The Hanover Insurance Group (NYSE:THG) Cut to "Hold" at StockNews.com

The Hanover Insurance Group (NYSE:THG - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Tuesday.

A number of other equities research analysts have also recently weighed in on the stock. Piper Sandler boosted their price target on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Barclays raised The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods dropped their price target on The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley lifted their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $178.00.

The Hanover Insurance Group Stock Up 3.6 %

Shares of NYSE:THG traded up $5.65 on Tuesday, hitting $163.14. 141,626 shares of the company's stock were exchanged, compared to its average volume of 202,693. The Hanover Insurance Group has a 1-year low of $119.66 and a 1-year high of $176.16. The company has a market capitalization of $5.86 billion, a PE ratio of 13.96 and a beta of 0.47. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The firm's 50-day moving average is $164.69 and its 200 day moving average is $158.88.

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

Insider Transactions at The Hanover Insurance Group

In other news, CEO John C. Roche sold 301 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following 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 legal filing with the SEC, which is available through this link. Company insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of The Hanover Insurance Group by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock valued at $1,092,000 after buying an additional 65 shares during the period. AMG National Trust Bank lifted its holdings in The Hanover Insurance Group by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider's stock valued at $1,658,000 after acquiring an additional 71 shares during the period. Ironwood Investment Management LLC lifted its holdings in The Hanover Insurance Group by 0.9% in the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider's stock valued at $1,501,000 after acquiring an additional 85 shares during the period. Venturi Wealth Management LLC boosted its position 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 worth $42,000 after purchasing an additional 90 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of The Hanover Insurance Group by 4.7% during the 4th quarter. Truist Financial Corp now owns 2,025 shares of the insurance provider's stock worth $313,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 86.61% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.