Analysts Set The Hanover Insurance Group, Inc. (NYSE:THG) Price Target at $157.80

The Hanover Insurance Group, Inc. (NYSE:THG) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $157.80.

A number of research analysts have issued reports on THG shares. Bank of America reduced their price objective on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Piper Sandler boosted their price objective on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. JMP Securities boosted their price objective on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the company a “market outperform” rating in a research report on Thursday, August 1st. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th.

The Hanover Insurance Group Stock Up 0.4 %

Shares of NYSE THG opened at $148.76 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group has a 52 week low of $108.03 and a 52 week high of $150.95. The firm’s fifty day moving average is $140.30 and its 200 day moving average is $133.38. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 33.35 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the firm earned ($1.91) earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts expect that The Hanover Insurance Group will post 10.99 earnings per share for the current year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is presently 76.23%.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 1,200 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the sale, the executive vice president now directly owns 85,983 shares of the company’s stock, valued at approximately $12,906,908.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jeffrey M. Farber sold 1,200 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the sale, the executive vice president now directly owns 85,983 shares of the company’s stock, valued at approximately $12,906,908.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard W. Lavey sold 8,468 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $144.01, for a total transaction of $1,219,476.68. Following the completion of the sale, the executive vice president now directly owns 36,281 shares in the company, valued at $5,224,826.81. The disclosure for this sale can be found here. Insiders have sold 12,352 shares of company stock valued at $1,766,623 in the last three months. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in The Hanover Insurance Group by 4.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 97 shares in the last quarter. Signaturefd LLC boosted its stake in The Hanover Insurance Group by 8.7% in the 2nd quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock worth $168,000 after purchasing an additional 107 shares in the last quarter. Blue Trust Inc. boosted its stake in The Hanover Insurance Group by 20.7% in the 2nd quarter. Blue Trust Inc. now owns 753 shares of the insurance provider’s stock worth $103,000 after purchasing an additional 129 shares in the last quarter. Pullen Investment Management LLC boosted its stake in The Hanover Insurance Group by 3.1% in the 2nd quarter. Pullen Investment Management LLC now owns 4,434 shares of the insurance provider’s stock worth $556,000 after purchasing an additional 134 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in The Hanover Insurance Group by 9.5% in the 4th quarter. Parallel Advisors LLC now owns 1,727 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 150 shares in the last quarter. 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.