The Hanover Insurance Group, Inc. (NYSE:THG) Receives Average Recommendation of “Hold” from Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $175.25.

Several equities analysts have recently weighed in on the stock. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. JMP Securities boosted their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Piper Sandler increased their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Oppenheimer boosted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Institutional Investors Weigh In On The Hanover Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC grew its holdings in shares of The Hanover Insurance Group by 0.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider’s stock worth $1,092,000 after purchasing an additional 65 shares during the period. AMG National Trust Bank lifted its position in The Hanover Insurance Group by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after buying an additional 71 shares during the last quarter. Captrust Financial Advisors boosted its stake in The Hanover Insurance Group by 4.7% during the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock worth $270,000 after buying an additional 81 shares during the period. Lecap Asset Management Ltd. increased its position in shares of The Hanover Insurance Group by 2.0% during the third quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock valued at $622,000 after acquiring an additional 84 shares during the last quarter. Finally, Ironwood Investment Management LLC raised its stake in shares of The Hanover Insurance Group by 0.9% in the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock valued at $1,501,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Down 0.4 %

NYSE THG opened at $161.25 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The company has a fifty day simple moving average of $156.51 and a two-hundred day simple moving average of $152.59. The stock has a market cap of $5.81 billion, a P/E ratio of 13.79 and a beta of 0.72. The Hanover Insurance Group has a 12-month low of $119.66 and a 12-month high of $166.98.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. On average, analysts forecast that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is presently 30.80%.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.