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

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has received a consensus recommendation of "Hold" from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $178.00.

THG has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Barclays upgraded The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Morgan Stanley raised their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Piper Sandler upped their price objective on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods dropped their target price on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 200 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total value of $35,002.00. Following the transaction, the chief executive officer now directly owns 124,278 shares of the company's stock, valued at approximately $21,749,892.78. This trade represents a 0.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of The Hanover Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in The Hanover Insurance Group during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 91.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider's stock worth $33,000 after purchasing an additional 102 shares during the period. Venturi Wealth Management LLC raised its position in shares of The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider's stock valued at $42,000 after buying an additional 90 shares during the last quarter. Eagle Bay Advisors LLC grew its position in The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider's stock worth $44,000 after buying an additional 236 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in The Hanover Insurance Group by 81.7% during the fourth quarter. True Wealth Design LLC now owns 307 shares of the insurance provider's stock valued at $47,000 after acquiring an additional 138 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Stock Performance

Shares of NYSE:THG traded down $0.07 during trading hours on Friday, hitting $161.31. The stock had a trading volume of 22,413 shares, compared to its average volume of 201,277. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The stock's fifty day simple moving average is $164.75 and its 200 day simple moving average is $158.45. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 13.80 and a beta of 0.47. The Hanover Insurance Group has a 1-year low of $119.66 and a 1-year high of $176.16.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group's payout ratio is presently 30.80%.

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.