The Hanover Insurance Group (NYSE:THG) Rating Reiterated by JMP Securities

JMP Securities reissued their market outperform rating on shares of The Hanover Insurance Group (NYSE:THG) in a research note issued to investors on Monday morning, Benzinga reports. JMP Securities currently has a $150.00 target price on the insurance provider’s stock.

A number of other equities analysts have also weighed in on the stock. StockNews.com raised shares of The Hanover Insurance Group from a hold rating to a buy rating in a research report on Thursday, January 11th. Piper Sandler restated an overweight rating and issued a $147.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Keefe, Bruyette & Woods increased their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a market perform rating in a research note on Wednesday, April 10th. TheStreet upgraded shares of The Hanover Insurance Group from a c+ rating to a b- rating in a research note on Tuesday, February 27th. Finally, Oppenheimer restated an outperform rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research report on Friday, April 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $140.83.

The Hanover Insurance Group Trading Down 1.9 %

Shares of The Hanover Insurance Group stock opened at $126.67 on Monday. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 134.76 and a beta of 0.67. The Hanover Insurance Group has a 52-week low of $103.82 and a 52-week high of $138.00. The company’s 50-day simple moving average is $131.48 and its 200-day simple moving average is $124.91. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.32.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.62. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.56 billion. As a group, equities research analysts anticipate that The Hanover Insurance Group will post 10.03 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.68%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 361.71%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $131.14, for a total value of $65,570.00. Following the transaction, the senior vice president now owns 3,612 shares of the company’s stock, valued at approximately $473,677.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

Hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 129.8% during the fourth quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 122 shares during the period. Riverview Trust Co bought a new position in shares of The Hanover Insurance Group in the first quarter valued at approximately $31,000. UMB Bank n.a. raised its position in shares of The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 84 shares during the period. Quarry LP bought a new position in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $34,000. Finally, Baystate Wealth Management LLC raised its position in shares of The Hanover Insurance Group by 4,400.0% in the fourth quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 352 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.