Grace & White Inc. NY Continues to Hold Stake in The Hanover Insurance Group, Inc. (THG)

Grace & White Inc. NY maintained its position in The Hanover Insurance Group, Inc. (NYSE:THG) during the second quarter, Holdings Channel reports. The institutional investor owned 19,825 shares of the insurance provider’s stock at the end of the second quarter. Grace & White Inc. NY’s holdings in The Hanover Insurance Group were worth $1,757,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. World Asset Management Inc raised 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. Creative Planning raised its position in The Hanover Insurance Group by 1.8% in the second quarter. Creative Planning now owns 3,828 shares of the insurance provider’s stock worth $339,000 after buying an additional 69 shares in the last quarter. Envestnet Asset Management Inc. raised 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. State Treasurer State of Michigan raised its position in The Hanover Insurance Group by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,250 shares of the insurance provider’s stock worth $1,554,000 after buying an additional 100 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in The Hanover Insurance Group by 1.4% in the second quarter. Bessemer Group Inc. now owns 8,296 shares of the insurance provider’s stock worth $735,000 after buying an additional 114 shares in the last quarter. 84.05% of the stock is currently owned by institutional investors.

The Hanover Insurance Group, Inc. (NYSE THG) opened at 97.28 on Friday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 20.89 and a beta of 1.14. The Hanover Insurance Group, Inc. has a 52-week low of $74.06 and a 52-week high of $98.93. The stock has a 50 day moving average of $89.75 and a 200-day moving average of $87.76.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.85% and a net margin of 3.95%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, analysts forecast that The Hanover Insurance Group, Inc. will post $6.07 EPS for the current year.

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A number of research firms have recently commented on THG. BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. 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 target on the stock in a research report on Wednesday, May 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $90.50.

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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