company. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $81.00 target price on shares of The Hanover Insurance Group in a research note on Monday, May 15th. BidaskClub upgraded shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research upgraded shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The Hanover Insurance Group currently has a consensus rating of “Buy” and a consensus target price of $96.75.

Shares of The Hanover Insurance Group, Inc. (THG) opened at 92.11 on Wednesday. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $100.33. The company’s 50 day moving average is $96.58 and its 200 day moving average is $89.83. The company has a market cap of $3.90 billion, a P/E ratio of 19.93 and a beta of 1.14.

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, beating the Zacks’ consensus estimate 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business posted $0.05 EPS. The Hanover Insurance Group’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post $6.16 EPS for the current fiscal 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. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.17%. The Hanover Insurance Group’s 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).

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

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