Swiss National Bank boosted its position in shares of Hanover Insurance Group Inc (NYSE:THG) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,100 shares of the insurance provider’s stock after acquiring an additional 1,900 shares during the quarter. Swiss National Bank’s holdings in Hanover Insurance Group were worth $8,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in Hanover Insurance Group by 37.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,376 shares of the insurance provider’s stock worth $157,000 after buying an additional 376 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in Hanover Insurance Group by 0.9% during the first quarter. Ceredex Value Advisors LLC now owns 280,059 shares of the insurance provider’s stock worth $31,975,000 after buying an additional 2,423 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Hanover Insurance Group by 3.8% during the first quarter. Envestnet Asset Management Inc. now owns 13,653 shares of the insurance provider’s stock worth $1,559,000 after buying an additional 499 shares in the last quarter. Wells Fargo & Company MN grew its stake in Hanover Insurance Group by 26.9% during the first quarter. Wells Fargo & Company MN now owns 352,860 shares of the insurance provider’s stock worth $40,286,000 after buying an additional 74,895 shares in the last quarter. Finally, Claro Advisors LLC grew its stake in Hanover Insurance Group by 5.3% during the first quarter. Claro Advisors LLC now owns 7,950 shares of the insurance provider’s stock worth $908,000 after buying an additional 400 shares in the last quarter. 85.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Tuesday, May 7th. Compass Point assumed coverage on shares of Hanover Insurance Group in a research note on Friday, March 1st. They set a “buy” rating and a $118.71 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Hanover Insurance Group currently has a consensus rating of “Buy” and a consensus price target of $131.93.

In related news, insider J Kendall Huber sold 23,261 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $121.51, for a total value of $2,826,444.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann Kirkpatrick Tripp sold 1,777 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $121.57, for a total transaction of $216,029.89. Following the completion of the transaction, the executive vice president now owns 18,285 shares of the company’s stock, valued at approximately $2,222,907.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,553 shares of company stock valued at $4,076,281. 1.65% of the stock is owned by company insiders.

THG opened at $126.83 on Friday. Hanover Insurance Group Inc has a 1-year low of $104.59 and a 1-year high of $131.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $5.07 billion, a PE ratio of 18.68 and a beta of 0.65.

Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.17. Hanover Insurance Group had a net margin of 9.19% and a return on equity of 11.02%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company posted $1.54 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts expect that Hanover Insurance Group Inc will post 8.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a yield of 1.89%. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 35.35%.

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About Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.

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

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