Analysts Set The Hanover Insurance Group, Inc. (NYSE:THG) PT at $195.00

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $195.8333.

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Royal Bank Of Canada began coverage on shares of The Hanover Insurance Group in a report on Monday. They issued a “sector perform” rating and a $200.00 target price on the stock. Finally, Morgan Stanley increased their price target on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th.

Insiders Place Their Bets

In other news, EVP Denise Lowsley sold 1,619 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total value of $293,799.93. Following the sale, the executive vice president directly owned 3,511 shares in the company, valued at approximately $637,141.17. This trade represents a 31.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its position in shares of The Hanover Insurance Group by 2.8% in the 2nd quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider’s stock worth $383,000 after purchasing an additional 62 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in The Hanover Insurance Group by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 12,020 shares of the insurance provider’s stock worth $2,183,000 after buying an additional 66 shares during the period. Evergreen Capital Management LLC boosted its position in The Hanover Insurance Group by 3.8% during the 1st quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock valued at $315,000 after acquiring an additional 67 shares in the last quarter. AMG National Trust Bank grew its holdings in shares of The Hanover Insurance Group by 0.7% during the 3rd quarter. AMG National Trust Bank now owns 10,832 shares of the insurance provider’s stock worth $1,967,000 after acquiring an additional 73 shares during the period. Finally, Buckhead Capital Management LLC lifted its stake in shares of The Hanover Insurance Group by 2.2% in the 3rd quarter. Buckhead Capital Management LLC now owns 3,435 shares of the insurance provider’s stock valued at $624,000 after purchasing an additional 75 shares during the period. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Stock Up 0.1%

Shares of THG opened at $185.65 on Monday. The firm has a market cap of $6.61 billion, a P/E ratio of 10.74 and a beta of 0.44. The Hanover Insurance Group has a 1 year low of $145.17 and a 1 year high of $187.41. The stock has a 50 day simple moving average of $177.62 and a two-hundred day simple moving average of $172.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.30. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.72 billion. The Hanover Insurance Group had a net margin of 9.71% and a return on equity of 22.43%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.05 EPS. On average, analysts forecast that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.60 dividend on an annualized basis and a yield of 1.9%. The Hanover Insurance Group’s dividend payout ratio is presently 20.82%.

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.