The Hanover Insurance Group (NYSE:THG) Given "Market Outperform" Rating at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of The Hanover Insurance Group (NYSE:THG - Free Report) in a report issued on Monday, Benzinga reports. The firm currently has a $150.00 price objective on the insurance provider's stock.

Other research analysts also recently issued research reports about the company. Piper Sandler restated an overweight rating and issued a $147.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 1st. TheStreet upgraded The Hanover Insurance Group from a c+ rating to a b- rating in a research note on Tuesday, February 27th. Oppenheimer restated an outperform rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, April 5th. Keefe, Bruyette & Woods upped 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 note on Wednesday, April 10th. Finally, StockNews.com raised The Hanover Insurance Group from a hold rating to a buy rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of Moderate Buy and a consensus price target of $140.83.

The Hanover Insurance Group Stock Down 0.5 %

The Hanover Insurance Group stock traded down $0.67 during trading on Monday, hitting $127.76. 197,240 shares of the company were exchanged, compared to its average volume of 161,901. The business's 50 day moving average is $131.59 and its 200 day moving average is $124.77. The Hanover Insurance Group has a 52 week low of $103.82 and a 52 week high of $138.00. The company has a market capitalization of $4.59 billion, a P/E ratio of 135.92 and a beta of 0.67. 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 (NYSE:THG - Get Free Report) last announced 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 firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. Analysts predict that The Hanover Insurance Group will post 10.03 earnings per share for the current 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 dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 dividend on an annualized basis and a yield of 2.66%. The Hanover Insurance Group's dividend payout ratio (DPR) is 361.71%.

Insider Buying and Selling

In related news, SVP Warren E. Barnes sold 500 shares of the 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 sale, the senior vice president now owns 3,612 shares of the company's stock, valued at approximately $473,677.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional Trading of The Hanover Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. raised its holdings in shares of 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. Advisors Asset Management Inc. raised its holdings in shares of The Hanover Insurance Group by 129.8% in the 4th quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider's stock valued at $29,000 after acquiring an additional 122 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of The Hanover Insurance Group in the 1st quarter valued at about $31,000. Quarry LP purchased a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at about $34,000. Finally, Baystate Wealth Management LLC raised its holdings in shares of The Hanover Insurance Group by 4,400.0% in the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider's stock valued at $44,000 after acquiring an additional 352 shares in the last quarter. Hedge funds and other 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.