The Hanover Insurance Group (NYSE:THG) Given New $171.00 Price Target at Keefe, Bruyette & Woods

The Hanover Insurance Group (NYSE:THG - Free Report) had its target price decreased by Keefe, Bruyette & Woods from $179.00 to $171.00 in a research report sent to investors on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider's stock.

A number of other brokerages also recently issued reports on THG. BMO Capital Markets increased their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Piper Sandler raised their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Morgan Stanley upped their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Barclays raised The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $178.00.

The Hanover Insurance Group Stock Performance

THG traded up $3.54 during midday trading on Wednesday, hitting $159.64. 91,768 shares of the company were exchanged, compared to its average volume of 199,739. The company's 50 day simple moving average is $164.96 and its 200 day simple moving average is $158.33. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 13.66 and a beta of 0.47. The Hanover Insurance Group has a 1-year low of $119.66 and a 1-year high of $176.16. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25.

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The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. As a group, sell-side analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is 30.80%.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares of the company's stock, valued at $21,772,450. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.40% of the stock is currently owned by insiders.

Institutional Trading of The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of The Hanover Insurance Group during the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 102 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock worth $42,000 after purchasing an additional 90 shares during the period. Eagle Bay Advisors LLC raised its holdings in The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock valued at $44,000 after buying an additional 236 shares during the period. Finally, Versant Capital Management Inc boosted its stake in The Hanover Insurance Group by 331.4% during the first quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock worth $53,000 after buying an additional 232 shares during the period. 86.61% of the stock is owned by institutional investors and hedge funds.

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.