Zacks: Hanover Insurance Group Inc (THG) Given Consensus Recommendation of “” by Brokerages
Hanover Insurance Group Inc (NYSE:THG) has been assigned an average broker rating score of 0.00 () from the four analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a strong buy recommendation to the company.
Analysts have set a 1-year consensus price target of $93.00 for the company and are anticipating that the company will post $1.81 earnings per share for the current quarter, according to Zacks. Zacks has also given Hanover Insurance Group an industry rank of 166 out of 265 based on the ratings given to related companies.
THG has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Wednesday, February 8th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $81.00 price target (down from $85.00) on shares of Hanover Insurance Group in a research report on Thursday, January 12th.
Hanover Insurance Group (NYSE:THG) opened at 90.68 on Tuesday. Hanover Insurance Group has a 12-month low of $74.06 and a 12-month high of $92.78. The firm has a market capitalization of $3.85 billion, a PE ratio of 25.28 and a beta of 1.10. The company has a 50-day moving average price of $89.20 and a 200-day moving average price of $84.01.
Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Thursday, February 2nd. The company reported ($0.46) EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by $1.96. The firm earned $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. Hanover Insurance Group had a net margin of 3.14% and a return on equity of 6.21%. Hanover Insurance Group’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS. On average, analysts predict that Hanover Insurance Group will post $6.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, March 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.21%. Hanover Insurance Group’s payout ratio is 55.71%.
In other news, VP Warren E. Barnes sold 3,226 shares of Hanover Insurance Group stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.33, for a total transaction of $291,404.58. Following the completion of the sale, the vice president now directly owns 5,646 shares in the company, valued at approximately $510,003.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard W. Lavey sold 26,250 shares of Hanover Insurance Group stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.07, for a total transaction of $2,364,337.50. Following the sale, the insider now owns 12,285 shares of the company’s stock, valued at $1,106,509.95. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in Hanover Insurance Group by 4.1% in the third quarter. BlackRock Fund Advisors now owns 1,561,125 shares of the company’s stock worth $117,740,000 after buying an additional 61,963 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in Hanover Insurance Group during the third quarter worth about $634,000. Sei Investments Co. increased its stake in Hanover Insurance Group by 3.4% in the third quarter. Sei Investments Co. now owns 80,349 shares of the company’s stock worth $6,059,000 after buying an additional 2,644 shares during the last quarter. Foundry Partners LLC increased its stake in Hanover Insurance Group by 5.4% in the third quarter. Foundry Partners LLC now owns 108,045 shares of the company’s stock worth $8,149,000 after buying an additional 5,568 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Hanover Insurance Group by 1.6% in the third quarter. BlackRock Inc. now owns 46,378 shares of the company’s stock worth $3,497,000 after buying an additional 718 shares during the last quarter. Institutional investors own 81.51% of the company’s stock.
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About Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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