Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been given an average rating of “Hold” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $89.50.

Several brokerages have weighed in on THG. Keefe, Bruyette & Woods set a $91.00 target price on The Hanover Insurance Group and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research downgraded The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, BidaskClub raised The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th.

Shares of The Hanover Insurance Group (THG) traded up 0.38% on Tuesday, reaching $97.65. The company had a trading volume of 365,214 shares. The stock has a 50 day moving average price of $89.75 and a 200-day moving average price of $87.76. 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 Hanover Insurance Group has a 12 month low of $74.06 and a 12 month high of $98.03.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Analysts forecast that The Hanover Insurance Group will post $6.07 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of THG. Timber Hill LLC purchased a new stake in The Hanover Insurance Group during the first quarter worth approximately $212,000. Trust Co. of Toledo NA OH increased its stake 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 worth $222,000 after buying an additional 150 shares in the last quarter. Envestnet Asset Management Inc. increased its stake 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 worth $231,000 after buying an additional 89 shares in the last quarter. World Asset Management Inc increased its stake 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 worth $236,000 after buying an additional 22 shares in the last quarter. Finally, Alpine Woods Capital Investors LLC purchased a new stake in The Hanover Insurance Group during the second quarter worth approximately $266,000. 84.05% of the stock is currently owned by institutional investors.

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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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