Analysts Set The Hanover Insurance Group, Inc. (NYSE:THG) PT at $179.50

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has been assigned a consensus rating of "Hold" from the nine analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $179.50.

A number of equities analysts have weighed in on the company. Piper Sandler upped their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. JMP Securities boosted their price target on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 1st. Morgan Stanley increased their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $171.00 to $173.00 and gave the company a "market perform" rating in a research report on Wednesday, May 7th. Finally, Barclays raised shares of The Hanover Insurance Group to a "hold" rating in a research note on Friday, January 24th.

Insider Transactions at The Hanover Insurance Group

In related news, EVP Bryan J. Salvatore sold 10,526 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $166.60, for a total transaction of $1,753,631.60. Following the completion of the transaction, the executive vice president now owns 25,864 shares of the company's stock, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. Roche sold 301 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the completion of the sale, the chief executive officer now owns 124,414 shares in the company, valued at $21,772,450. This represents a 0.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,027 shares of company stock worth $1,841,309 in the last ninety days. Company insiders own 2.50% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of THG. Norges Bank purchased a new position in The Hanover Insurance Group in the 4th quarter worth approximately $67,928,000. Vaughan Nelson Investment Management L.P. bought a new stake in The Hanover Insurance Group during the 1st quarter valued at $64,340,000. Franklin Resources Inc. boosted its position in The Hanover Insurance Group by 28.6% during the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider's stock valued at $188,363,000 after buying an additional 270,491 shares during the period. Wealthfront Advisers LLC purchased a new stake in The Hanover Insurance Group during the 4th quarter valued at $21,797,000. Finally, American Century Companies Inc. grew its holdings in The Hanover Insurance Group by 15.7% in the 4th quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider's stock worth $148,297,000 after acquiring an additional 130,054 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Trading Up 0.1%

THG stock traded up $0.16 during trading on Thursday, hitting $167.73. The company had a trading volume of 22,798 shares, compared to its average volume of 206,376. The firm has a 50-day moving average price of $165.31 and a 200-day moving average price of $160.53. The Hanover Insurance Group has a 12 month low of $119.66 and a 12 month high of $176.16. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 14.35 and a beta of 0.44.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last released its earnings results on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.29. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.55 billion. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.08 earnings per share. As a group, analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, March 14th. The Hanover Insurance Group's dividend payout ratio is 29.98%.

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.