The Hanover Insurance Group (NYSE:THG) Trading 0% Higher - Here's Why

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) was up 0% during mid-day trading on Thursday . The stock traded as high as $164.83 and last traded at $164.23. Approximately 13,803 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 174,492 shares. The stock had previously closed at $164.15.

Wall Street Analysts Forecast Growth

THG has been the subject of a number of recent research reports. Piper Sandler raised their price objective on shares of 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. Morgan Stanley began coverage on The Hanover Insurance Group in a research note on Thursday. They issued an "equal weight" rating and a $170.00 target price for the company. Oppenheimer boosted their price objective on shares of 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. Janney Montgomery Scott lowered The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a research note on Thursday, November 21st. Finally, Keefe, Bruyette & Woods lifted their price target on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a "market perform" rating in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $173.29.

The Hanover Insurance Group Trading Down 0.2 %

The firm has a market cap of $5.90 billion, a P/E ratio of 16.29 and a beta of 0.71. 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 firm has a fifty day moving average of $154.67 and a 200-day moving average of $141.09.

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, beating analysts' consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts forecast that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.90 dividend. This is a positive change from The Hanover Insurance Group's previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, December 13th. The Hanover Insurance Group's dividend payout ratio is currently 33.73%.

Insider Activity

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 300 shares of The Hanover Insurance Group stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the transaction, the executive vice president now owns 89,733 shares in the company, valued at approximately $13,459,950. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 30,551 shares of company stock worth $4,781,935. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

Hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors lifted its stake in The Hanover Insurance Group by 4.7% during the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider's stock valued at $270,000 after buying an additional 81 shares in the last quarter. Lecap Asset Management Ltd. lifted its stake in The Hanover Insurance Group by 2.0% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider's stock worth $622,000 after acquiring an additional 84 shares in the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in The Hanover Insurance Group by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider's stock valued at $2,176,000 after acquiring an additional 91 shares in the last quarter. Signaturefd LLC increased its holdings in shares of The Hanover Insurance Group by 8.7% in the 2nd quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider's stock valued at $168,000 after purchasing an additional 107 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of The Hanover Insurance Group by 35.4% in the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider's stock worth $62,000 after purchasing an additional 109 shares in the last quarter. 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.

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