BlackRock Inc. raised its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,518,780 shares of the insurance provider’s stock after purchasing an additional 18,596 shares during the period. BlackRock Inc. owned 8.28% of The Hanover Insurance Group worth $311,870,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OppenheimerFunds Inc. grew its position in shares of The Hanover Insurance Group by 16.7% in the first quarter. OppenheimerFunds Inc. now owns 19,473 shares of the insurance provider’s stock valued at $1,754,000 after purchasing an additional 2,786 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 10.3% during the 1st quarter. Janus Capital Management LLC now owns 8,600 shares of the insurance provider’s stock worth $775,000 after purchasing an additional 800 shares in the last quarter. Marshall Wace North America L.P. increased its stake in shares of The Hanover Insurance Group by 240.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 44,108 shares of the insurance provider’s stock worth $3,925,000 after purchasing an additional 31,161 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in shares of The Hanover Insurance Group by 4.0% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 19,105 shares of the insurance provider’s stock worth $1,720,000 after purchasing an additional 736 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of The Hanover Insurance Group by 11.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 182,978 shares of the insurance provider’s stock worth $16,479,000 after purchasing an additional 18,269 shares in the last quarter. 84.16% of the stock is currently owned by institutional investors.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) opened at 96.93 on Monday. The Hanover Insurance Group, Inc. has a 52-week low of $74.24 and a 52-week high of $100.33. The company’s 50-day moving average price is $96.95 and its 200-day moving average price is $90.09. The stock has a market cap of $4.11 billion, a PE ratio of 20.97 and a beta of 1.13.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results 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 firm had revenue of $1.27 billion for 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 firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. Analysts expect that The Hanover Insurance Group, Inc. will post $6.15 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.06%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

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In other The Hanover Insurance Group news, insider Mark Joseph Welzenbach sold 9,600 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $97.94, for a total transaction of $940,224.00. Following 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 SEC, which is available through this link. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $98.58, for a total value of $253,350.60. Following the sale, the insider now owns 1,760 shares in the company, valued at approximately $173,500.80. The disclosure for this sale can be found here. Insiders have sold a total of 50,630 shares of company stock valued at $4,913,611 in the last quarter. Insiders own 1.08% of the company’s stock.

A number of equities research analysts recently issued reports on THG shares. BidaskClub raised The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $91.00 target price on shares of The Hanover Insurance Group in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded 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 issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus 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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