The Hanover Insurance Group, Inc. (NYSE:THG) Receives $200.60 Average PT from Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $200.60.

A number of equities analysts have recently issued reports on THG shares. Wall Street Zen downgraded The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $207.00 to $208.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada started coverage on The Hanover Insurance Group in a report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st.

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Richard W. Lavey sold 24,420 shares of The Hanover Insurance Group stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the transaction, the executive vice president owned 32,174 shares in the company, valued at $5,756,572.08. This trade represents a 43.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jane D. Carlin sold 1,200 shares of The Hanover Insurance Group stock in a transaction on Friday, February 27th. The shares were sold at an average price of $180.91, for a total value of $217,092.00. Following the transaction, the director owned 2,423 shares in the company, valued at $438,344.93. This trade represents a 33.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of hedge funds have recently modified their holdings of THG. JPL Wealth Management LLC bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at $26,000. Community Bank N.A. bought a new position in The Hanover Insurance Group in the 3rd quarter worth $27,000. McMillan Office Inc. bought a new position in The Hanover Insurance Group in the 4th quarter worth $31,000. Entrust Financial LLC purchased a new stake in The Hanover Insurance Group in the 4th quarter worth $33,000. Finally, Clearstead Advisors LLC increased its stake in The Hanover Insurance Group by 300.0% in the 3rd quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after buying an additional 150 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Stock Down 0.3%

THG opened at $177.94 on Wednesday. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 9.79 and a beta of 0.31. The firm has a 50 day moving average price of $175.12 and a 200-day moving average price of $177.47. The Hanover Insurance Group has a twelve month low of $147.76 and a twelve month high of $188.18. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.24.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Friday, February 20th. The insurance provider reported $5.46 EPS for the quarter. The business had revenue of $1.67 billion during the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%. Equities research analysts forecast that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, March 13th. The Hanover Insurance Group’s dividend payout ratio is 20.91%.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.