Yorktown Management & Research Co Inc maintained its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,000 shares of the insurance provider’s stock at the close of the second quarter. Yorktown Management & Research Co Inc’s holdings in The Hanover Insurance Group were worth $266,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The 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 in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 3.6% in the 1st 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 in the last quarter. Trust Co. of Toledo NA OH boosted its holdings in shares of The Hanover Insurance Group by 5.5% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 2,601 shares of the insurance provider’s stock valued at $231,000 after buying an additional 135 shares in the last quarter. World Asset Management Inc boosted its holdings in shares of The Hanover Insurance Group by 0.8% in the 1st 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 in the last quarter. Finally, Raymond James Trust N.A. acquired a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at $236,000. Institutional investors and hedge funds own 84.16% of the company’s stock.

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The Hanover Insurance Group, Inc. (THG) opened at 95.27 on Monday. The firm has a market cap of $4.04 billion, a PE ratio of 20.61 and a beta of 1.14. The Hanover Insurance Group, Inc. has a one year low of $74.06 and a one year high of $100.33. The stock has a 50 day moving average of $96.86 and a 200 day moving average of $90.02.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, equities analysts forecast that The Hanover Insurance Group, Inc. will post $6.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio is presently 43.29%.

In other The Hanover Insurance Group news, 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 value of $2,040,036.80. Following the completion of the transaction, the insider now owns 34,079 shares of the company’s stock, valued at $3,316,909.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group stock in a transaction on Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the completion of the transaction, the insider now directly owns 1,760 shares of the company’s stock, valued at approximately $173,500.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,630 shares of company stock valued at $4,913,611. 1.08% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on THG. Zacks Investment Research cut shares of The Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $91.00 target price on shares of The Hanover Insurance Group in a report on Thursday, September 7th. Finally, BidaskClub upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two research 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 an average price target of $97.33.

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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