The Hanover Insurance Group, Inc. (NYSE:THG) Receives $173.40 Average Price Target from Brokerages

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $173.40.

A number of research analysts have commented on the stock. Bank of America increased their price target on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a "market perform" rating in a research note on Thursday, November 7th. Piper Sandler lifted their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. JMP Securities increased 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 note on Thursday, October 31st. Finally, Oppenheimer boosted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a report on Friday, November 1st.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the company's stock in a transaction 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 transaction, the senior vice president now directly owns 3,013 shares in the company, valued at approximately $416,547.25. This represents a 14.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kathy S. Lane sold 1,884 shares of the firm's 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 disclosure for this sale can be found here. Insiders have sold a total of 41,303 shares of company stock valued at $6,306,926 in the last 90 days. Insiders own 2.40% of the company's stock.

Hedge Funds Weigh In On The Hanover Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at $26,000. Point72 Hong Kong Ltd acquired a new stake in shares of The Hanover Insurance Group in the 2nd quarter valued at approximately $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of The Hanover Insurance Group during the 2nd quarter worth approximately $42,000. Capital Performance Advisors LLP purchased a new position in The Hanover Insurance Group during the 3rd quarter valued at about $60,000. Finally, UMB Bank n.a. raised its holdings in shares of The Hanover Insurance Group by 35.4% in the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock worth $62,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company's stock.

The Hanover Insurance Group Stock Down 0.3 %

THG traded down $0.43 during midday trading on Thursday, reaching $162.13. 140,350 shares of the company were exchanged, compared to its average volume of 174,916. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 16.08 and a beta of 0.70. The company's fifty day moving average price is $150.14 and its 200 day moving average price is $138.18. The Hanover Insurance Group has a one year low of $115.69 and a one year high of $164.67.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.40. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. As a group, analysts expect that The Hanover Insurance Group will post 11.29 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is 33.73%.

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.