The Hanover Insurance Group, Inc. (THG) Position Raised by Mason Street Advisors LLC

Mason Street Advisors LLC raised its stake in The Hanover Insurance Group, Inc. (NYSE:THG) by 1.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,098 shares of the insurance provider’s stock after buying an additional 242 shares during the period. Mason Street Advisors LLC’s holdings in The Hanover Insurance Group were worth $1,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of THG. Nordea Investment Management AB raised its position in shares of The Hanover Insurance Group by 877.4% in the third quarter. Nordea Investment Management AB now owns 264,878 shares of the insurance provider’s stock valued at $19,977,000 after buying an additional 237,778 shares during the last quarter. Northern Trust Corp raised its position in shares of The Hanover Insurance Group by 1.9% in the third quarter. Northern Trust Corp now owns 417,707 shares of the insurance provider’s stock valued at $31,504,000 after buying an additional 7,903 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of The Hanover Insurance Group by 27.9% in the third quarter. Principal Financial Group Inc. now owns 209,092 shares of the insurance provider’s stock valued at $15,770,000 after buying an additional 45,650 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of The Hanover Insurance Group by 9.3% in the third quarter. Pacer Advisors Inc. now owns 3,946 shares of the insurance provider’s stock valued at $298,000 after buying an additional 336 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of The Hanover Insurance Group during the third quarter valued at $400,000. Institutional investors own 84.07% of the company’s stock.

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

The Hanover Insurance Group, Inc. (NYSE THG) traded up 0.08% during mid-day trading on Friday, hitting $88.60. The stock had a trading volume of 314,519 shares. The company has a 50 day moving average price of $84.62 and a 200 day moving average price of $87.68. The Hanover Insurance Group, Inc. has a one year low of $74.06 and a one year high of $92.78. The stock has a market cap of $3.77 billion, a P/E ratio of 31.25 and a beta of 1.11.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by $0.78. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.22 billion. The Hanover Insurance Group had a net margin of 2.45% and a return on equity of 5.20%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $1.64 earnings per share. On average, equities analysts anticipate that The Hanover Insurance Group, Inc. will post $6.05 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, June 7th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 70.42%.

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THG has been the subject of a number of recent research reports. Zacks Investment Research lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. BidaskClub upgraded The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $81.00 target price on shares of The Hanover Insurance Group in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The Hanover Insurance Group has a consensus rating of “Hold” and an average target price of $91.20.

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).

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