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

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $160.20.

Several brokerages recently issued reports on THG. Piper Sandler increased their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. JMP Securities reiterated a “market outperform” rating and set a $160.00 target price on shares of The Hanover Insurance Group in a report on Tuesday, October 15th. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Finally, Bank of America increased their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th.

The Hanover Insurance Group Stock Performance

The Hanover Insurance Group stock opened at $155.21 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group has a 12 month low of $112.22 and a 12 month high of $155.38. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 34.80 and a beta of 0.69. The stock’s 50-day moving average is $144.51 and its 200-day moving average is $135.14.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company posted ($1.91) earnings per share. The Hanover Insurance Group’s revenue was up 2.2% compared to the same quarter last year. Equities analysts anticipate that The Hanover Insurance Group will post 10.99 earnings per share 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. Stockholders of record on Friday, September 13th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 76.23%.

Insider Transactions at The Hanover Insurance Group

In related news, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $138.25, for a total value of $69,125.00. Following the sale, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at $416,547.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 8,468 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $144.01, for a total transaction of $1,219,476.68. Following the transaction, the executive vice president now owns 36,281 shares of the company’s stock, valued at $5,224,826.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $138.25, for a total value of $69,125.00. Following the completion of the sale, the senior vice president now owns 3,013 shares of the company’s stock, valued at $416,547.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,303 shares of company stock valued at $2,511,243. 2.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in shares of The Hanover Insurance Group during the second quarter worth $25,000. V Square Quantitative Management LLC acquired a new stake in The Hanover Insurance Group during the third quarter worth about $26,000. Riverview Trust Co bought a new position in The Hanover Insurance Group in the first quarter worth about $31,000. 1620 Investment Advisors Inc. acquired a new position in The Hanover Insurance Group in the second quarter valued at approximately $42,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of The Hanover Insurance Group by 64.9% during the second quarter. GHP Investment Advisors Inc. now owns 427 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

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.