The Hanover Insurance Group (NYSE:THG) Reaches New 12-Month High at $149.47

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $149.47 and last traded at $149.13, with a volume of 176075 shares changing hands. The stock had previously closed at $145.56.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. 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. JMP Securities raised their price objective on shares of 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. Piper Sandler lifted their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an "overweight" rating in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a "market perform" rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $157.80.

The Hanover Insurance Group Stock Up 1.3 %

The firm has a market cap of $5.30 billion, a PE ratio of 33.05 and a beta of 0.69. 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 business has a fifty day moving average price of $134.52 and a two-hundred day moving average price of $131.68.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting analysts' consensus estimates of $1.88. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company earned ($1.91) EPS. The firm's quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that The Hanover Insurance Group, Inc. will post 10.85 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, September 13th. The Hanover Insurance Group's payout ratio is presently 76.23%.

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Richard W. Lavey sold 8,468 shares of The Hanover Insurance Group stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $144.01, for a total value of $1,219,476.68. Following the completion of the sale, the executive vice president now owns 36,281 shares of the company's stock, valued at approximately $5,224,826.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Richard W. Lavey sold 8,468 shares of the firm's stock in a transaction that occurred 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 directly owns 36,281 shares of the company's stock, valued at approximately $5,224,826.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Warren E. Barnes sold 500 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $138.25, for a total value of $69,125.00. Following the completion of the sale, the senior vice president now owns 3,013 shares of the company's stock, valued at $416,547.25. The disclosure for this sale can be found here. Insiders sold 10,852 shares of company stock worth $1,541,491 over the last ninety days. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of THG. Charles Schwab Investment Management Inc. increased its stake in shares of The Hanover Insurance Group by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 340,725 shares of the insurance provider's stock worth $41,371,000 after purchasing an additional 10,408 shares during the period. Principal Securities Inc. bought a new position in The Hanover Insurance Group in the 4th quarter worth approximately $91,000. Dimensional Fund Advisors LP increased its position in The Hanover Insurance Group by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 760,775 shares of the insurance provider's stock worth $92,374,000 after buying an additional 14,609 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of The Hanover Insurance Group by 24.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,411 shares of the insurance provider's stock worth $414,000 after buying an additional 664 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of The Hanover Insurance Group by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 557,832 shares of the insurance provider's stock valued at $67,732,000 after acquiring an additional 12,351 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

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.