The Hanover Insurance Group, Inc. (NYSE:THG) Receives $175.25 Average PT from Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have received an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $175.25.

A number of brokerages have issued reports on THG. Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. BMO Capital Markets upped their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Morgan Stanley upped their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research note on Monday, February 10th.

Institutional Trading of The Hanover Insurance Group

Several large investors have recently modified their holdings of THG. True Wealth Design LLC bought a new stake in The Hanover Insurance Group during the third quarter valued at about $25,000. Wilmington Savings Fund Society FSB bought a new stake in The Hanover Insurance Group during the third quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its holdings in The Hanover Insurance Group by 91.9% during 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. Venturi Wealth Management LLC grew its holdings in The Hanover Insurance Group by 49.5% during the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 90 shares during the period. Finally, Eagle Bay Advisors LLC grew its holdings in The Hanover Insurance Group by 502.1% during the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 236 shares during the period. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Down 0.5 %

Shares of THG stock opened at $170.21 on Wednesday. The company has a market cap of $6.12 billion, a P/E ratio of 14.56 and a beta of 0.65. The stock has a 50 day simple moving average of $161.64 and a two-hundred day simple moving average of $156.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group has a fifty-two week low of $119.66 and a fifty-two week high of $173.30.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. Research analysts forecast that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, March 14th. The Hanover Insurance Group’s payout ratio is 30.80%.

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.