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

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $175.25.

Several analysts have recently weighed in on THG shares. Morgan Stanley lifted their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods upped their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. BMO Capital Markets raised their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently bought and sold shares of THG. True Wealth Design LLC acquired a new position in shares of The Hanover Insurance Group during the third quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its stake in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock valued at $33,000 after buying an additional 102 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 90 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

THG opened at $172.81 on Wednesday. The business has a fifty day moving average of $162.48 and a 200 day moving average of $156.67. The stock has a market cap of $6.21 billion, a P/E ratio of 14.78 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group has a 52-week low of $119.66 and a 52-week high of $174.00.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate that The Hanover Insurance Group will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

About The Hanover Insurance Group

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.