State Board of Administration of Florida Retirement System Acquires 5,517 Shares of The Hanover Insurance Group, Inc. (THG)

State Board of Administration of Florida Retirement System grew its holdings in The Hanover Insurance Group, Inc. (NYSE:THG) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,174 shares of the insurance provider’s stock after acquiring an additional 5,517 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.15% of The Hanover Insurance Group worth $6,220,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of The Hanover Insurance Group by 0.5% in the second quarter. Vanguard Group Inc. now owns 3,890,210 shares of the insurance provider’s stock valued at $344,789,000 after acquiring an additional 20,036 shares during the period. BlackRock Inc. boosted its position in shares of The Hanover Insurance Group by 0.5% in the second quarter. BlackRock Inc. now owns 3,518,780 shares of the insurance provider’s stock valued at $311,870,000 after acquiring an additional 18,596 shares during the period. LSV Asset Management boosted its position in shares of The Hanover Insurance Group by 0.5% in the second quarter. LSV Asset Management now owns 897,356 shares of the insurance provider’s stock valued at $79,532,000 after acquiring an additional 4,300 shares during the period. Renaissance Technologies LLC boosted its position in shares of The Hanover Insurance Group by 43.1% in the second quarter. Renaissance Technologies LLC now owns 842,900 shares of the insurance provider’s stock valued at $74,706,000 after acquiring an additional 254,000 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of The Hanover Insurance Group by 0.8% in the second quarter. Franklin Resources Inc. now owns 762,300 shares of the insurance provider’s stock valued at $67,563,000 after acquiring an additional 5,800 shares during the period. 85.98% of the stock is owned by institutional investors.

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In related news, insider Mark Joseph Welzenbach sold 5,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $103.89, for a total transaction of $519,450.00. Following the completion of the sale, the insider now owns 29,521 shares of the company’s stock, valued at $3,066,936.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the sale, the insider now directly owns 1,760 shares of the company’s stock, valued at approximately $173,500.80. The disclosure for this sale can be found here. Insiders have sold 12,293 shares of company stock valued at $1,273,864 in the last ninety days. 1.08% of the stock is currently owned by company insiders.

THG has been the subject of several recent analyst reports. Zacks Investment Research cut shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. 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 research report on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) opened at $106.66 on Tuesday. The Hanover Insurance Group, Inc. has a 52-week low of $79.23 and a 52-week high of $107.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.45 and a current ratio of 0.45. The firm has a market cap of $4,522.31, a PE ratio of 46.49 and a beta of 1.11.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.74. The Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business posted $1.83 earnings per share. The Hanover Insurance Group’s revenue was up 5.7% compared to the same quarter last year. analysts expect that The Hanover Insurance Group, Inc. will post 4.65 EPS for the current fiscal year.

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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