BNP Paribas Arbitrage SA increased its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 2,199.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 375,034 shares of the insurance provider’s stock after buying an additional 358,725 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.88% of The Hanover Insurance Group worth $33,239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in The Hanover Insurance Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 3,870,174 shares of the insurance provider’s stock worth $348,548,000 after buying an additional 243,923 shares during the period. BlackRock Inc. boosted its position in The Hanover Insurance Group by 8,831.8% in the first quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock worth $315,226,000 after buying an additional 3,460,996 shares during the period. State Street Corp boosted its position in The Hanover Insurance Group by 2.5% in the first quarter. State Street Corp now owns 1,334,905 shares of the insurance provider’s stock worth $120,213,000 after buying an additional 32,230 shares during the period. LSV Asset Management boosted its position in The Hanover Insurance Group by 13.5% in the first quarter. LSV Asset Management now owns 893,056 shares of the insurance provider’s stock worth $80,428,000 after buying an additional 106,093 shares during the period. Finally, Boston Partners boosted its position in The Hanover Insurance Group by 1.2% in the second quarter. Boston Partners now owns 601,281 shares of the insurance provider’s stock worth $53,291,000 after buying an additional 7,014 shares during the period. 84.63% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group, Inc. (THG) opened at 99.63 on Thursday. The Hanover Insurance Group, Inc. has a 12-month low of $74.06 and a 12-month high of $100.33. The company has a market cap of $4.22 billion, a PE ratio of 21.56 and a beta of 1.14. The stock has a 50 day moving average of $93.21 and a 200-day moving average of $88.85.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The Hanover Insurance Group’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS. On average, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given 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 yield of 2.01%. The Hanover Insurance Group’s payout ratio is 43.29%.

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THG has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $81.00 target price on shares of The Hanover Insurance Group in a report on Friday, May 5th. BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $93.00.

In related news, insider Mark Joseph Welzenbach sold 9,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $97.94, for a total value of $940,224.00. Following the completion of the sale, the insider now owns 34,121 shares in the company, valued at approximately $3,341,810.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider J Kendall Huber sold 20,960 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $97.33, for a total value of $2,040,036.80. Following the completion of the sale, the insider now owns 34,079 shares of the company’s stock, valued at approximately $3,316,909.07. The disclosure for this sale can be found here. Insiders sold a total of 48,060 shares of company stock valued at $4,660,261 in the last 90 days. 1.08% of the stock is currently owned by corporate insiders.

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).

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

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