The Hanover Insurance Group, Inc. (NYSE:THG) Receives $146.00 Consensus Price Target from Brokerages

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $146.00.

Several research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Piper Sandler reissued an “overweight” rating and issued a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Oppenheimer lifted their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the completion of the sale, the executive vice president now directly owns 4,398 shares of the company’s stock, valued at approximately $597,864.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the completion of the sale, the executive vice president now directly owns 4,398 shares of the company’s stock, valued at approximately $597,864.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jane D. Carlin sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $132.25, for a total value of $147,987.75. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners boosted its stake in shares of The Hanover Insurance Group by 111.8% in the 1st quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock worth $1,739,000 after buying an additional 6,753 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of The Hanover Insurance Group in the 1st quarter worth approximately $208,000. Tidal Investments LLC purchased a new position in shares of The Hanover Insurance Group in the 1st quarter worth approximately $867,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of The Hanover Insurance Group in the 1st quarter worth approximately $261,000. Finally, Interval Partners LP purchased a new position in shares of The Hanover Insurance Group in the 1st quarter worth approximately $2,349,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Down 1.9 %

Shares of THG opened at $120.96 on Monday. The company has a market capitalization of $4.35 billion, a PE ratio of 27.12 and a beta of 0.70. The Hanover Insurance Group has a 12 month low of $103.82 and a 12 month high of $138.30. The stock’s 50-day moving average price is $130.49 and its two-hundred day moving average price is $129.33. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.66 by $0.47. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. On average, analysts anticipate that The Hanover Insurance Group will post 10.67 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, June 13th. The Hanover Insurance Group’s payout ratio is 76.23%.

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.