The Hanover Insurance Group, Inc. (NYSE:THG) Receives Average Recommendation of “Hold” from Brokerages

by · The Cerbat Gem

The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report) has been given an average rating of “Hold” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $178.00.

A number of research analysts have recently commented on THG shares. Keefe, Bruyette & Woods lowered their target price on The Hanover Insurance Group from $179.00 to $171.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Morgan Stanley lifted their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Finally, Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th.

Check Out Our Latest Stock Analysis on The Hanover Insurance Group

The Hanover Insurance Group Stock Performance

NYSE:THG opened at $161.63 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group has a twelve month low of $119.66 and a twelve month high of $176.16. The stock has a market cap of $5.81 billion, a P/E ratio of 13.83 and a beta of 0.47. The firm’s fifty day simple moving average is $164.75 and its 200 day simple moving average is $158.70.

The Hanover Insurance Group (NYSE:THG – Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. As a group, research analysts predict that The Hanover Insurance Group will post 14.37 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, March 14th. The Hanover Insurance Group’s payout ratio is 30.80%.

Insider Transactions at The Hanover Insurance Group

In related news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total value of $52,675.00. Following the completion of the sale, the chief executive officer now directly owns 124,414 shares in the company, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Institutional Trading of The Hanover Insurance Group

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of The Hanover Insurance Group during the fourth quarter valued at approximately $67,928,000. Vaughan Nelson Investment Management L.P. purchased a new stake in The Hanover Insurance Group during the 1st quarter valued at $64,340,000. Franklin Resources Inc. lifted its holdings in shares of The Hanover Insurance Group by 28.6% during the 4th quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider’s stock valued at $188,363,000 after buying an additional 270,491 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of The Hanover Insurance Group in the 4th quarter worth $21,797,000. Finally, American Century Companies Inc. grew its holdings in shares of The Hanover Insurance Group by 15.7% in the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider’s stock worth $148,297,000 after acquiring an additional 130,054 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

(Get Free Report

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.

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