The Hanover Insurance Group, Inc. (NYSE:THG) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 price objective on the stock in a research report on Wednesday, May 17th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $93.00.

Shares of The Hanover Insurance Group (NYSE:THG) traded up 0.74% during trading on Tuesday, hitting $98.15. 127,757 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.17 billion, a PE ratio of 21.08 and a beta of 1.14. The stock’s 50 day moving average is $89.75 and its 200 day moving average is $87.76. The Hanover Insurance Group has a 1-year low of $74.06 and a 1-year high of $98.49.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that The Hanover Insurance Group will post $6.11 earnings per share for the current year.

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In other The Hanover Insurance Group news, insider J Kendall Huber sold 20,960 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $97.33, for a total value of $2,040,036.80. Following the completion of the sale, the insider now directly owns 34,079 shares of the company’s stock, valued at $3,316,909.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John C. Roche sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the completion of the sale, the insider now directly owns 42,524 shares of the company’s stock, valued at $4,082,304. The disclosure for this sale can be found here. Insiders own 1.08% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in The Hanover Insurance Group by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock valued at $140,000 after buying an additional 120 shares in the last quarter. Timber Hill LLC acquired a new stake in The Hanover Insurance Group during the first quarter valued at 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 valued at $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 valued at $231,000 after buying an additional 89 shares in the last quarter. Finally, 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 valued at $236,000 after buying an additional 22 shares in the last quarter. 84.14% of the stock is owned by institutional investors.

About The 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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