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

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $160.20.

A number of equities analysts have recently weighed in on the company. Piper Sandler increased their target price on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JMP Securities restated a “market outperform” rating and set a $160.00 price objective on shares of The Hanover Insurance Group in a research note on Tuesday, October 15th. Keefe, Bruyette & Woods raised their price objective on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Finally, Bank of America raised their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the firm’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 sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Kathy S. Lane sold 1,884 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey M. Farber sold 12,000 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $155.08, for a total value of $1,860,960.00. Following the sale, the executive vice president now directly owns 66,091 shares in the company, valued at approximately $10,249,392.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,303 shares of company stock valued at $4,372,203. 2.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of The Hanover Insurance Group in the 3rd quarter worth about $26,000. Point72 Hong Kong Ltd bought a new stake in The Hanover Insurance Group in the 2nd quarter valued at about $25,000. Riverview Trust Co bought a new stake in The Hanover Insurance Group in the 1st quarter valued at about $31,000. 1620 Investment Advisors Inc. bought a new stake in The Hanover Insurance Group in the 2nd quarter valued at about $42,000. Finally, UMB Bank n.a. increased its position in The Hanover Insurance Group by 35.4% in the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock valued at $62,000 after buying an additional 109 shares in the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $150.97 on Friday. The firm has a market cap of $5.43 billion, a P/E ratio of 33.85 and a beta of 0.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group has a 1-year low of $112.22 and a 1-year high of $155.84. The business’s 50 day moving average is $145.96 and its 200-day moving average is $135.67.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned ($1.91) earnings per share. Equities research analysts predict that The Hanover Insurance Group will post 10.99 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is presently 76.23%.

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.