The Hanover Insurance Group (NYSE:THG) Price Target Raised to $165.00

The Hanover Insurance Group (NYSE:THG - Get Free Report) had its target price increased by analysts at Oppenheimer from $150.00 to $165.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the insurance provider's stock. Oppenheimer's price objective would suggest a potential upside of 23.41% from the stock's previous close.

A number of other brokerages have also issued reports on THG. TheStreet upgraded The Hanover Insurance Group from a "c+" rating to a "b-" rating in a research report on Tuesday, February 27th. Piper Sandler reiterated an "overweight" rating and set a $147.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 1st. StockNews.com upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 10th. Finally, JMP Securities reiterated a "market outperform" rating and set a $150.00 price target on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $143.33.

The Hanover Insurance Group Stock Performance

NYSE:THG traded up $3.02 during midday trading on Friday, reaching $133.70. 252,072 shares of the company traded hands, compared to its average volume of 167,773. The Hanover Insurance Group has a twelve month low of $103.82 and a twelve month high of $138.00. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 29.37 and a beta of 0.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.39 and a quick ratio of 0.39. The company has a fifty day moving average price of $130.75 and a 200 day moving average price of $126.32.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.51 by $0.62. The Hanover Insurance Group had a return on equity of 7.19% and a net margin of 2.67%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.56 billion. On average, analysts expect that The Hanover Insurance Group will post 10.03 EPS for the current fiscal year.

Institutional Trading of The Hanover Insurance Group

Several hedge funds have recently added to or reduced their stakes in THG. UMB Bank n.a. raised its holdings in The Hanover Insurance Group by 55.6% in the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 84 shares in the last quarter. Riverview Trust Co acquired a new position in shares of The Hanover Insurance Group in the 1st quarter worth approximately $31,000. Quarry LP acquired a new position in shares of The Hanover Insurance Group in the 4th quarter worth approximately $34,000. Baystate Wealth Management LLC grew its position in The Hanover Insurance Group by 4,400.0% during the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider's stock worth $44,000 after acquiring an additional 352 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in The Hanover Insurance Group during the 4th quarter worth approximately $65,000. Institutional investors 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.