The Hanover Insurance Group, Inc. (NYSE:THG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “

Several other equities analysts have also weighed in on the stock. BidaskClub upgraded 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 set a $91.00 price objective on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $97.33.

The Hanover Insurance Group (NYSE:THG) traded up 1.35% during mid-day trading on Tuesday, reaching $98.98. 48,996 shares of the company were exchanged. The company’s 50 day moving average price is $96.80 and its 200-day moving average price is $90.85. The Hanover Insurance Group has a 12 month low of $74.60 and a 12 month high of $100.33. The stock has a market capitalization of $4.19 billion, a P/E ratio of 21.41 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, beating the Zacks’ consensus estimate of $1.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The Hanover Insurance Group’s revenue 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, equities analysts expect that The Hanover Insurance Group will post $4.50 earnings per share for the current fiscal year.

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In other news, insider Christine Bilotti-Peterson sold 2,570 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $98.58, for a total transaction of $253,350.60. Following the completion of the transaction, the insider now owns 1,760 shares in the company, valued at approximately $173,500.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider J Kendall Huber sold 20,960 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the transaction, the insider now owns 34,079 shares of the company’s stock, valued at approximately $3,316,909.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,630 shares of company stock valued at $4,913,611. Insiders own 1.08% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC boosted its position in shares of The Hanover Insurance Group by 10.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 589,198 shares of the insurance provider’s stock valued at $52,221,000 after purchasing an additional 56,665 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of The 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 valued at $1,943,000 after purchasing an additional 531 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of The Hanover Insurance Group by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,770 shares of the insurance provider’s stock valued at $1,132,000 after purchasing an additional 229 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of The Hanover Insurance Group during the 2nd quarter valued at about $1,081,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of The Hanover Insurance Group by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,632 shares of the insurance provider’s stock valued at $5,551,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors own 84.16% of the company’s stock.

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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