Retirement Systems of Alabama raised its position in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 0.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 79,986 shares of the insurance provider’s stock after buying an additional 89 shares during the period. Retirement Systems of Alabama’s holdings in The Hanover Insurance Group were worth $7,089,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in The Hanover Insurance Group by 8,831.8% in the first 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 boosted its stake in The Hanover Insurance Group by 2,022.2% in the first 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. Macquarie Group Ltd. boosted its stake in The Hanover Insurance Group by 1,710.4% in the first 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. Boston Partners boosted its stake in The Hanover Insurance Group by 73.4% in the first quarter. Boston Partners now owns 594,267 shares of the insurance provider’s stock worth $53,520,000 after buying an additional 251,620 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in The Hanover Insurance Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 3,870,174 shares of the insurance provider’s stock worth $348,548,000 after buying an additional 243,923 shares in the last quarter. 84.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) opened at 99.59 on Tuesday. The stock has a 50 day moving average price of $92.48 and a 200 day moving average price of $88.66. The company has a market capitalization of $4.22 billion, a PE ratio of 21.55 and a beta of 1.14. The Hanover Insurance Group, Inc. has a one year low of $74.06 and a one year high of $100.33.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, topping the 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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts predict that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current year.

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THG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “sell” rating and set a $81.00 price target on shares of The Hanover Insurance Group in a report on Friday, May 5th. Zacks Investment Research cut The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, BidaskClub raised The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $93.00.

In related news, insider John C. Roche sold 17,500 shares of the company’s stock in a transaction dated 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 owns 42,524 shares in the company, valued at approximately $4,082,304. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Joseph Welzenbach sold 9,600 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $97.94, for a total transaction of $940,224.00. Following the transaction, the insider now owns 34,121 shares of the company’s stock, valued at approximately $3,341,810.74. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,060 shares of company stock valued at $4,660,261. Insiders own 1.08% of the company’s stock.

The Hanover Insurance Group Company 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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