The Hanover Insurance Group, Inc. (NYSE:THG) Given Average Recommendation of "Hold" by Analysts

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has received a consensus recommendation of "Hold" from the nine brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $178.00.

Several research firms recently weighed in on THG. BMO Capital Markets lifted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods dropped their target price on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th. Morgan Stanley upped their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. Finally, Piper Sandler increased their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the transaction, the chief executive officer now directly owns 124,414 shares in the company, valued at $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On The Hanover Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in The Hanover Insurance Group in the third quarter valued at about $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 91.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 102 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 90 shares during the last quarter. Eagle Bay Advisors LLC increased its position in The Hanover Insurance Group by 502.1% during the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after purchasing an additional 236 shares in the last quarter. Finally, True Wealth Design LLC increased its position in The Hanover Insurance Group by 81.7% during the 4th quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock worth $47,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 86.61% of the company's stock.

The Hanover Insurance Group Stock Performance

Shares of THG stock traded up $0.42 during trading on Friday, reaching $159.83. 280,289 shares of the company's stock were exchanged, compared to its average volume of 200,692. The firm's fifty day moving average price is $164.95 and its 200-day moving average price is $158.42. The Hanover Insurance Group has a twelve month low of $119.66 and a twelve month high of $176.16. The stock has a market capitalization of $5.74 billion, a PE ratio of 13.67 and a beta of 0.47. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. As a group, sell-side analysts anticipate that The Hanover Insurance Group will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's payout ratio is presently 30.80%.

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.