The Hanover Insurance Group (NYSE:THG) Given New $179.00 Price Target at Keefe, Bruyette & Woods

The Hanover Insurance Group (NYSE:THG) had its target price upped by Keefe, Bruyette & Woods from $176.00 to $179.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Other research analysts have also issued research reports about the company. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. BMO Capital Markets raised their price target on shares of 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. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price on the stock. in a research note on Thursday, November 21st. Finally, JMP Securities upped their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $175.25.

The Hanover Insurance Group Stock Down 1.9 %

Shares of THG opened at $161.94 on Monday. The firm has a market cap of $5.83 billion, a P/E ratio of 13.85 and a beta of 0.72. The Hanover Insurance Group has a 12 month low of $119.66 and a 12 month high of $166.98. The stock’s 50 day moving average is $155.74 and its two-hundred day moving average is $150.51. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data 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%. Analysts predict that The Hanover Insurance Group will post 14.11 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, December 13th. The Hanover Insurance Group’s payout ratio is 30.80%.

Hedge Funds Weigh In On The Hanover Insurance Group

Hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in The Hanover Insurance Group by 9.0% in the fourth quarter. Parallel Advisors LLC now owns 3,501 shares of the insurance provider’s stock valued at $542,000 after purchasing an additional 288 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at $72,000. Envestnet Portfolio Solutions Inc. lifted its stake in The Hanover Insurance Group by 9.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,276 shares of the insurance provider’s stock worth $971,000 after acquiring an additional 517 shares in the last quarter. Ironwood Investment Management LLC boosted its holdings in The Hanover Insurance Group by 0.9% during the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock valued at $1,501,000 after acquiring an additional 85 shares during the period. Finally, Vestcor Inc grew its position in The Hanover Insurance Group by 1,526.6% in the 4th quarter. Vestcor Inc now owns 16,233 shares of the insurance provider’s stock valued at $2,511,000 after acquiring an additional 15,235 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

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.