Utah Retirement Systems Continues to Hold Position in The Hanover Insurance Group, Inc. (THG)

Utah Retirement Systems continued to hold its stake in The Hanover Insurance Group, Inc. (NYSE:THG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,746 shares of the insurance provider’s stock at the close of the 2nd quarter. Utah Retirement Systems’ holdings in The Hanover Insurance Group were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. raised its position in The Hanover Insurance Group by 7.5% in the 2nd quarter. American Century Companies Inc. now owns 539,289 shares of the insurance provider’s stock valued at $47,797,000 after buying an additional 37,613 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in The Hanover Insurance Group by 2.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 58,657 shares of the insurance provider’s stock valued at $5,199,000 after buying an additional 1,358 shares during the last quarter. William Blair Investment Management LLC raised its position in The Hanover Insurance Group by 8.5% in the 2nd quarter. William Blair Investment Management LLC now owns 264,707 shares of the insurance provider’s stock valued at $23,461,000 after buying an additional 20,807 shares during the last quarter. Marshall Wace North America L.P. raised its position in The Hanover Insurance Group by 240.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 44,108 shares of the insurance provider’s stock valued at $3,925,000 after buying an additional 31,161 shares during the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in The Hanover Insurance Group by 27.8% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 327,524 shares of the insurance provider’s stock valued at $29,028,000 after buying an additional 71,168 shares during the last quarter. 84.44% of the stock is currently owned by institutional investors and hedge funds.

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THG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 target price on the stock in a research report on Wednesday, May 17th. They noted that the move was a valuation call. BidaskClub raised The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Zacks Investment Research lowered The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $97.33.

Shares of The Hanover Insurance Group, Inc. (NYSE THG) opened at 96.37 on Wednesday. The company has a 50-day moving average price of $96.70 and a 200-day moving average price of $89.87. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 20.85 and a beta of 1.14. The Hanover Insurance Group, Inc. has a 12 month low of $74.06 and a 12 month high of $100.33.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts forecast that The Hanover Insurance Group, Inc. will post $6.16 earnings per share for the current fiscal year.

The business 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 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 14th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 43.29%.

In other news, insider John C. Roche sold 17,500 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $96.00, for a total value of $1,680,000.00. Following the completion of the sale, the insider now directly owns 42,524 shares of the company’s stock, valued at $4,082,304. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $98.58, for a total value of $253,350.60. Following the completion of the sale, the insider now directly owns 1,760 shares of the company’s stock, valued at $173,500.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,630 shares of company stock valued at $4,913,611. 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).

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

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