Shares of The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $205.8571.
Several analysts have recently weighed in on the company. Wall Street Zen downgraded The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research upgraded The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Piper Sandler lifted their target price on The Hanover Insurance Group from $204.00 to $212.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods lifted their target price on The Hanover Insurance Group from $208.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, BMO Capital Markets downgraded The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $194.00 to $203.00 in a research report on Tuesday, May 19th.
Insider Transactions at The Hanover Insurance Group
Institutional Trading of The Hanover Insurance Group
Several institutional investors and hedge funds have recently made changes to their positions in the company. AlphaQuest LLC grew its stake in shares of The Hanover Insurance Group by 563.1% during the third quarter. AlphaQuest LLC now owns 13,296 shares of the insurance provider’s stock worth $2,415,000 after acquiring an additional 11,291 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of The Hanover Insurance Group by 5.6% during the third quarter. ProShare Advisors LLC now owns 213,676 shares of the insurance provider’s stock worth $38,810,000 after acquiring an additional 11,415 shares during the last quarter. Vest Financial LLC grew its stake in shares of The Hanover Insurance Group by 84.4% during the third quarter. Vest Financial LLC now owns 22,670 shares of the insurance provider’s stock worth $4,118,000 after acquiring an additional 10,375 shares during the last quarter. First Trust Advisors LP grew its stake in shares of The Hanover Insurance Group by 28.5% during the third quarter. First Trust Advisors LP now owns 639,264 shares of the insurance provider’s stock worth $116,110,000 after acquiring an additional 141,835 shares during the last quarter. Finally, Channing Capital Management LLC grew its stake in shares of The Hanover Insurance Group by 73.6% during the third quarter. Channing Capital Management LLC now owns 68,641 shares of the insurance provider’s stock worth $12,467,000 after acquiring an additional 29,106 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.
The Hanover Insurance Group Stock Up 0.1%
NYSE:THG opened at $195.34 on Monday. The Hanover Insurance Group has a twelve month low of $160.70 and a twelve month high of $199.59. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 9.83 and a beta of 0.31. The stock has a fifty day simple moving average of $180.32 and a 200-day simple moving average of $178.90. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last released its earnings results on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.14 by $1.11. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $3.87 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts anticipate that The Hanover Insurance Group will post 18.45 EPS for the current year.
The Hanover Insurance Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, March 13th. The Hanover Insurance Group’s payout ratio is presently 19.12%.
The Hanover Insurance Group announced that its board has authorized a stock repurchase plan on Wednesday, May 13th that permits the company to repurchase $700.00 million in shares. This repurchase authorization permits the insurance provider to repurchase up to 10.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Key Stories Impacting The Hanover Insurance Group
Here are the key news stories impacting The Hanover Insurance Group this week:
- Positive Sentiment: THG was upgraded to Zacks Rank #1 (Strong Buy), with Zacks citing improving earnings outlook and stronger estimate trends. Article title
- Positive Sentiment: THG also landed on Zacks’ Strong Buy income and Strong Buy value stock lists, reinforcing the view that the shares may still be attractive after a strong earnings beat and recent rally. Article title Article title
- Positive Sentiment: Earlier analyst updates remained constructive, including Oppenheimer raising its price target to $220 and maintaining an outperform view, which suggests further upside from current levels. Article title
- Neutral Sentiment: Two executives disclosed stock sales, including CEO John C. Roche and EVP Dennis Francis Kerrigan. Insider selling can sometimes weigh on sentiment, but the transactions were part of routine filings and do not by themselves signal a business deterioration. Article title
- Positive Sentiment: The company’s latest earnings report was strong, with EPS and revenue both topping estimates, and THG also authorized a $700 million share repurchase program, a shareholder-friendly move that can support the 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.
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