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

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been given an average rating of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $173.40.

A number of analysts recently weighed in on the stock. JMP Securities raised their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Keefe, Bruyette & Woods raised their price objective on The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Bank of America upped their target price on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Piper Sandler lifted 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. Finally, Oppenheimer upped 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.

Insider Activity

In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Jeffrey M. Farber sold 12,000 shares of The Hanover Insurance Group stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $155.08, for a total transaction of $1,860,960.00. Following the completion of the sale, the executive vice president now directly owns 66,091 shares in the company, valued at $10,249,392.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The disclosure for this sale can be found here. Insiders have sold 41,303 shares of company stock worth $6,306,926 in the last 90 days. Company insiders own 2.40% of the company’s stock.

Institutional Trading of The Hanover Insurance Group

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its holdings in The Hanover Insurance Group by 104.4% during the third quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after buying an additional 6,112 shares in the last quarter. FMR LLC increased its holdings in shares of The Hanover Insurance Group by 11.5% during the 3rd quarter. FMR LLC now owns 170,615 shares of the insurance provider’s stock valued at $25,270,000 after acquiring an additional 17,583 shares during the last quarter. Algert Global LLC raised its stake in shares of The Hanover Insurance Group by 19.5% in the 3rd quarter. Algert Global LLC now owns 10,839 shares of the insurance provider’s stock valued at $1,605,000 after acquiring an additional 1,770 shares in the last quarter. Cerity Partners LLC lifted its holdings in The Hanover Insurance Group by 23.7% in the 3rd quarter. Cerity Partners LLC now owns 5,617 shares of the insurance provider’s stock worth $832,000 after purchasing an additional 1,078 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in The Hanover Insurance Group by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 369,545 shares of the insurance provider’s stock worth $54,733,000 after purchasing an additional 17,856 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Down 0.9 %

THG opened at $162.56 on Thursday. 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 company has a market capitalization of $5.86 billion, a PE ratio of 16.13 and a beta of 0.70. The stock’s fifty day moving average is $149.82 and its 200-day moving average is $138.01. The Hanover Insurance Group has a one year low of $113.85 and a one year high of $164.67.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the business earned $0.19 earnings per share. The Hanover Insurance Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities analysts predict that The Hanover Insurance Group will post 11.29 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.09%. The Hanover Insurance Group’s payout ratio is presently 33.73%.

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.