Oppenheimer Reaffirms Outperform Rating for The Hanover Insurance Group (NYSE:THG)

The Hanover Insurance Group (NYSE:THG - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Oppenheimer in a note issued to investors on Friday, Benzinga reports. They presently have a $150.00 price objective on the insurance provider's stock. Oppenheimer's price target points to a potential upside of 15.20% from the stock's previous close.

THG has been the topic of several other reports. StockNews.com raised shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Thursday, January 11th. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $124.00 to $137.00 and gave the company a "market perform" rating in a research report on Tuesday, February 6th. Piper Sandler reissued an "overweight" rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday. Finally, TheStreet raised shares of The Hanover Insurance Group from a "c+" rating to a "b-" rating in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $140.00.

The Hanover Insurance Group Trading Down 0.2 %

NYSE THG traded down $0.26 during trading on Friday, hitting $130.21. The company had a trading volume of 110,999 shares, compared to its average volume of 162,545. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.32. The Hanover Insurance Group has a one year low of $103.82 and a one year high of $138.00. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 138.52 and a beta of 0.67. The company's fifty day moving average is $131.80 and its 200-day moving average is $123.85.

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 (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.62. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.56 billion. On average, sell-side analysts predict that The Hanover Insurance Group will post 10.07 earnings per share for the current year.

Insider Transactions at The Hanover Insurance Group

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

Hedge Funds Weigh In On The Hanover Insurance Group

Institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its stake in shares of The Hanover Insurance Group by 321.8% in the 3rd quarter. Comerica Bank now owns 51,519 shares of the insurance provider's stock worth $5,718,000 after purchasing an additional 39,306 shares during the period. Hsbc Holdings PLC raised its stake in The Hanover Insurance Group by 28.8% during the 3rd quarter. Hsbc Holdings PLC now owns 29,392 shares of the insurance provider's stock worth $3,290,000 after acquiring an additional 6,579 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in The Hanover Insurance Group by 547.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,500 shares of the insurance provider's stock worth $1,498,000 after acquiring an additional 11,416 shares during the period. Markel Group Inc. raised its stake in The Hanover Insurance Group by 19.6% during the 3rd quarter. Markel Group Inc. now owns 189,000 shares of the insurance provider's stock worth $20,975,000 after acquiring an additional 31,000 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in The Hanover Insurance Group during the 3rd quarter worth approximately $455,000. 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.