Quantbot Technologies LP trimmed its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 37.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,593 shares of the insurance provider’s stock after selling 938 shares during the quarter. Quantbot Technologies LP’s holdings in The Hanover Insurance Group were worth $141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. California Public Employees Retirement System lifted its stake in shares of The Hanover Insurance Group by 1.7% in the 2nd quarter. California Public Employees Retirement System now owns 122,410 shares of the insurance provider’s stock valued at $10,849,000 after purchasing an additional 2,100 shares during the period. ETRADE Capital Management LLC lifted its stake in shares of The Hanover Insurance Group by 4.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 7,575 shares of the insurance provider’s stock valued at $671,000 after purchasing an additional 309 shares during the period. Vanguard Group Inc. lifted its stake in shares of The Hanover Insurance Group by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,890,210 shares of the insurance provider’s stock valued at $344,789,000 after purchasing an additional 20,036 shares during the period. GSA Capital Partners LLP acquired a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at about $1,149,000. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of The Hanover Insurance Group by 5.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 39,277 shares of the insurance provider’s stock valued at $3,481,000 after purchasing an additional 1,992 shares during the period. 84.16% of the stock is currently owned by institutional investors.

The Hanover Insurance Group, Inc. (NYSE THG) opened at 97.68 on Friday. The company’s 50-day moving average price is $96.83 and its 200-day moving average price is $90.78. The Hanover Insurance Group, Inc. has a 1-year low of $74.60 and a 1-year high of $100.33. The firm has a market capitalization of $4.14 billion, a P/E ratio of 21.13 and a beta of 1.13.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business posted $0.05 earnings per share. The Hanover Insurance Group’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts expect that The Hanover Insurance Group, Inc. will post $5.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, September 14th. This represents a $2.00 annualized dividend and a yield of 2.05%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

A number of research analysts recently weighed in on THG shares. 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 Friday. BidaskClub raised The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research raised The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $97.33.

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In other news, insider John C. Roche sold 17,500 shares of The Hanover Insurance Group stock in a transaction that occurred 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 $4,082,304. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group stock in a transaction that occurred 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. Insiders sold 50,630 shares of company stock valued at $4,913,611 over the last 90 days. 1.08% of the stock is currently owned by company insiders.

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).

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

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