The Hanover Insurance Group (NYSE:THG) Price Target Raised to $205.00 at Piper Sandler

The Hanover Insurance Group (NYSE:THG - Get Free Report) had its target price increased by investment analysts at Piper Sandler from $190.00 to $205.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the insurance provider's stock. Piper Sandler's target price would suggest a potential upside of 18.74% from the company's current price.

A number of other equities analysts have also weighed in on THG. Morgan Stanley upped their target price on shares of 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. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a "market perform" rating in a report on Monday, February 10th. BMO Capital Markets lifted their target price 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. Finally, Barclays raised The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $179.00.

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The Hanover Insurance Group Stock Performance

Shares of THG stock traded down $2.50 during trading hours on Tuesday, reaching $172.64. 305,365 shares of the company traded hands, compared to its average volume of 193,656. The firm has a 50-day moving average price of $164.95 and a 200 day moving average price of $157.89. The company has a market cap of $6.20 billion, a P/E ratio of 14.77 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group has a 12-month low of $119.66 and a 12-month high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 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%. As a group, sell-side analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the completion of the transaction, the chief executive officer now directly owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. The trade was a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company's stock.

Institutional Trading of The Hanover Insurance Group

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider's stock worth $558,934,000 after acquiring an additional 23,565 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of The Hanover Insurance Group by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider's stock worth $230,349,000 after purchasing an additional 4,799 shares during the last quarter. State Street Corp increased its stake in The Hanover Insurance Group by 0.3% in the 3rd quarter. State Street Corp now owns 1,239,701 shares of the insurance provider's stock worth $183,612,000 after buying an additional 3,780 shares during the period. Franklin Resources Inc. lifted its holdings in The Hanover Insurance Group by 28.6% during the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock valued at $188,363,000 after buying an additional 270,491 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in The Hanover Insurance Group by 4.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider's stock valued at $168,237,000 after buying an additional 43,918 shares in the last quarter. 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.