The Hanover Insurance Group, Inc. (NYSE:THG) Receives $185.13 Consensus Price Target from Brokerages

Key Points

• The Hanover Insurance Group has received a consensus rating of "Moderate Buy" from ten brokerages, with an average target price of $185.13.
• The company reported earnings per share of $4.35 for the last quarter, exceeding the consensus estimate significantly while generating revenue of $1.58 billion.
• A quarterly dividend of $0.90 will be paid on September 26th, representing an annualized dividend yield of 2.0%.

Shares of The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $185.1250.

Several brokerages have commented on THG. Morgan Stanley raised their target price on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Keefe, Bruyette & Woods upgraded shares of The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 price target for the company in a report on Wednesday, July 9th. Finally, Citigroup reaffirmed an "outperform" rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st.

The Hanover Insurance Group Trading Down 0.9%

Shares of THG traded down $1.63 during midday trading on Wednesday, hitting $180.47. The stock had a trading volume of 188,938 shares, compared to its average volume of 179,579. The Hanover Insurance Group has a fifty-two week low of $142.48 and a fifty-two week high of $182.64. The business has a 50-day simple moving average of $170.64 and a two-hundred day simple moving average of $168.44. The firm has a market cap of $6.46 billion, a P/E ratio of 11.88 and a beta of 0.46. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its earnings results on Wednesday, July 30th. The insurance provider reported $4.35 EPS for the quarter, topping the consensus estimate of $3.07 by $1.28. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.60 billion. During the same period last year, the company posted $1.88 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that The Hanover Insurance Group will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 12th. The Hanover Insurance Group's payout ratio is currently 23.70%.

Institutional Trading of The Hanover Insurance Group

A number of institutional investors have recently bought and sold shares of THG. Norges Bank acquired a new stake in The Hanover Insurance Group during the second quarter valued at $77,169,000. Vaughan Nelson Investment Management L.P. acquired a new stake in The Hanover Insurance Group during the first quarter valued at $64,340,000. Alliancebernstein L.P. boosted its position in The Hanover Insurance Group by 36.1% during the second quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider's stock valued at $217,505,000 after purchasing an additional 339,896 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in The Hanover Insurance Group by 45.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider's stock valued at $157,905,000 after purchasing an additional 282,233 shares during the last quarter. Finally, Woodline Partners LP boosted its position in The Hanover Insurance Group by 166.7% during the first quarter. Woodline Partners LP now owns 346,275 shares of the insurance provider's stock valued at $60,235,000 after purchasing an additional 216,427 shares during the last quarter. Institutional investors and hedge funds 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.