Morgan Stanley Forecasts Strong Price Appreciation for The Hanover Insurance Group (NYSE:THG) Stock

The Hanover Insurance Group (NYSE:THG - Get Free Report) had its target price increased by equities research analysts at Morgan Stanley from $165.00 to $170.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the insurance provider's stock. Morgan Stanley's price target would suggest a potential upside of 4.97% from the company's previous close.

THG has been the topic of a number of other reports. Piper Sandler raised their price target on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Bank of America boosted their price target 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. Oppenheimer increased their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 target price for the company. in a research report on Thursday, November 21st. Finally, JMP Securities upped their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the company a "market outperform" rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of "Hold" and an average target price of $175.25.

The Hanover Insurance Group Stock Performance

NYSE:THG traded down $3.16 during mid-day trading on Thursday, reaching $161.94. The company's stock had a trading volume of 208,095 shares, compared to its average volume of 220,926. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a market cap of $5.83 billion, a P/E ratio of 13.85 and a beta of 0.72. The firm's fifty day moving average price is $155.75 and its two-hundred day moving average price is $150.29. The Hanover Insurance Group has a 12-month low of $119.66 and a 12-month high of $166.98.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. On average, equities analysts forecast that The Hanover Insurance Group will post 14.11 EPS for the current fiscal year.

Institutional Trading of The Hanover Insurance Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in The Hanover Insurance Group by 61.5% in the 3rd quarter. Barclays PLC now owns 27,155 shares of the insurance provider's stock worth $4,022,000 after buying an additional 10,341 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in shares of The Hanover Insurance Group in the fourth quarter valued at about $201,000. BNP Paribas Financial Markets boosted its stake in shares of The Hanover Insurance Group by 104.4% in the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider's stock worth $1,772,000 after acquiring an additional 6,112 shares during the period. HighTower Advisors LLC grew its position in shares of The Hanover Insurance Group by 82.4% during the third quarter. HighTower Advisors LLC now owns 11,500 shares of the insurance provider's stock worth $1,702,000 after purchasing an additional 5,194 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in The Hanover Insurance Group during the 4th quarter valued at approximately $1,046,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

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.