The Hanover Insurance Group (NYSE:THG) Price Target Raised to $175.00 at Piper Sandler

The Hanover Insurance Group (NYSE:THG - Get Free Report) had its price objective raised by analysts at Piper Sandler from $162.00 to $175.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the insurance provider's stock. Piper Sandler's price objective suggests a potential upside of 18.48% from the company's current price.

Other research analysts have also issued reports about the company. Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a "market perform" rating in a report on Tuesday, August 13th. JMP Securities boosted their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research report on Thursday. Bank of America raised their price target on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Finally, Oppenheimer boosted their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a report on Friday. 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 a consensus rating of "Moderate Buy" and a consensus price target of $168.20.

The Hanover Insurance Group Stock Performance

Shares of THG traded down $0.62 during trading hours on Friday, hitting $147.71. The company had a trading volume of 140,748 shares, compared to its average volume of 174,063. The business has a fifty day moving average of $147.37 and a 200-day moving average of $136.32. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 14.66 and a beta of 0.69. The Hanover Insurance Group has a 12 month low of $112.22 and a 12 month high of $155.84.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 16.09%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $0.19 earnings per share. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts anticipate that The Hanover Insurance Group will post 10.92 EPS for the current fiscal year.

Insider Activity

In related news, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other The Hanover Insurance Group 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 transaction of $252,889.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Warren E. Barnes sold 500 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $138.25, for a total transaction of $69,125.00. Following the completion of the sale, the senior vice president now owns 3,013 shares in the company, valued at approximately $416,547.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,303 shares of company stock worth $4,372,203. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of institutional investors have recently added to or reduced their stakes in THG. Boston Partners lifted its stake in shares of The Hanover Insurance Group by 111.8% in the first quarter. Boston Partners now owns 12,794 shares of the insurance provider's stock worth $1,739,000 after acquiring an additional 6,753 shares during the period. Interval Partners LP bought a new stake in shares of The Hanover Insurance Group in the 1st quarter valued at $2,349,000. BNP Paribas Financial Markets boosted its stake in shares of The Hanover Insurance Group by 65.9% in the 1st quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider's stock valued at $1,624,000 after purchasing an additional 4,738 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of The Hanover Insurance Group during the first quarter worth $867,000. Finally, Foundations Investment Advisors LLC bought a new position in The Hanover Insurance Group during the second quarter worth $681,000. 86.61% of the stock is owned by institutional investors.

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.