The Manufacturers Life Insurance Company Has $5.55 Million Holdings in The Hanover Insurance Group, Inc. (THG)

The Manufacturers Life Insurance Company lifted its stake in shares of The Hanover Insurance Group, Inc. (NYSE:THG) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,632 shares of the insurance provider’s stock after buying an additional 1,238 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.15% of The Hanover Insurance Group worth $5,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Hanover Insurance Group by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock valued at $140,000 after buying an additional 120 shares during the last quarter. Trust Co. of Toledo NA OH increased its stake in The Hanover Insurance Group by 5.5% in the second quarter. Trust Co. of Toledo NA OH now owns 2,601 shares of the insurance provider’s stock valued at $231,000 after acquiring an additional 135 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of The Hanover Insurance Group during the second quarter valued at about $236,000. World Asset Management Inc grew its stake in shares of The Hanover Insurance Group by 3.8% during the second quarter. World Asset Management Inc now owns 2,715 shares of the insurance provider’s stock valued at $241,000 after buying an additional 99 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of The Hanover Insurance Group in the second quarter worth about $266,000. Institutional investors own 85.98% of the company’s stock.

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In other news, insider Mark Joseph Welzenbach sold 4,723 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $106.09, for a total transaction of $501,063.07. Following the transaction, the insider now directly owns 29,244 shares in the company, valued at approximately $3,102,495.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group stock in a transaction on Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the completion of the transaction, 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 a total of 12,293 shares of company stock valued at $1,273,864 in the last quarter. 1.08% of the stock is currently owned by company insiders.

Several analysts have commented on THG shares. Zacks Investment Research upgraded shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $91.00 price objective on shares of The Hanover Insurance Group in a report on Friday, October 6th. Finally, BidaskClub upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th.

The Hanover Insurance Group, Inc. (NYSE:THG) traded up $0.19 during trading hours on Tuesday, hitting $106.66. 266,900 shares of the stock were exchanged, compared to its average volume of 227,497. The Hanover Insurance Group, Inc. has a 1 year low of $79.23 and a 1 year high of $107.16. The firm has a market capitalization of $4,522.31, a price-to-earnings ratio of 46.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.45 and a quick ratio of 0.45.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results 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 firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. The Hanover Insurance Group had a net margin of 2.37% and a return on equity of 3.35%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share. equities research analysts forecast that The Hanover Insurance Group, Inc. will post 4.65 EPS for the current fiscal year.

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).

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

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