AHL Partners LLP trimmed its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 56.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,082 shares of the insurance provider’s stock after selling 69,200 shares during the quarter. AHL Partners LLP owned 0.13% of The Hanover Insurance Group worth $4,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in The Hanover Insurance Group by 8.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock worth $140,000 after acquiring an additional 120 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in The Hanover Insurance Group by 3.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock worth $231,000 after acquiring an additional 89 shares during the last quarter. Trust Co. of Toledo NA OH boosted its holdings in The Hanover Insurance Group by 5.5% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 2,601 shares of the insurance provider’s stock worth $231,000 after acquiring an additional 135 shares during the last quarter. Raymond James Trust N.A. purchased a new position in The Hanover Insurance Group during the 2nd quarter worth $236,000. Finally, World Asset Management Inc boosted its holdings in The Hanover Insurance Group by 3.8% during the 2nd quarter. World Asset Management Inc now owns 2,715 shares of the insurance provider’s stock worth $241,000 after acquiring an additional 99 shares during the last quarter. 84.16% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider J Kendall Huber sold 20,960 shares of the stock in a transaction on 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 directly owns 34,079 shares of the company’s stock, valued at $3,316,909.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John C. Roche sold 17,500 shares of the 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 sale, the insider now directly owns 42,524 shares in the company, valued at $4,082,304. The disclosure for this sale can be found here. Insiders have sold 50,630 shares of company stock worth $4,913,611 over the last ninety days. 1.08% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on THG shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $91.00 price objective on shares of The Hanover Insurance Group in a report on Friday. BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The Hanover Insurance Group presently has an average rating of “Buy” and a consensus target price of $97.33.

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The Hanover Insurance Group, Inc. (THG) opened at 97.68 on Friday. The Hanover Insurance Group, Inc. has a 12-month low of $74.60 and a 12-month high of $100.33. The firm’s 50-day moving average is $96.83 and its 200-day moving average is $90.78. The stock has a market capitalization of $4.14 billion, a P/E ratio of 21.13 and a beta of 1.13.

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 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 the consensus estimate of $1.30 billion. During the same period last year, the company earned $0.05 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. Analysts predict that The Hanover Insurance Group, Inc. will post $5.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, September 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.05%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

The Hanover Insurance Group 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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