The Hanover Insurance Group, Inc. (NYSE:THG) Given Average Rating of “Hold” by Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $173.29.

Several research analysts recently issued reports on THG shares. Morgan Stanley assumed coverage on shares of The Hanover Insurance Group in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $170.00 target price for the company. Piper Sandler increased their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. JMP Securities boosted their price objective on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price on the stock. in a report on Thursday, November 21st. Finally, Bank of America lifted their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 300 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the completion of the sale, the executive vice president now directly owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 30,551 shares of company stock worth $4,781,935. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in THG. True Wealth Design LLC bought a new stake in shares of The Hanover Insurance Group during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in The Hanover Insurance Group in the third quarter worth $26,000. Point72 Hong Kong Ltd bought a new stake in The Hanover Insurance Group during the second quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in The Hanover Insurance Group in the third quarter worth about $30,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of The Hanover Insurance Group during the second quarter valued at approximately $42,000. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Trading Down 0.6 %

Shares of THG stock opened at $154.16 on Monday. The company has a market capitalization of $5.55 billion, a PE ratio of 15.29 and a beta of 0.71. The Hanover Insurance Group has a 52-week low of $119.36 and a 52-week high of $166.13. The business’s fifty day moving average is $156.09 and its 200 day moving average is $142.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.40. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. On average, equities research analysts anticipate that The Hanover Insurance Group will post 11.41 EPS for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.90 per share. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.34%. The Hanover Insurance Group’s dividend payout ratio is presently 35.71%.

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.