The Hanover Insurance Group, Inc. (NYSE:THG) Receives $179.50 Average PT from Brokerages

Shares of The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) have been assigned an average recommendation of "Hold" from the nine research firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $179.50.

A number of research analysts have recently issued reports on the company. Wall Street Zen upgraded The Hanover Insurance Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 30th. JMP Securities upped their price objective 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. Piper Sandler lifted 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 report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their target price on shares of The Hanover Insurance Group from $171.00 to $173.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley raised their price target on shares of The Hanover Insurance Group from $163.00 to $170.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded up $2.12 during trading hours on Friday, reaching $169.62. The stock had a trading volume of 269,260 shares, compared to its average volume of 214,815. The stock's 50 day moving average is $168.68 and its 200 day moving average is $163.26. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. The Hanover Insurance Group has a twelve month low of $123.17 and a twelve month high of $178.68. The firm has a market capitalization of $6.09 billion, a PE ratio of 14.12 and a beta of 0.45.

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

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, June 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is 29.98%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Bryan J. Salvatore sold 10,526 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $166.60, for a total value of $1,753,631.60. Following the completion of the sale, the executive vice president directly owned 25,864 shares in the company, valued at $4,308,942.40. This represents a 28.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THG. Clearstead Trust LLC acquired a new stake in shares of The Hanover Insurance Group in the 1st quarter worth $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 valued at $33,000 after purchasing an additional 102 shares during the period. True Wealth Design LLC increased its position 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 worth $47,000 after purchasing an additional 138 shares during the last quarter. Versant Capital Management Inc raised its stake in 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 worth $53,000 after purchasing an additional 232 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in The Hanover Insurance Group during the first quarter worth about $53,000. 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.