The Hanover Insurance Group, Inc. (NYSE:THG) Receives $174.88 Average PT from Analysts

The Hanover Insurance Group, Inc. (NYSE:THG) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $174.88.

THG has been the topic of several research analyst reports. Bank of America lifted their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on The Hanover Insurance Group from $170.00 to $176.00 and gave the company a “market perform” rating in a research note on Friday, January 10th. Morgan Stanley assumed coverage on shares of The Hanover Insurance Group in a research note on Thursday, December 5th. They set an “equal weight” rating and a $170.00 target price on the stock. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Finally, Piper Sandler raised their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st.

Insider Activity

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $162.36, for a total value of $992,669.04. Following the transaction, the executive vice president now owns 54,091 shares of the company’s stock, valued at $8,782,214.76. This represents a 10.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 12,100 shares of company stock valued at $1,951,223 in the last 90 days. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On The Hanover Insurance Group

Large investors have recently made changes to their positions in the stock. Barclays PLC increased its holdings in The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider’s stock valued at $4,022,000 after purchasing an additional 10,341 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of The Hanover Insurance Group during the fourth quarter worth $201,000. BNP Paribas Financial Markets grew its stake in shares of The Hanover Insurance Group by 104.4% in the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after buying an additional 6,112 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of The Hanover Insurance Group by 82.4% in the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock valued at $1,702,000 after buying an additional 5,194 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at $1,046,000. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Trading Down 0.7 %

Shares of THG stock opened at $155.53 on Tuesday. The stock has a 50 day simple moving average of $156.39 and a 200-day simple moving average of $148.95. The Hanover Insurance Group has a 1-year low of $119.66 and a 1-year high of $166.13. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 15.43 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.40. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. On average, equities research analysts expect that The Hanover Insurance Group will post 11.46 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.31%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, December 13th. The Hanover Insurance Group’s payout ratio is presently 35.71%.

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.