The Hanover Insurance Group (NYSE:THG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

The Hanover Insurance Group (NYSE:THG - Get Free Report) had its target price raised by equities research analysts at Keefe, Bruyette & Woods from $170.00 to $176.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 19.46% from the company's current price.

A number of other equities analysts have also recently weighed in on THG. Piper Sandler upped their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. JMP Securities increased their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a research note on Thursday, October 31st. Oppenheimer increased their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. BMO Capital Markets increased their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, Bank of America increased their target price on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $174.88.

The Hanover Insurance Group Trading Down 3.3 %

Shares of NYSE:THG traded down $5.10 during trading on Friday, reaching $147.33. 207,745 shares of the stock were exchanged, compared to its average volume of 187,124. 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 Hanover Insurance Group has a 12-month low of $119.66 and a 12-month high of $166.13. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 14.62 and a beta of 0.72. The firm's 50-day moving average price is $157.61 and its 200 day moving average price is $145.79.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $0.19 EPS. On average, sell-side analysts anticipate that The Hanover Insurance Group will post 11.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 4,800 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $150.41, for a total transaction of $721,968.00. Following the completion of the transaction, the executive vice president now directly owns 80,790 shares of the company's stock, valued at approximately $12,151,623.90. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 28,900 shares of company stock valued at $4,534,151 over the last three months. Company insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Barclays PLC increased its position in shares of The Hanover Insurance Group by 61.5% in the third quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock worth $4,022,000 after acquiring an additional 10,341 shares in the last quarter. BNP Paribas Financial Markets raised its position in The Hanover Insurance Group by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider's stock valued at $1,772,000 after buying an additional 6,112 shares during the period. HighTower Advisors LLC lifted its stake in The Hanover Insurance Group by 82.4% in the 3rd quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider's stock worth $1,702,000 after acquiring an additional 5,194 shares in the last quarter. Markel Group Inc. boosted its position in The Hanover Insurance Group by 5.8% during the 3rd quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider's stock worth $37,620,000 after acquiring an additional 14,000 shares during the period. Finally, FMR LLC boosted its holdings in shares of The Hanover Insurance Group by 11.5% during the third quarter. FMR LLC now owns 170,615 shares of the insurance provider's stock worth $25,270,000 after purchasing an additional 17,583 shares during the period. 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.