The Hanover Insurance Group (NYSE:THG - Free Report) had its price objective raised by Keefe, Bruyette & Woods from $176.00 to $179.00 in a research note released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider's stock.
A number of other research analysts also recently weighed in on THG. Oppenheimer upped their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. JMP Securities upped their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 31st. 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 research note on Friday, November 1st. Janney Montgomery Scott downgraded The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price target on the stock. in a research note on Thursday, November 21st. Finally, BMO Capital Markets upped their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $175.25.
Read Our Latest Stock Report on The Hanover Insurance Group
The Hanover Insurance Group Stock Performance
Shares of THG traded up $3.85 during mid-day trading on Monday, hitting $163.91. The stock had a trading volume of 194,299 shares, compared to its average volume of 222,986. The firm has a market cap of $5.91 billion, a P/E ratio of 14.02 and a beta of 0.72. The business has a fifty day moving average price of $155.61 and a 200-day moving average price of $150.76. 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 52 week low of $119.66 and a 52 week high of $166.98.
The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping the consensus estimate 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%. On average, equities research analysts expect that The Hanover Insurance Group will post 14.11 EPS for the current year.
The Hanover Insurance Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.20%. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. The ex-dividend date was Friday, December 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is currently 30.80%.
Hedge Funds Weigh In On The Hanover Insurance Group
Several hedge funds and other institutional investors have recently modified their holdings of THG. Sanctuary Advisors LLC bought a new position in shares of The Hanover Insurance Group during the 2nd quarter valued at $385,000. CWM LLC lifted its holdings in shares of The Hanover Insurance Group by 14.8% during the 3rd quarter. CWM LLC now owns 11,104 shares of the insurance provider's stock valued at $1,645,000 after buying an additional 1,435 shares during the period. UMB Bank n.a. lifted its holdings in shares of The Hanover Insurance Group by 35.4% during the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock valued at $62,000 after buying an additional 109 shares during the period. Creative Planning lifted its holdings in shares of The Hanover Insurance Group by 20.8% during the 3rd quarter. Creative Planning now owns 12,718 shares of the insurance provider's stock valued at $1,884,000 after buying an additional 2,193 shares during the period. Finally, NBC Securities Inc. lifted its holdings in shares of The Hanover Insurance Group by 221.9% during the 3rd quarter. NBC Securities Inc. now owns 589 shares of the insurance provider's stock valued at $87,000 after buying an additional 406 shares during the period. 86.61% of the stock is owned by institutional investors.
About The Hanover Insurance Group
(
Get Free Report)
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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