The Hanover Insurance Group (NYSE:THG) Stock Price Down 1.7% - Here's Why

Shares of The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) traded down 1.7% on Monday . The company traded as low as $162.17 and last traded at $162.17. 10,870 shares traded hands during trading, a decline of 94% from the average session volume of 174,799 shares. The stock had previously closed at $165.01.

Wall Street Analysts Forecast Growth

THG has been the topic of several research analyst reports. 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 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 report on Thursday, November 7th. Oppenheimer upped 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 report on Friday, November 1st. Piper Sandler raised their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, Janney Montgomery Scott downgraded shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price target for the company. in a report on Thursday, November 21st. Three 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 Hanover Insurance Group presently has a consensus rating of "Moderate Buy" and an average price target of $173.83.

The Hanover Insurance Group Stock Down 1.3 %

The company has a market capitalization of $5.87 billion, a PE ratio of 16.16 and a beta of 0.70. The stock's fifty day moving average is $153.76 and its two-hundred day moving average is $140.56. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.40. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The Hanover Insurance Group's revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. As a group, analysts predict that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.09%. The Hanover Insurance Group's dividend payout ratio is presently 33.73%.

Insider Activity

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 1,200 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $150.11, for a total value of $180,132.00. Following the completion of the transaction, the executive vice president now owns 85,983 shares in the company, valued at $12,906,908.13. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 30,551 shares of company stock valued at $4,781,935 over the last quarter. Company insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new stake in The Hanover Insurance Group during the second quarter valued at approximately $25,000. True Wealth Design LLC purchased a new position in The Hanover Insurance Group in the third quarter worth $25,000. V Square Quantitative Management LLC bought a new position in The Hanover Insurance Group in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new stake in The Hanover Insurance Group during the third quarter valued at about $30,000. Finally, 1620 Investment Advisors Inc. bought a new stake in The Hanover Insurance Group during the second quarter worth about $42,000. 86.61% of the stock is owned by 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.

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