Brokerages Set The Hanover Insurance Group, Inc. (NYSE:THG) PT at $140.83

The Hanover Insurance Group, Inc. (NYSE:THG) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $140.83.

THG has been the subject of a number of recent analyst reports. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research note on Friday, April 5th. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $147.00 price target on shares of The Hanover Insurance Group in a research note on Monday, April 1st.

Insider Transactions at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the transaction, the senior vice president now owns 3,612 shares of the company’s stock, valued at $473,677.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of The Hanover Insurance Group

Several institutional investors have recently made changes to their positions in THG. Comerica Bank boosted its holdings in shares of The Hanover Insurance Group by 321.8% in the 3rd quarter. Comerica Bank now owns 51,519 shares of the insurance provider’s stock worth $5,718,000 after purchasing an additional 39,306 shares during the period. Leeward Investments LLC MA boosted its holdings in shares of The Hanover Insurance Group by 13.1% in the 4th quarter. Leeward Investments LLC MA now owns 126,866 shares of the insurance provider’s stock worth $15,404,000 after purchasing an additional 14,686 shares during the period. Hsbc Holdings PLC lifted its stake in shares of The Hanover Insurance Group by 28.8% during the 3rd quarter. Hsbc Holdings PLC now owns 29,392 shares of the insurance provider’s stock worth $3,290,000 after acquiring an additional 6,579 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of The Hanover Insurance Group by 547.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 13,500 shares of the insurance provider’s stock worth $1,498,000 after acquiring an additional 11,416 shares during the last quarter. Finally, Markel Group Inc. lifted its stake in shares of The Hanover Insurance Group by 19.6% during the 3rd quarter. Markel Group Inc. now owns 189,000 shares of the insurance provider’s stock worth $20,975,000 after acquiring an additional 31,000 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

Shares of THG stock opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39. The Hanover Insurance Group has a fifty-two week low of $103.82 and a fifty-two week high of $138.00. The stock has a 50 day moving average price of $130.87 and a two-hundred day moving average price of $126.25. The company has a market capitalization of $4.66 billion, a P/E ratio of 138.11 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.62. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. Analysts expect that The Hanover Insurance Group will post 10.03 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is 361.71%.

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.