The Hanover Insurance Group, Inc. (NYSE:THG) has been given a $91.00 price objective by research analysts at Keefe, Bruyette & Woods in a research report issued on Friday. The brokerage currently has a “hold” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 6.81% from the stock’s previous close.

THG has been the topic of a number of other reports. Zacks Investment Research cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. BidaskClub raised shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $93.00.

The Hanover Insurance Group (THG) opened at 97.65 on Friday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 20.97 and a beta of 1.14. The stock has a 50 day moving average price of $89.75 and a 200-day moving average price of $87.76. The Hanover Insurance Group has a 1-year low of $74.06 and a 1-year high of $98.03.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The Hanover Insurance Group’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. Equities analysts predict that The Hanover Insurance Group will post $6.07 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THG. Timber Hill LLC bought a new position in The Hanover Insurance Group during the first quarter valued at $212,000. Trust Co. of Toledo NA OH boosted its position in The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock valued at $222,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after buying an additional 89 shares in the last quarter. World Asset Management Inc boosted its position in The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC bought a new position in The Hanover Insurance Group during the second quarter valued at $266,000. 84.05% 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. 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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