The Hanover Insurance Group (NYSE:THG) Given New $205.00 Price Target at Piper Sandler

The Hanover Insurance Group (NYSE:THG) had its target price boosted by investment analysts at Piper Sandler from $190.00 to $205.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the insurance provider’s stock. Piper Sandler’s price objective indicates a potential upside of 17.73% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Morgan Stanley boosted their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their price objective on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $179.00.

The Hanover Insurance Group Trading Up 0.9 %

NYSE THG opened at $174.12 on Tuesday. The stock has a market cap of $6.26 billion, a P/E ratio of 14.90 and a beta of 0.65. The Hanover Insurance Group has a fifty-two week low of $119.66 and a fifty-two week high of $176.00. The stock has a 50 day simple moving average of $163.82 and a two-hundred day simple moving average of $157.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. On average, analysts forecast that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John C. Roche sold 200 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $175.01, for a total transaction of $35,002.00. Following the transaction, the chief executive officer now directly owns 124,278 shares in the company, valued at $21,749,892.78. The trade was a 0.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On The Hanover Insurance Group

Several institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC raised its stake in The Hanover Insurance Group by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider’s stock worth $1,092,000 after acquiring an additional 65 shares during the last quarter. AMG National Trust Bank grew its stake in The Hanover Insurance Group by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after acquiring an additional 71 shares during the period. Captrust Financial Advisors increased its stake in shares of The Hanover Insurance Group by 4.7% during the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 81 shares in the last quarter. Ironwood Investment Management LLC raised its position in shares of The Hanover Insurance Group by 0.9% during the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock worth $1,501,000 after purchasing an additional 85 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

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.