Great West Life Assurance Co. Can raised its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,151 shares of the insurance provider’s stock after buying an additional 568 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of The Hanover Insurance Group worth $2,316,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Grimes & Company Inc. increased its stake in The Hanover Insurance Group by 2.2% in the first quarter. Grimes & Company Inc. now owns 49,714 shares of the insurance provider’s stock worth $4,477,000 after buying an additional 1,075 shares during the period. State Treasurer State of Michigan increased its stake in The Hanover Insurance Group by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,250 shares of the insurance provider’s stock worth $1,554,000 after buying an additional 100 shares during the period. Wells Fargo & Company MN increased its stake in The Hanover Insurance Group by 6.4% in the first quarter. Wells Fargo & Company MN now owns 17,841 shares of the insurance provider’s stock worth $1,607,000 after buying an additional 1,073 shares during the period. Oregon Public Employees Retirement Fund increased its stake in The Hanover Insurance Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,944 shares of the insurance provider’s stock worth $1,346,000 after buying an additional 200 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp increased its stake in The Hanover Insurance Group by 28.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 56,000 shares of the insurance provider’s stock worth $5,043,000 after buying an additional 12,362 shares during the period. 84.63% of the stock is owned by hedge funds and other institutional investors.

Shares of The Hanover Insurance Group, Inc. (NYSE THG) opened at 98.33 on Thursday. The company’s 50-day moving average is $94.42 and its 200-day moving average is $89.34. The Hanover Insurance Group, Inc. has a 52-week low of $74.06 and a 52-week high of $100.33. The firm has a market cap of $4.17 billion, a P/E ratio of 21.27 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 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm posted $0.05 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.00 annualized dividend and a yield of 2.03%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

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A number of research firms recently issued reports on THG. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $91.00 target price on shares of The Hanover Insurance Group and gave the stock a “hold” rating in a research report on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $93.00.

In other news, insider John C. Roche sold 17,500 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $96.00, for a total value of $1,680,000.00. Following the completion of the sale, the insider now directly owns 42,524 shares of the company’s stock, valued at $4,082,304. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider J Kendall Huber sold 20,960 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were 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 directly owns 34,079 shares of the company’s stock, valued at $3,316,909.07. The disclosure for this sale can be found here. Insiders have sold 48,060 shares of company stock valued at $4,660,261 over the last three months. Insiders own 1.08% of the company’s stock.

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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