The Hanover Insurance Group (NYSE:THG) Reaches New 12-Month High at $139.30

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $139.30 and last traded at $137.67, with a volume of 27030 shares traded. The stock had previously closed at $137.29.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on THG. Bank of America dropped their price target on The Hanover Insurance Group from $161.00 to $158.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a "market perform" rating in a research report on Tuesday, August 13th. JMP Securities lifted their target price on The Hanover Insurance Group from $150.00 to $160.00 and gave the company a "market outperform" rating in a research report on Thursday, August 1st. Oppenheimer lifted their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. Finally, Piper Sandler upped their price target on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $152.50.

The Hanover Insurance Group Stock Up 0.0 %

The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.31. The company's 50 day moving average price is $129.91 and its two-hundred day moving average price is $130.91. The stock has a market cap of $4.94 billion, a P/E ratio of 30.78 and a beta of 0.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.88. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm earned ($1.91) earnings per share. As a group, research analysts expect that The Hanover Insurance Group, Inc. will post 10.53 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, June 13th. The Hanover Insurance Group's dividend payout ratio is currently 76.23%.

Insider Buying and Selling

In related news, Director Kathy S. Lane sold 1,884 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new position in shares of The Hanover Insurance Group in the second quarter valued at approximately $25,000. Riverview Trust Co purchased a new position in The Hanover Insurance Group in the 1st quarter valued at $31,000. Quarry LP purchased a new position in The Hanover Insurance Group in the 4th quarter valued at $34,000. 1620 Investment Advisors Inc. purchased a new stake in shares of The Hanover Insurance Group during the second quarter worth $42,000. Finally, GHP Investment Advisors Inc. raised its position in shares of The Hanover Insurance Group by 64.9% in the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider's stock valued at $54,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

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.

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