The Hanover Insurance Group, Inc. (NYSE:THG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $143.33.

Several equities analysts have recently commented on the company. StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Oppenheimer lifted their price target on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday. TheStreet upgraded shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 1st.

Institutional Trading of The Hanover Insurance Group

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its stake in The Hanover Insurance Group by 11,733.1% in the fourth quarter. International Assets Investment Management LLC now owns 465,039 shares of the insurance provider’s stock worth $56,465,000 after acquiring an additional 461,109 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of The Hanover Insurance Group by 75.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 965,374 shares of the insurance provider’s stock worth $117,217,000 after purchasing an additional 414,993 shares in the last quarter. Norges Bank purchased a new position in The Hanover Insurance Group in the fourth quarter valued at $48,900,000. Massachusetts Financial Services Co. MA raised its stake in The Hanover Insurance Group by 27.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,214,520 shares of the insurance provider’s stock valued at $147,467,000 after buying an additional 264,483 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of The Hanover Insurance Group by 149.4% during the 4th quarter. Wellington Management Group LLP now owns 417,767 shares of the insurance provider’s stock worth $50,725,000 after acquiring an additional 250,254 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $133.64 on Friday. The company’s 50-day moving average is $130.71 and its two-hundred day moving average is $126.45. The Hanover Insurance Group has a 1-year low of $103.82 and a 1-year high of $138.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.38 and a quick ratio of 0.39. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 29.96 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.62. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.56 billion. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. Analysts forecast that The Hanover Insurance Group will post 10.03 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.54%. The Hanover Insurance Group’s dividend payout ratio is presently 76.23%.

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.