The Hanover Insurance Group (NYSE:THG) Receives “Market Outperform” Rating from JMP Securities

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

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

The Hanover Insurance Group Stock Performance

Shares of NYSE THG opened at $127.21 on Monday. The stock has a 50 day moving average price of $131.41 and a 200 day moving average price of $124.92. The Hanover Insurance Group has a 52 week low of $103.82 and a 52 week high of $138.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $4.57 billion, a PE ratio of 135.33 and a beta of 0.67.

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

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Thursday, March 14th. The Hanover Insurance Group’s dividend payout ratio is currently 361.70%.

Insider Buying and Selling

In related news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the sale, the senior vice president now owns 3,612 shares of the company’s stock, valued at $473,677.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

Large investors have recently modified their holdings of the business. UMB Bank n.a. boosted its holdings in shares of The Hanover Insurance Group by 55.6% in the 4th 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 in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 129.8% in the 4th quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 122 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of The Hanover Insurance Group during the 1st quarter valued at $31,000. Quarry LP acquired a new stake in shares of The Hanover Insurance Group during the 4th quarter valued at $34,000. Finally, Baystate Wealth Management LLC boosted its holdings in shares of The Hanover Insurance Group by 4,400.0% during the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 352 shares in the last quarter. 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.