The Hanover Insurance Group, Inc. (NYSE:THG) Receives $152.50 Average PT from Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $157.80.

A number of analysts recently issued reports on the company. JMP Securities boosted their price objective on The Hanover Insurance Group from $150.00 to $160.00 and gave the company a "market outperform" rating in a research note on Thursday, August 1st. Piper Sandler boosted their price objective on 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. Keefe, Bruyette & Woods boosted their price objective on 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. Oppenheimer boosted their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, May 3rd. Finally, Bank of America decreased 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.

The Hanover Insurance Group Stock Performance

Shares of THG traded up $3.01 during mid-day trading on Friday, hitting $146.99. The stock had a trading volume of 293,798 shares, compared to its average volume of 172,087. The firm has a market cap of $5.28 billion, a P/E ratio of 32.96 and a beta of 0.68. The business has a fifty day moving average price of $131.77 and a 200-day moving average price of $131.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39. The Hanover Insurance Group has a 52 week low of $103.82 and a 52 week high of $147.19.

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 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 analyst estimates of $1.49 billion. During the same period in the previous year, the company posted ($1.91) EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that The Hanover Insurance Group will post 10.53 EPS 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 2.31%. The ex-dividend date of this dividend was Thursday, June 13th. The Hanover Insurance Group's payout ratio is 76.23%.

Insider Buying and Selling

In other news, SVP Warren E. Barnes sold 500 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now directly owns 3,013 shares in the company, valued at approximately $416,547.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Warren E. Barnes sold 500 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now directly owns 3,013 shares in the company, valued at approximately $416,547.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kathy S. Lane sold 1,884 shares of the company'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 disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of THG. Russell Investments Group Ltd. lifted its stake in shares of The Hanover Insurance Group by 16.4% in the 4th quarter. Russell Investments Group Ltd. now owns 149,509 shares of the insurance provider's stock valued at $18,153,000 after acquiring an additional 21,058 shares during the last quarter. Retirement Systems of Alabama raised its position in The Hanover Insurance Group by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 44,790 shares of the insurance provider's stock valued at $5,438,000 after purchasing an additional 147 shares during the last quarter. Victory Capital Management Inc. raised its position in The Hanover Insurance Group by 7.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,033,560 shares of the insurance provider's stock valued at $125,495,000 after purchasing an additional 75,737 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in The Hanover Insurance Group by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 340,725 shares of the insurance provider's stock valued at $41,371,000 after purchasing an additional 10,408 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in The Hanover Insurance Group during the 4th quarter valued at approximately $91,000. Institutional investors 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.