The Hanover Insurance Group, Inc. (NYSE:THG) Receives $197.00 Average Price Target from Analysts
by Doug Wharley · The Cerbat GemShares of The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $197.00.
THG has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price objective on shares of The Hanover Insurance Group from $200.00 to $190.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley reduced their price target on shares of The Hanover Insurance Group from $194.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Monday, April 20th. Finally, Wall Street Zen lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th.
View Our Latest Stock Report on The Hanover Insurance Group
The Hanover Insurance Group Price Performance
Shares of NYSE:THG opened at $177.98 on Thursday. The business has a 50 day moving average price of $175.73 and a 200 day moving average price of $176.91. The Hanover Insurance Group has a twelve month low of $159.58 and a twelve month high of $188.18. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 9.80 and a beta of 0.29. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.24.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last issued its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 EPS for the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The company had revenue of $1.67 billion for the quarter. Research analysts predict that The Hanover Insurance Group will post 16.92 earnings per share for the current year.
The Hanover Insurance Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, March 13th. The Hanover Insurance Group’s payout ratio is currently 20.91%.
Insider Activity at The Hanover Insurance Group
In other news, EVP Richard W. Lavey sold 24,420 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the sale, the executive vice president directly owned 32,174 shares in the company, valued at approximately $5,756,572.08. The trade was a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jane D. Carlin sold 1,200 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $180.91, for a total value of $217,092.00. Following the completion of the transaction, the director owned 2,423 shares of the company’s stock, valued at $438,344.93. The trade was a 33.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.80% of the company’s stock.
Institutional Investors Weigh In On The Hanover Insurance Group
Several institutional investors and hedge funds have recently bought and sold shares of the business. JPL Wealth Management LLC bought a new position in shares of The Hanover Insurance Group during the 3rd quarter worth about $26,000. Community Bank N.A. bought a new stake in The Hanover Insurance Group in the third quarter valued at about $27,000. McMillan Office Inc. acquired a new position in The Hanover Insurance Group in the fourth quarter worth about $31,000. Entrust Financial LLC acquired a new position in The Hanover Insurance Group in the fourth quarter worth about $33,000. Finally, Clearstead Advisors LLC lifted its stake in The Hanover Insurance Group by 300.0% during the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 150 shares during the period. Institutional investors own 86.61% of the company’s stock.
About The Hanover Insurance Group
The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.
In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.