Northern Trust Corp lessened its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 395,174 shares of the insurance provider’s stock after selling 2,341 shares during the period. Northern Trust Corp owned about 0.93% of The Hanover Insurance Group worth $35,024,000 as of its most recent SEC filing.

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

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A number of equities analysts have recently commented on THG shares. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $91.00 price target on shares of The Hanover Insurance Group in a research note on Thursday, September 7th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $97.33.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) opened at 96.90 on Friday. The Hanover Insurance Group, Inc. has a 1-year low of $74.60 and a 1-year high of $100.33. The stock has a market cap of $4.11 billion, a P/E ratio of 20.96 and a beta of 1.13. The company’s 50-day moving average is $96.69 and its 200 day moving average is $91.07.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. Equities research analysts anticipate that The Hanover Insurance Group, Inc. will post $3.90 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was 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 company’s stock in a transaction on 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 transaction, the insider now directly owns 42,524 shares in the company, valued at approximately $4,082,304. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $98.58, for a total transaction of $253,350.60. Following the transaction, the insider now owns 1,760 shares of the company’s stock, valued at $173,500.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,630 shares of company stock valued at $4,913,611. Corporate insiders own 1.08% of the company’s stock.

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).

Institutional Ownership by Quarter for The Hanover Insurance Group (NYSE:THG)

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