The Hanover Insurance Group's (THG) Buy (B) Rating Reiterated at Weiss Ratings

Key Points

• The Hanover Insurance Group's stock received a "buy (B)" rating from Weiss Ratings, reaffirming positive analyst sentiment.
• Multiple other firms, including Keefe, Bruyette & Woods and Citigroup, have also given the stock outperform ratings, with target prices ranging from $188.00 to $205.00.
• The company reported earnings of $4.35 per share for the latest quarter, exceeding expectations and demonstrating a 3.1% revenue increase compared to the previous year.

The Hanover Insurance Group (NYSE:THG - Get Free Report)'s stock had its "buy (b)" rating restated by analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

THG has been the topic of several other reports. Keefe, Bruyette & Woods upgraded shares of The Hanover Insurance Group from a "market perform" rating to an "outperform" rating and set a $188.00 target price on the stock in a research note on Wednesday, July 9th. Citigroup reiterated an "outperform" rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. JMP Securities set a $205.00 target price on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Finally, Morgan Stanley increased their target price on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $188.00.

The Hanover Insurance Group Stock Up 0.2%

THG opened at $174.81 on Friday. The Hanover Insurance Group has a 12 month low of $145.17 and a 12 month high of $186.46. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.25 billion, a PE ratio of 11.51 and a beta of 0.44. The company has a 50 day moving average of $176.57 and a 200 day moving average of $170.17.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its earnings results on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.07 by $1.28. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.60 billion. During the same period in the prior year, the company posted $1.88 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that The Hanover Insurance Group will post 14.37 EPS for the current year.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in The Hanover Insurance Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,635,173 shares of the insurance provider's stock worth $632,338,000 after purchasing an additional 21,221 shares during the period. Alliancebernstein L.P. raised its position in The Hanover Insurance Group by 36.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider's stock worth $217,505,000 after purchasing an additional 339,896 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in The Hanover Insurance Group by 45.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider's stock worth $157,905,000 after purchasing an additional 282,233 shares during the period. Adage Capital Partners GP L.L.C. raised its position in The Hanover Insurance Group by 52.9% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 558,000 shares of the insurance provider's stock worth $94,787,000 after purchasing an additional 193,000 shares during the period. Finally, AQR Capital Management LLC raised its position in The Hanover Insurance Group by 21.0% in the 2nd quarter. AQR Capital Management LLC now owns 553,815 shares of the insurance provider's stock worth $93,190,000 after purchasing an additional 96,006 shares during the period. Hedge funds and other institutional investors 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.

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