Teacher Retirement System of Texas grew its stake in shares of Hanover Insurance Group Inc (NYSE:THG) by 317.4% in the fourth quarter, HoldingsChannel reports. The firm owned 14,656 shares of the insurance provider’s stock after purchasing an additional 11,145 shares during the period. Teacher Retirement System of Texas’ holdings in Hanover Insurance Group were worth $1,584,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in Hanover Insurance Group by 2.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 21,921 shares of the insurance provider’s stock worth $1,943,000 after purchasing an additional 531 shares in the last quarter. Virginia Retirement Systems ET AL increased its holdings in Hanover Insurance Group by 9.0% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 7,300 shares of the insurance provider’s stock worth $708,000 after purchasing an additional 600 shares in the last quarter. Rhumbline Advisers increased its holdings in Hanover Insurance Group by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 87,016 shares of the insurance provider’s stock worth $8,434,000 after purchasing an additional 614 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Hanover Insurance Group by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,405 shares of the insurance provider’s stock worth $260,000 after purchasing an additional 669 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Hanover Insurance Group by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 6,461 shares of the insurance provider’s stock worth $626,000 after purchasing an additional 672 shares in the last quarter. 82.89% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Thursday, November 9th.
Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.15. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. Hanover Insurance Group’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.46) earnings per share. analysts anticipate that Hanover Insurance Group Inc will post 8.55 EPS for the current year.
In other news, insider Mark Lowell Keim sold 4,966 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total value of $535,334.80. Following the completion of the transaction, the insider now directly owns 4,966 shares of the company’s stock, valued at $535,334.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.08% of the company’s stock.
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About 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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