StockNews.com Upgrades The Hanover Insurance Group (NYSE:THG) to “Buy”

The Hanover Insurance Group (NYSE:THG) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

A number of other research analysts have also recently issued reports on the stock. Piper Sandler lifted their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. Morgan Stanley lifted their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods dropped their price objective on The Hanover Insurance Group from $179.00 to $171.00 and set a “market perform” rating for the company in a report on Wednesday, April 9th. Finally, Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.00.

The Hanover Insurance Group Stock Up 1.9 %

NYSE THG opened at $166.06 on Wednesday. The firm has a 50-day simple moving average of $164.97 and a 200 day simple moving average of $159.46. 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 twelve month low of $119.66 and a twelve month high of $176.16. The stock has a market cap of $5.97 billion, a PE ratio of 14.21 and a beta of 0.47.

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

Insider Buying and Selling

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the company’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $175.00, for a total value of $52,675.00. Following the transaction, the chief executive officer now directly owns 124,414 shares in the company, valued at $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC grew its stake in shares of The Hanover Insurance Group by 0.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider’s stock valued at $1,092,000 after acquiring an additional 65 shares in the last quarter. HM Payson & Co. grew its holdings in shares of The Hanover Insurance Group by 6.7% during the 1st quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider’s stock valued at $185,000 after purchasing an additional 67 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of The Hanover Insurance Group by 0.7% during the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock worth $1,658,000 after buying an additional 71 shares in the last quarter. Ironwood Investment Management LLC increased its holdings in The Hanover Insurance Group by 0.9% in the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock worth $1,501,000 after purchasing an additional 85 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares during the period. 86.61% of the stock is owned by institutional investors.

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.