The Hanover Insurance Group, Inc. (NYSE:THG) Given Average Recommendation of "Hold" by Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) have received a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $179.50.

A number of equities analysts recently issued reports on THG shares. Piper Sandler raised their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a report on Wednesday. Barclays raised The Hanover Insurance Group to a "hold" rating in a research report on Friday, January 24th. JMP Securities lifted their target price on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research note on Thursday, May 1st. Finally, Morgan Stanley upped their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th.

Insiders Place Their Bets

In related news, CEO John C. Roche sold 200 shares of The Hanover Insurance Group stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $175.01, for a total transaction of $35,002.00. Following the sale, the chief executive officer now directly owns 124,278 shares in the company, valued at $21,749,892.78. The trade was a 0.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after buying an additional 102 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of The Hanover Insurance Group by 49.5% during the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after acquiring an additional 90 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 502.1% in the 4th quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after acquiring an additional 236 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of The Hanover Insurance Group by 331.4% during the first quarter. Versant Capital Management Inc now owns 302 shares of the insurance provider's stock valued at $53,000 after purchasing an additional 232 shares during the last quarter. 86.61% of the stock is owned by institutional investors.

The Hanover Insurance Group Trading Down 0.2 %

NYSE:THG opened at $166.94 on Thursday. The stock has a fifty day moving average price of $165.54 and a 200 day moving average price of $160.06. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group has a 12-month low of $119.66 and a 12-month high of $176.16. The firm has a market cap of $6.00 billion, a PE ratio of 14.28 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $3.08 earnings per share. The business's revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

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.

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