The Hanover Insurance Group (NYSE:THG) Trading 0.4% Higher – What’s Next?

The Hanover Insurance Group, Inc. (NYSE:THG) rose 0.4% during trading on Monday . The stock traded as high as $164.46 and last traded at $164.24. Approximately 122,969 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 174,402 shares. The stock had previously closed at $163.60.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on THG shares. JMP Securities upped their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Oppenheimer raised their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Piper Sandler boosted 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. Finally, Janney Montgomery Scott downgraded The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective on the stock. in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, The Hanover Insurance Group has an average rating of “Moderate Buy” and an average target price of $173.83.

The Hanover Insurance Group Price Performance

The business’s fifty day moving average price is $152.80 and its 200-day moving average price is $139.93. The company has a market capitalization of $5.92 billion, a P/E ratio of 16.31 and a beta of 0.70. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.40. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.19 earnings per share. As a group, sell-side analysts predict that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 33.73%.

Insider Activity

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 8,468 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $144.01, for a total value of $1,219,476.68. Following the transaction, the executive vice president now directly owns 36,281 shares of the company’s stock, valued at $5,224,826.81. The trade was a 18.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 39,019 shares of company stock valued at $6,001,412. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in shares of The Hanover Insurance Group during the second quarter valued at about $25,000. True Wealth Design LLC bought a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $25,000. V Square Quantitative Management LLC purchased a new stake in The Hanover Insurance Group in the third quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at about $30,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of The Hanover Insurance Group during the second quarter valued at about $42,000. 86.61% of the stock is owned by hedge funds and other 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.