California Public Employees Retirement System grew its stake in Hanover Insurance Group Inc (NYSE:THG) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,564 shares of the insurance provider’s stock after purchasing an additional 8,154 shares during the period. California Public Employees Retirement System owned about 0.31% of Hanover Insurance Group worth $12,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC raised its holdings in Hanover Insurance Group by 1.1% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,415 shares of the insurance provider’s stock valued at $627,000 after buying an additional 83 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hanover Insurance Group by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock valued at $140,000 after buying an additional 120 shares during the last quarter. Zacks Investment Management raised its holdings in Hanover Insurance Group by 1.3% in the 2nd quarter. Zacks Investment Management now owns 11,089 shares of the insurance provider’s stock valued at $983,000 after buying an additional 145 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Hanover Insurance Group by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,770 shares of the insurance provider’s stock valued at $1,132,000 after buying an additional 229 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in Hanover Insurance Group by 4.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 7,575 shares of the insurance provider’s stock valued at $671,000 after buying an additional 309 shares during the last quarter. Institutional investors own 83.76% of the company’s stock.

Hanover Insurance Group Inc (THG) opened at $107.53 on Tuesday. The stock has a market cap of $4,570.00, a P/E ratio of 37.21 and a beta of 1.13. Hanover Insurance Group Inc has a fifty-two week low of $79.23 and a fifty-two week high of $108.64. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.26.

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, beating analysts’ consensus estimates of ($0.63) by $0.74. Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $1.83 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. equities analysts expect that Hanover Insurance Group Inc will post 4.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.54 per share. This is a positive change from Hanover Insurance Group’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.16 annualized dividend and a yield of 2.01%. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 74.74%.

In other Hanover Insurance Group news, insider Mark Joseph Welzenbach sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $103.89, for a total transaction of $519,450.00. Following the completion of the transaction, the insider now owns 29,521 shares in the company, valued at approximately $3,066,936.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Lowell Keim sold 4,966 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total transaction of $535,334.80. Following the transaction, the insider now owns 4,966 shares of the company’s stock, valued at approximately $535,334.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,689 shares of company stock valued at $1,555,848. Company insiders own 1.08% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective for the company in a report on Wednesday, November 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $91.00 price objective on shares of Hanover Insurance Group in a report on Friday, October 6th.

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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 Hanover Insurance Group (NYSE:THG)

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