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

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $157.80.

Several research firms recently commented on THG. JMP Securities upped their price objective on The Hanover Insurance Group from $150.00 to $160.00 and gave the company a “market outperform” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Piper Sandler lifted their price objective on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Bank of America lowered their price objective on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th.

The Hanover Insurance Group Trading Down 0.3 %

Shares of The Hanover Insurance Group stock opened at $145.56 on Friday. The firm has a market cap of $5.23 billion, a PE ratio of 32.64 and a beta of 0.70. The Hanover Insurance Group has a 1 year low of $103.82 and a 1 year high of $149.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a fifty day moving average price of $134.07 and a 200-day moving average price of $131.62.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted ($1.91) earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts anticipate that The Hanover Insurance Group will post 10.85 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 8,468 shares of The Hanover Insurance Group stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $144.01, for a total transaction of $1,219,476.68. Following the completion of the transaction, the executive vice president now owns 36,281 shares of the company’s stock, valued at approximately $5,224,826.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $138.25, for a total value of $69,125.00. Following the sale, the senior vice president now owns 3,013 shares in the company, valued at $416,547.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard W. Lavey sold 8,468 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $144.01, for a total value of $1,219,476.68. Following the transaction, the executive vice president now owns 36,281 shares of the company’s stock, valued at $5,224,826.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,852 shares of company stock worth $1,541,491. 2.40% of the stock is owned by company insiders.

Institutional Trading of The Hanover Insurance Group

Several institutional investors and hedge funds have recently modified their holdings of THG. Sanctuary Advisors LLC bought a new position in shares of The Hanover Insurance Group in the second quarter worth approximately $385,000. Dana Investment Advisors Inc. increased its holdings in shares of The Hanover Insurance Group by 25.1% in the 2nd quarter. Dana Investment Advisors Inc. now owns 5,070 shares of the insurance provider’s stock worth $636,000 after buying an additional 1,017 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of The Hanover Insurance Group during the 2nd quarter valued at $14,684,000. Quarry LP bought a new stake in shares of The Hanover Insurance Group during the 2nd quarter worth $78,000. Finally, Creative Planning grew its position in The Hanover Insurance Group by 3.1% in the second quarter. Creative Planning now owns 10,525 shares of the insurance provider’s stock worth $1,320,000 after acquiring an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.

About The Hanover Insurance Group

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.