Analysts Set The Hanover Insurance Group, Inc. (NYSE:THG) Price Target at $140.83

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $140.83.

A number of research firms recently issued reports on THG. Oppenheimer restated an "outperform" rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Friday, April 5th. 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. Piper Sandler reissued an "overweight" rating and issued a $147.00 price target on shares of The Hanover Insurance Group in a research note on Monday, April 1st. TheStreet raised The Hanover Insurance Group from a "c+" rating to a "b-" rating in a research note on Tuesday, February 27th. Finally, StockNews.com raised The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research note on Thursday, January 11th.

Insider Activity at The Hanover Insurance Group

In related news, SVP Warren E. Barnes sold 500 shares of the firm's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the completion of the transaction, the senior vice president now owns 3,612 shares of the company's stock, valued at $473,677.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On The Hanover Insurance Group

Several hedge funds have recently modified their holdings of THG. UMB Bank n.a. lifted 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 valued at $29,000 after purchasing an additional 84 shares during the last quarter. Riverview Trust Co purchased a new stake in shares of The Hanover Insurance Group during the first quarter valued at $31,000. Quarry LP purchased a new stake in shares of The Hanover Insurance Group during the fourth quarter valued at $34,000. Baystate Wealth Management LLC lifted its holdings in shares of The Hanover Insurance Group by 4,400.0% during the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider's stock valued at $44,000 after purchasing an additional 352 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of The Hanover Insurance Group during the fourth quarter valued at $65,000. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Stock Performance

Shares of NYSE THG traded down $1.76 during trading on Friday, reaching $129.59. The stock had a trading volume of 186,701 shares, compared to its average volume of 147,878. The Hanover Insurance Group has a one year low of $103.82 and a one year high of $138.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $4.66 billion, a PE ratio of 137.86 and a beta of 0.67. The firm's 50 day moving average price is $131.08 and its two-hundred day moving average price is $125.91.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share for the quarter, beating analysts' consensus estimates of $2.51 by $0.62. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.56 billion. On average, research analysts forecast that The Hanover Insurance Group will post 10.03 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.62%. The Hanover Insurance Group's dividend payout ratio is currently 361.71%.

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.