Suntrust Banks Inc. held its position in The Hanover Insurance Group, Inc. (NYSE:THG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,219 shares of the insurance provider’s stock at the end of the 2nd quarter. Suntrust Banks Inc. owned approximately 0.08% of The Hanover Insurance Group worth $3,032,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of THG. BlackRock Inc. increased its holdings in shares of The Hanover Insurance Group by 8,831.8% in the 1st 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 last quarter. Citadel Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 2,022.2% in the 1st quarter. Citadel Advisors LLC now owns 534,945 shares of the insurance provider’s stock worth $48,177,000 after buying an additional 509,738 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of The Hanover Insurance Group by 2,199.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 375,034 shares of the insurance provider’s stock worth $33,239,000 after buying an additional 358,725 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of The Hanover Insurance Group by 1,710.4% in the 1st quarter. Macquarie Group Ltd. now owns 369,319 shares of the insurance provider’s stock worth $33,261,000 after buying an additional 348,919 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of The Hanover Insurance Group by 63.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 716,724 shares of the insurance provider’s stock worth $63,524,000 after buying an additional 279,347 shares during the last quarter. Hedge funds and other institutional investors own 84.16% of the company’s stock.

THG has been the topic of a number of research reports. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods set a $91.00 price target on shares of The Hanover Insurance Group and gave the company a “hold” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $97.33.

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The Hanover Insurance Group, Inc. (THG) opened at 98.63 on Thursday. The company has a market capitalization of $4.18 billion, a P/E ratio of 21.34 and a beta of 1.14. The company’s 50-day moving average is $96.95 and its 200 day moving average is $90.09. The Hanover Insurance Group, Inc. has a one year low of $74.24 and a one year high of $100.33.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $0.05 earnings per share. The Hanover Insurance Group’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post $6.15 earnings per share for the current year.

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 14th. The Hanover Insurance Group’s payout ratio is currently 43.29%.

In related news, insider John C. Roche sold 17,500 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the completion of the sale, the insider now directly owns 42,524 shares in the company, valued at $4,082,304. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider J Kendall Huber sold 20,960 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the sale, the insider now owns 34,079 shares of the company’s stock, valued at $3,316,909.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,630 shares of company stock valued at $4,913,611. 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)

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