Brokerages Set The Hanover Insurance Group, Inc. (NYSE:THG) PT at $174.88

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has received an average recommendation of "Hold" from the nine analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $174.88.

Several brokerages have weighed in on THG. Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $170.00 to $176.00 and gave the company a "market perform" rating in a report on Friday, January 10th. Morgan Stanley started coverage on The Hanover Insurance Group in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $170.00 price objective on the stock. Piper Sandler raised their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, JMP Securities upped their price target on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In related news, EVP Jeffrey M. Farber sold 6,114 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $162.36, for a total value of $992,669.04. Following the completion of the transaction, the executive vice president now directly owns 54,091 shares in the company, valued at approximately $8,782,214.76. The trade was a 10.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 12,100 shares of company stock worth $1,951,223. Company insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in shares of The Hanover Insurance Group by 14,711.0% during the third quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider's stock worth $81,823,000 after acquiring an additional 548,720 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of The Hanover Insurance Group by 10.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider's stock valued at $219,883,000 after purchasing an additional 143,339 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of The Hanover Insurance Group in the second quarter valued at about $14,684,000. AQR Capital Management LLC boosted its position in shares of The Hanover Insurance Group by 116.7% during the second quarter. AQR Capital Management LLC now owns 114,643 shares of the insurance provider's stock worth $14,150,000 after buying an additional 61,738 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in The Hanover Insurance Group in the 4th quarter valued at approximately $5,276,000. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Stock Performance

NYSE:THG traded down $2.84 during trading hours on Tuesday, hitting $152.88. 134,353 shares of the company traded hands, compared to its average volume of 174,781. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 15.18 and a beta of 0.72. The firm has a 50-day moving average of $156.39 and a 200 day moving average of $148.95. The Hanover Insurance Group has a twelve month low of $119.66 and a twelve month high of $166.13.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The Hanover Insurance Group's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.19 earnings per share. On average, analysts forecast that The Hanover Insurance Group will post 11.46 EPS for the current year.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.35%. This is a boost from The Hanover Insurance Group's previous quarterly dividend of $0.85. The Hanover Insurance Group's payout ratio is currently 35.71%.

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.