Round Hill Asset Management reduced its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,007 shares of the insurance provider’s stock after selling 850 shares during the period. The Hanover Insurance Group comprises approximately 1.5% of Round Hill Asset Management’s holdings, making the stock its 17th biggest position. Round Hill Asset Management owned 0.07% of The Hanover Insurance Group worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in THG. BlackRock Inc. grew its holdings in The Hanover Insurance Group by 8,831.8% during the 1st quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock worth $315,226,000 after acquiring an additional 3,460,996 shares in the last quarter. Citadel Advisors LLC grew its holdings in The Hanover Insurance Group by 2,022.2% during the 1st quarter. Citadel Advisors LLC now owns 534,945 shares of the insurance provider’s stock worth $48,177,000 after acquiring an additional 509,738 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in The Hanover Insurance Group by 2,199.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 375,034 shares of the insurance provider’s stock worth $33,239,000 after acquiring an additional 358,725 shares in the last quarter. Macquarie Group Ltd. grew its holdings in The Hanover Insurance Group by 1,710.4% during the 1st quarter. Macquarie Group Ltd. now owns 369,319 shares of the insurance provider’s stock worth $33,261,000 after acquiring an additional 348,919 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in The Hanover Insurance Group by 63.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 716,724 shares of the insurance provider’s stock worth $63,524,000 after acquiring an additional 279,347 shares in the last quarter. 84.44% of the stock is owned by institutional investors.

Several research analysts have weighed in on THG shares. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub raised shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, 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 report on Friday, August 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $97.33.

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In other news, insider J Kendall Huber sold 20,960 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $97.33, for a total value of $2,040,036.80. Following the completion of the transaction, the insider now owns 34,079 shares in the company, valued at approximately $3,316,909.07. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Joseph Welzenbach sold 9,600 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $97.94, for a total transaction of $940,224.00. Following the completion of 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 sold 50,630 shares of company stock valued at $4,913,611. Corporate insiders own 1.08% of the company’s stock.

The Hanover Insurance Group, Inc. (NYSE:THG) traded down 0.121% on Friday, hitting $95.105. 126,548 shares of the stock traded hands. The Hanover Insurance Group, Inc. has a 12-month low of $74.06 and a 12-month high of $100.33. The stock has a 50-day moving average of $96.82 and a 200-day moving average of $89.99. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 20.577 and a beta of 1.14.

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. Analysts forecast that The Hanover Insurance Group, Inc. will post $6.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio is 43.29%.

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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