Foundry Partners LLC boosted its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 117,792 shares of the insurance provider’s stock after buying an additional 2,273 shares during the period. Foundry Partners LLC’s holdings in The Hanover Insurance Group were worth $10,440,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. World Asset Management Inc raised its stake in The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock worth $236,000 after buying an additional 22 shares during the period. Creative Planning raised its stake in The Hanover Insurance Group by 1.8% in the second quarter. Creative Planning now owns 3,828 shares of the insurance provider’s stock worth $339,000 after buying an additional 69 shares during the period. Envestnet Asset Management Inc. raised its stake in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock worth $231,000 after buying an additional 89 shares during the period. State Treasurer State of Michigan raised its stake in The Hanover Insurance Group by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,250 shares of the insurance provider’s stock worth $1,554,000 after buying an additional 100 shares during the period. Finally, Bessemer Group Inc. raised its stake in The Hanover Insurance Group by 1.4% in the second quarter. Bessemer Group Inc. now owns 8,296 shares of the insurance provider’s stock worth $735,000 after buying an additional 114 shares during the period. 84.14% of the stock is currently owned by institutional investors.

The Hanover Insurance Group, Inc. (NYSE:THG) opened at 99.17 on Friday. 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 market capitalization of $4.20 billion, a price-to-earnings ratio of 21.46 and a beta of 1.14. The stock’s 50 day moving average is $92.09 and its 200-day moving average is $88.49.

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 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business posted $0.05 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current year.

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A number of research firms recently weighed in on THG. BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 price objective on the stock in a research report on Wednesday, May 17th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $93.00.

In other news, insider John C. Roche sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $96.00, for a total value of $1,680,000.00. Following the transaction, the insider now directly owns 42,524 shares in the company, valued at approximately $4,082,304. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $2,040,036.80. Following the completion of the transaction, the insider now owns 34,079 shares in the company, valued at $3,316,909.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,060 shares of company stock worth $4,660,261. Company 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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