Nationwide Fund Advisors reduced its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 5.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,176 shares of the insurance provider’s stock after selling 4,435 shares during the period. Nationwide Fund Advisors owned approximately 0.20% of The Hanover Insurance Group worth $7,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of THG. BlackRock Inc. grew its stake 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 in the last quarter. Citadel Advisors LLC grew its stake 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 in the last quarter. BNP Paribas Arbitrage SA grew its stake 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 in the last quarter. Macquarie Group Ltd. grew its stake 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its stake 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 in the last quarter. 84.16% of the stock is owned by institutional investors and hedge funds.

In related news, insider Mark Joseph Welzenbach sold 9,600 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $97.94, for a total value of $940,224.00. Following the completion of the sale, the insider now owns 34,121 shares of the company’s stock, valued at $3,341,810.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $98.58, for a total transaction of $253,350.60. Following the completion of the sale, 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. Insiders have sold 50,630 shares of company stock valued at $4,913,611 in the last ninety days. Insiders own 1.08% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods set a $91.00 price objective on shares of The Hanover Insurance Group and gave the stock a “hold” rating in a research note on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The Hanover Insurance Group presently has an average rating of “Buy” and a consensus price target of $97.33.

Shares of The Hanover Insurance Group, Inc. (THG) opened at 96.93 on Friday. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 20.97 and a beta of 1.14. The Hanover Insurance Group, Inc. has a 12-month low of $74.24 and a 12-month high of $100.33. The stock has a 50 day moving average of $96.95 and a 200 day moving average of $90.09.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts predict that The Hanover Insurance Group, Inc. will post $6.15 earnings per share for the current fiscal year.

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

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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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