Canada Pension Plan Investment Board bought a new stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,000 shares of the insurance provider’s stock, valued at approximately $2,659,000. Canada Pension Plan Investment Board owned about 0.07% of The Hanover Insurance Group as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Timber Hill LLC purchased a new position in The Hanover Insurance Group during the first quarter valued at $212,000. Trust Co. of Toledo NA OH increased its position in 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 valued at $222,000 after buying an additional 150 shares during the period. Envestnet Asset Management Inc. increased its position in 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 valued at $231,000 after buying an additional 89 shares during the period. World Asset Management Inc increased its position in 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 valued at $236,000 after buying an additional 22 shares during the period. Finally, LS Investment Advisors LLC increased its position in The Hanover Insurance Group by 17.1% in the second quarter. LS Investment Advisors LLC now owns 3,348 shares of the insurance provider’s stock valued at $297,000 after buying an additional 488 shares during the period. Institutional investors and hedge funds own 84.63% of the company’s stock.

The Hanover Insurance Group, Inc. (NYSE:THG) opened at 98.91 on Friday. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $100.33. The stock has a market cap of $4.19 billion, a P/E ratio of 21.40 and a beta of 1.14. The company’s 50-day moving average price is $94.98 and its 200-day moving average price is $89.47.

The Hanover Insurance Group (NYSE:THG) last posted 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 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 analysts’ expectations of $1.30 billion. During the same period in the previous year, the company posted $0.05 EPS. The Hanover Insurance Group’s revenue was up 3.6% on a year-over-year basis. Equities analysts forecast that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 14th. The Hanover Insurance Group’s payout ratio is presently 43.29%.

COPYRIGHT VIOLATION WARNING: “Canada Pension Plan Investment Board Buys Shares of 30,000 The Hanover Insurance Group, Inc. (THG)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/26/canada-pension-plan-investment-board-buys-shares-of-30000-the-hanover-insurance-group-inc-thg.html.

Several research firms have recently weighed in on THG. Keefe, Bruyette & Woods set a $91.00 target price on The Hanover Insurance Group and gave the company a “hold” rating in a research report on Friday, August 4th. BidaskClub upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The Hanover Insurance Group presently has an average rating of “Buy” and a consensus price target of $93.00.

In related news, insider John C. Roche sold 17,500 shares of The Hanover Insurance Group stock in a transaction on Friday, August 4th. The shares were 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 owns 42,524 shares of the company’s stock, valued at approximately $4,082,304. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider J Kendall Huber sold 20,960 shares of The Hanover Insurance Group stock in a transaction on Monday, August 7th. The shares were sold at an average price of $97.33, for a total transaction 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 approximately $3,316,909.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,060 shares of company stock valued at $4,660,261. 1.08% of the stock is owned by company insiders.

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)

Receive News & Stock Ratings for The Hanover Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group Inc. and related stocks with our FREE daily email newsletter.