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

The Hanover Insurance Group logo with Finance background

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $181.38.

Several analysts have commented on THG shares. Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price for the company in a research note on Wednesday, July 9th. Wall Street Zen upgraded shares of The Hanover Insurance Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 30th. Piper Sandler upped their target price 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. Morgan Stanley increased their price objective on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, JMP Securities increased their price objective on shares of The Hanover Insurance Group from $175.00 to $185.00 and gave the company a "market outperform" rating in a report on Thursday, May 1st.

View Our Latest Analysis on THG

The Hanover Insurance Group Stock Performance

NYSE THG opened at $164.48 on Tuesday. The stock has a 50-day simple moving average of $168.31 and a two-hundred day simple moving average of $164.26. The firm has a market capitalization of $5.91 billion, a P/E ratio of 13.70 and a beta of 0.44. The Hanover Insurance Group has a fifty-two week low of $130.44 and a fifty-two week high of $178.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.29. The Hanover Insurance Group had a return on equity of 18.23% and a net margin of 6.98%. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the firm posted $3.08 EPS. The Hanover Insurance Group's revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Friday, June 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is currently 29.98%.

Insider Activity

In related news, EVP Bryan J. Salvatore sold 10,526 shares of The Hanover Insurance Group stock in a transaction dated 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 sale, the executive vice president owned 25,864 shares of the company's stock, valued at approximately $4,308,942.40. The trade was a 28.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

Institutional investors have recently made changes to their positions in the stock. Truist Financial Corp increased its position in The Hanover Insurance Group by 2.8% during the 2nd quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider's stock worth $383,000 after purchasing an additional 62 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in The Hanover Insurance Group by 0.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider's stock worth $1,092,000 after acquiring an additional 65 shares during the last quarter. HM Payson & Co. grew its holdings in The Hanover Insurance Group by 6.7% during the 1st quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider's stock worth $185,000 after acquiring an additional 67 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of The Hanover Insurance Group by 3.8% in the 1st quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider's stock valued at $315,000 after purchasing an additional 67 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of The Hanover Insurance Group by 20.3% in the 2nd quarter. UMB Bank n.a. now owns 468 shares of the insurance provider's stock valued at $79,000 after purchasing an additional 79 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

About The Hanover Insurance Group

(Get Free Report

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.

See Also

Analyst Recommendations for The Hanover Insurance Group (NYSE:THG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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