The Hanover Insurance Group, Inc. (NYSE:THG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $173.40.

Several equities analysts recently commented on THG shares. Oppenheimer upped their target price on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Bank of America increased their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. JMP Securities boosted their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research note on Thursday, October 31st. Piper Sandler raised their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th.

Insiders Place Their Bets

In other news, SVP Warren E. Barnes sold 500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $138.25, for a total value of $69,125.00. Following the sale, the senior vice president now owns 3,013 shares in the company, valued at approximately $416,547.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Warren E. Barnes sold 500 shares of The Hanover Insurance Group stock in a transaction on Monday, August 26th. The stock was sold at an average price of $138.25, for a total value of $69,125.00. Following the completion of the sale, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at approximately $416,547.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The disclosure for this sale can be found here. Insiders sold 41,303 shares of company stock worth $6,306,926 over the last three months. 2.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of THG. Massachusetts Financial Services Co. MA lifted its holdings in The Hanover Insurance Group by 10.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock valued at $219,883,000 after buying an additional 143,339 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of The Hanover Insurance Group by 0.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 997,011 shares of the insurance provider’s stock valued at $147,667,000 after acquiring an additional 4,717 shares during the last quarter. American Century Companies Inc. raised its position in shares of The Hanover Insurance Group by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock valued at $100,607,000 after acquiring an additional 33,249 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of The Hanover Insurance Group by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 798,109 shares of the insurance provider’s stock valued at $100,111,000 after purchasing an additional 30,536 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of The Hanover Insurance Group by 14,711.0% in the 3rd quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock worth $81,823,000 after purchasing an additional 548,720 shares during the last quarter. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Down 0.9 %

THG stock opened at $162.56 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The company has a 50-day moving average of $149.82 and a two-hundred day moving average of $138.01. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 16.13 and a beta of 0.70. The Hanover Insurance Group has a 52-week low of $113.85 and a 52-week high of $164.67.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm posted $0.19 EPS. The company’s revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that The Hanover Insurance Group will post 11.29 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 33.73%.

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.