Mesirow Financial Investment Management Equity Management Takes $18.94 Million Position in The Hanover Insurance Group, Inc. (THG)

Mesirow Financial Investment Management Equity Management acquired a new stake in The Hanover Insurance Group, Inc. (NYSE:THG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 195,393 shares of the insurance provider’s stock, valued at approximately $18,940,000. Mesirow Financial Investment Management Equity Management owned about 0.46% of The Hanover Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in THG. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 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 acquiring an additional 120 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in The Hanover Insurance Group in the third quarter valued at approximately $180,000. Trust Co. of Toledo NA OH lifted its holdings 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. Parametrica Management Ltd acquired a new position in The Hanover Insurance Group in the third quarter valued at approximately $235,000. Finally, Raymond James Trust N.A. acquired a new position in The Hanover Insurance Group in the second quarter valued at approximately $236,000. Hedge funds and other institutional investors own 83.98% of the company’s stock.

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The Hanover Insurance Group, Inc. (NYSE:THG) traded up 0.70% on Wednesday, reaching $99.07. The company had a trading volume of 39,877 shares. The Hanover Insurance Group, Inc. has a 52-week low of $74.60 and a 52-week high of $100.33. The stock has a 50 day moving average price of $97.69 and a 200 day moving average price of $91.94. The stock has a market capitalization of $4.20 billion, a PE ratio of 21.43 and a beta of 1.13.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $0.05 earnings per share. The Hanover Insurance Group’s revenue was up 3.6% compared to the same quarter last year. Analysts expect that The Hanover Insurance Group, Inc. will post $3.89 EPS for the current year.

THG has been the topic of a number of recent analyst reports. Zacks Investment Research cut The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated 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 The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th.

In other The Hanover Insurance Group news, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group stock in a transaction on Friday, August 25th. The shares were sold at an average price of $98.58, for a total value of $253,350.60. Following the transaction, the insider now owns 1,760 shares in the company, valued at approximately $173,500.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John C. Roche sold 17,500 shares of The Hanover Insurance Group stock in a transaction on Friday, August 4th. The shares were sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the completion of the transaction, the insider now owns 42,524 shares in the company, valued at approximately $4,082,304. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,630 shares of company stock worth $4,913,611. 1.08% of the stock is owned by company insiders.

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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