The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $148.46 and last traded at $147.11, with a volume of 18738 shares. The stock had previously closed at $146.99.
Wall Street Analyst Weigh In
THG has been the subject of several analyst reports. JMP Securities raised their price objective on The Hanover Insurance Group from $150.00 to $160.00 and gave the company a "market outperform" rating in a report on Thursday, August 1st. Bank of America dropped their price objective 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. Piper Sandler raised their target price on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a "market perform" rating in a research report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $157.80.
Check Out Our Latest Research Report on The Hanover Insurance Group
The Hanover Insurance Group Stock Performance
The stock has a market capitalization of $5.29 billion, a P/E ratio of 33.01 and a beta of 0.68. The stock's 50-day simple moving average is $132.73 and its 200 day simple moving average is $131.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, meeting analysts' consensus estimates of $1.88. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The Hanover Insurance Group's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.91) EPS. Research analysts expect that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Kathy S. Lane sold 1,884 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Richard W. Lavey sold 8,468 shares of The Hanover Insurance Group stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $144.01, for a total value of $1,219,476.68. Following the transaction, the executive vice president now owns 36,281 shares in the company, valued at approximately $5,224,826.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathy S. Lane sold 1,884 shares of the company'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 disclosure for this sale can be found here. Insiders have sold 10,852 shares of company stock valued at $1,541,491 over the last 90 days. 2.40% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of THG. Point72 Hong Kong Ltd bought a new stake in shares of The Hanover Insurance Group during the 2nd quarter valued at approximately $25,000. Riverview Trust Co acquired a new position in shares of The Hanover Insurance Group during the first quarter worth $31,000. Quarry LP bought a new position in shares of The Hanover Insurance Group in the 4th quarter valued at $34,000. 1620 Investment Advisors Inc. bought a new position in shares of The Hanover Insurance Group in the 2nd quarter valued at $42,000. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of The Hanover Insurance Group by 64.9% during the 2nd quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider's stock valued at $54,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.
About The Hanover Insurance Group
(
Get Free Report)
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.
Featured Stories
Before you consider The Hanover Insurance Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Hanover Insurance Group wasn't on the list.
While The Hanover Insurance Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
