Hennessy Advisors Inc. decreased its stake in The Hanover Insurance Group Inc. (NYSE:THG) by 12.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 375,200 shares of the company’s stock after selling 53,400 shares during the period. Hennessy Advisors Inc. owned approximately 0.88% of The Hanover Insurance Group worth $28,298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY increased its position in The Hanover Insurance Group by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 38,849 shares of the company’s stock valued at $3,505,000 after buying an additional 734 shares during the period. Barclays PLC increased its position in The Hanover Insurance Group by 51.8% in the first quarter. Barclays PLC now owns 12,807 shares of the company’s stock valued at $1,152,000 after buying an additional 4,368 shares during the period. BNP Paribas Arbitrage SA increased its position in The Hanover Insurance Group by 164.9% in the second quarter. BNP Paribas Arbitrage SA now owns 26,936 shares of the company’s stock valued at $2,279,000 after buying an additional 16,769 shares during the period. Breton Hill Capital Ltd. increased its position in The Hanover Insurance Group by 30.4% in the second quarter. Breton Hill Capital Ltd. now owns 7,463 shares of the company’s stock valued at $632,000 after buying an additional 1,740 shares during the period. Finally, Foundry Partners LLC bought a new position in The Hanover Insurance Group during the second quarter valued at $8,672,000. Hedge funds and other institutional investors own 81.63% of the company’s stock.

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

The Hanover Insurance Group Inc. (NYSE:THG) traded up 0.57% during mid-day trading on Tuesday, reaching $87.16. 16,808 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.71 billion, a PE ratio of 15.38 and a beta of 1.07. The firm’s 50-day moving average is $80.18 and its 200 day moving average is $80.84. The Hanover Insurance Group Inc. has a 1-year low of $74.06 and a 1-year high of $91.30.

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Several research analysts recently weighed in on THG shares. BMO Capital Markets restated an “outperform” rating and set a $94.00 price target (down previously from $99.00) on shares of The Hanover Insurance Group in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 16th. JMP Securities reiterated an “outperform” rating and issued a $95.00 price objective on shares of The Hanover Insurance Group in a report on Monday, September 12th. Finally, Sandler O’Neill began coverage on shares of The Hanover Insurance Group in a report on Monday, October 24th. They issued a “buy” rating and a $88.00 price objective for the company.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company’s primary business operations are property and casualty insurance products and services. The Company operates through four segments: Commercial Lines, Personal Lines, Chaucer and Other. The Company’s Commercial Lines product suite provides agents and customers with products designed for small, middle and specialized markets.

5 Day Chart for NYSE:THG

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