The Hanover Insurance Group, Inc. (NYSE:THG) Stock Has Consensus Price Target of $227.14 According to Analysts

The Hanover Insurance Group, Inc. (NYSE:THG) has received an average rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $227.14.

A number of research firms recently weighed in on THG. Keefe, Bruyette & Woods raised their price objective on The Hanover Insurance Group from $222.00 to $232.00 and gave the company a “market perform” rating in a research report on Friday, September 18th. Piper Sandler cut The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research note on Wednesday, July 15th. Royal Bank Of Canada increased their target price on The Hanover Insurance Group from $215.00 to $235.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Morgan Stanley raised their price target on The Hanover Insurance Group from $235.00 to $240.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Finally, Citigroup reaffirmed an “outperform” rating on shares of The Hanover Insurance Group in a research report on Friday, July 10th.

The Hanover Insurance Group Trading Down 0.2%

NYSE:THG opened at $217.58 on Friday. The firm has a market capitalization of $7.58 billion, a P/E ratio of 10.39 and a beta of 0.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.38 and a quick ratio of 0.38. The Hanover Insurance Group has a one year low of $166.54 and a one year high of $236.07. The company’s 50-day simple moving average is $224.88 and its 200 day simple moving average is $202.18.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.84 by $1.47. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm earned $4.35 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts forecast that The Hanover Insurance Group will post 20.17 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, September 11th. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 18.14%.

Insider Activity

In other news, Director Jane D. Carlin sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $231.50, for a total value of $231,500.00. Following the transaction, the director owned 2,270 shares in the company, valued at approximately $525,505. This represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dennis Kerrigan sold 6,551 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $220.79, for a total transaction of $1,446,395.29. Following the sale, the executive vice president owned 12,003 shares in the company, valued at approximately $2,650,142.37. The trade was a 35.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,655 shares of company stock valued at $2,145,846 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Institutional Trading of The Hanover Insurance Group

Several institutional investors have recently added to or reduced their stakes in THG. BlackRock Inc. bought a new position in shares of The Hanover Insurance Group during the second quarter valued at $756,471,000. Norges Bank bought a new stake in The Hanover Insurance Group in the 4th quarter worth about $83,817,000. Bank of New York Mellon Corp bought a new stake in The Hanover Insurance Group in the 2nd quarter worth about $69,481,000. Bank of America Corp DE purchased a new position in The Hanover Insurance Group in the 2nd quarter worth about $47,734,000. Finally, Primecap Management Co. CA bought a new position in The Hanover Insurance Group during the 2nd quarter valued at about $37,844,000. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company that provides property and casualty insurance products and services through a network of independent agents. Its offerings are designed for individuals, families, businesses and specialty-market customers, with a focus on helping policyholders manage risks involving property, automobiles, liability and business operations.

The company’s personal lines business includes automobile, homeowners, renters, condominium, umbrella and related insurance products.