Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been assigned an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $87.67.

A number of research firms recently commented on THG. BidaskClub raised The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Keefe, Bruyette & Woods raised The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 price objective on the stock in a research note on Wednesday, May 17th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th.

A number of hedge funds have recently modified their holdings of THG. Norges Bank acquired a new stake in shares of The Hanover Insurance Group during the fourth quarter worth about $44,040,000. Ameriprise Financial Inc. raised its stake in shares of The Hanover Insurance Group by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 437,377 shares of the insurance provider’s stock worth $39,389,000 after buying an additional 22,273 shares during the last quarter. Credit Agricole S A acquired a new stake in shares of The Hanover Insurance Group during the fourth quarter worth about $102,000. First Trust Advisors LP raised its stake in shares of The Hanover Insurance Group by 11.5% in the first quarter. First Trust Advisors LP now owns 318,045 shares of the insurance provider’s stock worth $28,643,000 after buying an additional 32,745 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of The Hanover Insurance Group by 1.5% in the fourth quarter. Teachers Advisors LLC now owns 59,006 shares of the insurance provider’s stock worth $5,370,000 after buying an additional 850 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Hanover Insurance Group (THG) traded up 0.42% during midday trading on Friday, reaching $88.45. 17,548 shares of the company’s stock traded hands. The company has a market capitalization of $3.76 billion, a PE ratio of 31.20 and a beta of 1.13. The stock’s 50 day moving average is $84.76 and its 200-day moving average is $87.59. The Hanover Insurance Group has a 52 week low of $74.06 and a 52 week high of $92.78.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by $0.78. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.22 billion. The Hanover Insurance Group had a net margin of 2.45% and a return on equity of 5.20%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. On average, analysts forecast that The Hanover Insurance Group will post $6.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Wednesday, June 7th. The Hanover Insurance Group’s payout ratio is 70.42%.

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About The Hanover Insurance Group

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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