The Hanover Insurance Group, Inc. (NYSE:THG) Receives Consensus Rating of “Moderate Buy” from Brokerages

The Hanover Insurance Group, Inc. (NYSE:THG) has earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $146.00.

THG has been the topic of several research reports. Oppenheimer boosted their price objective on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. JMP Securities restated a “market outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research note on Monday, April 15th. TheStreet upgraded The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $147.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 1st.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,119 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $132.25, for a total transaction of $147,987.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,119 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $132.25, for a total value of $147,987.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Willard T. Lee sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the sale, the executive vice president now directly owns 4,398 shares in the company, valued at $597,864.12. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of The Hanover Insurance Group by 55.6% during the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 84 shares during the last quarter. Riverview Trust Co bought a new stake in The Hanover Insurance Group during the 1st quarter worth about $31,000. Quarry LP acquired a new stake in The Hanover Insurance Group in the 4th quarter valued at about $34,000. Baystate Wealth Management LLC increased its position in The Hanover Insurance Group by 4,400.0% in the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 352 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of The Hanover Insurance Group in the fourth quarter worth about $65,000. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

THG opened at $120.84 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $131.09 and its two-hundred day moving average price is $129.42. The firm has a market capitalization of $4.34 billion, a P/E ratio of 27.09 and a beta of 0.70. The Hanover Insurance Group has a 12-month low of $103.82 and a 12-month high of $138.30.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.47. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. On average, equities analysts forecast that The Hanover Insurance Group will post 10.67 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.81%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

About The Hanover Insurance Group

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.