TIAA CREF Investment Management LLC Has $7.47 Million Position in The Hanover Insurance Group, Inc. (THG)

TIAA CREF Investment Management LLC decreased its position in The Hanover Insurance Group, Inc. (NYSE:THG) by 20.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,906 shares of the insurance provider’s stock after selling 20,830 shares during the period. TIAA CREF Investment Management LLC owned 0.20% of The Hanover Insurance Group worth $7,467,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Credit Agricole S A bought a new position in The Hanover Insurance Group during the fourth quarter worth $102,000. Timber Hill LLC bought a new position in The Hanover Insurance Group during the first quarter worth $212,000. Trust Co. of Toledo NA OH increased its position in The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock worth $222,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. increased its position in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock worth $231,000 after buying an additional 89 shares in the last quarter. Finally, World Asset Management Inc increased its position in The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock worth $236,000 after buying an additional 22 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors.

The Hanover Insurance Group, Inc. (NYSE THG) traded up 1.07% during midday trading on Friday, reaching $92.41. 169,983 shares of the company were exchanged. The firm has a market cap of $3.93 billion, a P/E ratio of 32.60 and a beta of 1.13. The Hanover Insurance Group, Inc. has a one year low of $74.06 and a one year high of $92.78. The firm’s 50-day moving average is $87.57 and its 200-day moving average is $87.43.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by $0.78. The Hanover Insurance Group had a return on equity of 5.20% and a net margin of 2.45%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The Hanover Insurance Group’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that The Hanover Insurance Group, Inc. will post $5.99 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Wednesday, June 7th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 70.42%.

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A number of equities analysts have weighed in on THG shares. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 price objective for the company in a research report on Wednesday, May 17th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” 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).

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

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