Parametrica Management Ltd purchased a new position in The Hanover Insurance Group, Inc. (NYSE:THG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,424 shares of the insurance provider’s stock, valued at approximately $235,000.

A number of other large investors have also modified their holdings of THG. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 worth $140,000 after buying an additional 120 shares during the period. Meeder Asset Management Inc. acquired a new position in The Hanover Insurance Group in the 3rd quarter worth approximately $180,000. Trust Co. of Toledo NA OH increased its holdings in 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 worth $231,000 after buying an additional 135 shares during the period. Raymond James Trust N.A. acquired a new position in The Hanover Insurance Group in the 2nd quarter worth approximately $236,000. Finally, World Asset Management Inc increased its holdings in 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 worth $241,000 after buying an additional 99 shares during the period. Institutional investors own 83.98% of the company’s stock.

In other The Hanover Insurance Group news, insider Mark Joseph Welzenbach sold 9,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $97.94, for a total value 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 legal filing with the SEC, which is available at the SEC website. Also, insider J Kendall Huber sold 20,960 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $97.33, for a total value of $2,040,036.80. Following the completion of the sale, the insider now owns 34,079 shares in the company, valued at approximately $3,316,909.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,130 shares of company stock worth $3,233,611. Insiders own 1.08% of the company’s stock.

Several equities analysts recently weighed in on THG shares. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $91.00 price target on shares of The Hanover Insurance Group in a report on Thursday, September 7th. Finally, BidaskClub upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th.

Shares of The Hanover Insurance Group, Inc. (THG) opened at $103.81 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.45 and a quick ratio of 0.46. The Hanover Insurance Group, Inc. has a 52-week low of $77.02 and a 52-week high of $106.66. The company has a market capitalization of $4,409.33, a P/E ratio of 45.33 and a beta of 1.11.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.74. The Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $1.83 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. sell-side analysts forecast that The Hanover Insurance Group, Inc. will post 4.13 earnings per share for the current year.

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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).

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

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