Royal Bank Of Canada Lowers The Hanover Insurance Group (NYSE:THG) Price Target to $190.00

The Hanover Insurance Group (NYSE:THG) had its price objective dropped by stock analysts at Royal Bank Of Canada from $200.00 to $190.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the insurance provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.40% from the company’s previous close.

Several other brokerages have also recently weighed in on THG. Wall Street Zen cut The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Morgan Stanley lowered their price target on The Hanover Insurance Group from $194.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $197.00.

The Hanover Insurance Group Price Performance

Shares of NYSE THG opened at $175.28 on Tuesday. The stock has a market capitalization of $6.17 billion, a PE ratio of 9.65 and a beta of 0.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.44 and a quick ratio of 0.44. The business has a fifty day moving average price of $174.17 and a two-hundred day moving average price of $176.95. The Hanover Insurance Group has a fifty-two week low of $147.76 and a fifty-two week high of $188.18.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Friday, February 20th. The insurance provider reported $5.46 earnings per share for the quarter. The firm had revenue of $1.67 billion during the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%. As a group, equities analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,200 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $180.91, for a total value of $217,092.00. Following the completion of the transaction, the director owned 2,423 shares of the company’s stock, valued at $438,344.93. This represents a 33.12% decrease in their position. 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 24,420 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $178.92, for a total value of $4,369,226.40. Following the completion of the transaction, the executive vice president directly owned 32,174 shares of the company’s stock, valued at approximately $5,756,572.08. The trade was a 43.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the company. AlphaQuest LLC increased its stake in shares of The Hanover Insurance Group by 563.1% in the third quarter. AlphaQuest LLC now owns 13,296 shares of the insurance provider’s stock valued at $2,415,000 after buying an additional 11,291 shares during the period. ProShare Advisors LLC increased its stake in shares of The Hanover Insurance Group by 5.6% in the third quarter. ProShare Advisors LLC now owns 213,676 shares of the insurance provider’s stock valued at $38,810,000 after buying an additional 11,415 shares during the period. Vest Financial LLC increased its stake in shares of The Hanover Insurance Group by 84.4% in the third quarter. Vest Financial LLC now owns 22,670 shares of the insurance provider’s stock valued at $4,118,000 after buying an additional 10,375 shares during the period. Channing Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 73.6% in the third quarter. Channing Capital Management LLC now owns 68,641 shares of the insurance provider’s stock valued at $12,467,000 after buying an additional 29,106 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of The Hanover Insurance Group by 28.5% in the third quarter. First Trust Advisors LP now owns 639,264 shares of the insurance provider’s stock valued at $116,110,000 after buying an additional 141,835 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

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.