The Hanover Insurance Group, Inc. (NYSE:THG) Receives $146.00 Average PT from Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) have received an average rating of "Moderate Buy" from the five research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $146.00.

THG has been the subject of several recent research reports. Oppenheimer upped their price target on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. JMP Securities restated 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. TheStreet upgraded shares of The Hanover Insurance Group from a "c+" rating to a "b-" rating in a research report on Tuesday, February 27th. Piper Sandler restated 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a "market perform" rating in a report on Wednesday, April 10th.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of the company's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total value of $135,940.00. Following the completion of the sale, the executive vice president now directly owns 4,398 shares of the company's stock, valued at approximately $597,864.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. lifted 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 during the last quarter. Riverview Trust Co purchased a new stake in The Hanover Insurance Group during the first quarter valued at about $31,000. Quarry LP purchased a new stake in The Hanover Insurance Group during the fourth quarter valued at about $34,000. Baystate Wealth Management LLC lifted its stake in 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 buying an additional 352 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in The Hanover Insurance Group during the fourth quarter valued at about $65,000. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Performance

THG stock traded down $0.78 during trading on Thursday, hitting $133.12. 102,433 shares of the company's stock traded hands, compared to its average volume of 160,946. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group has a 52 week low of $103.82 and a 52 week high of $138.30. The stock has a fifty day moving average price of $131.92 and a two-hundred day moving average price of $128.18. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 29.85 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.47. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. As a group, equities analysts anticipate that The Hanover Insurance Group will post 10.67 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group's payout ratio is currently 76.23%.

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.