Keybank National Association OH purchased a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,914 shares of the insurance provider’s stock, valued at approximately $1,252,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in THG. Janus Henderson Group PLC acquired a new position in The Hanover Insurance Group during the second quarter worth approximately $62,938,000. Victory Capital Management Inc. acquired a new position in The Hanover Insurance Group during the third quarter worth approximately $56,542,000. Macquarie Group Ltd. increased its position in The Hanover Insurance Group by 97.6% during the second quarter. Macquarie Group Ltd. now owns 729,942 shares of the insurance provider’s stock worth $64,695,000 after buying an additional 360,623 shares during the period. BNP Paribas Arbitrage SA increased its position in The Hanover Insurance Group by 2,199.6% during the second 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 period. Finally, Ameriprise Financial Inc. increased its position in The Hanover Insurance Group by 63.9% during the second 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 period. 85.98% of the stock is currently owned by institutional investors.

In related news, insider Mark Joseph Welzenbach sold 5,000 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $103.89, for a total value of $519,450.00. Following the sale, the insider now directly owns 29,521 shares in the company, valued at $3,066,936.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $98.58, for a total value of $253,350.60. Following the completion of the sale, the insider now owns 1,760 shares in the company, valued at $173,500.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,293 shares of company stock worth $1,273,864. Company insiders own 1.08% of the company’s stock.

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods set a $91.00 target price on The Hanover Insurance Group and gave the company a “hold” rating in a report on Friday, August 4th. Zacks Investment Research raised The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $113.00 target price on the stock in a report on Tuesday, September 5th. Finally, BidaskClub raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th.

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The Hanover Insurance Group, Inc. (NYSE THG) opened at $106.66 on Tuesday. The stock has a market capitalization of $4,522.31, a P/E ratio of 46.49 and a beta of 1.11. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.26. The Hanover Insurance Group, Inc. has a twelve month low of $79.23 and a twelve month high of $107.16.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.63) by $0.74. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. The Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 earnings per share. sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 4.65 EPS for the current year.

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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