The Hanover Insurance Group, Inc. (NYSE:THG) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday.

According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “

A number of other equities analysts also recently issued reports on THG. Keefe, Bruyette & Woods set a $91.00 price objective on shares of The Hanover Insurance Group and gave the stock a “hold” rating in a report on Friday, August 4th. BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The Hanover Insurance Group presently has a consensus rating of “Buy” and an average target price of $97.33.

The Hanover Insurance Group (NYSE:THG) traded up 0.05% during mid-day trading on Thursday, hitting $95.27. 481,718 shares of the stock traded hands. The Hanover Insurance Group has a 1-year low of $74.06 and a 1-year high of $100.33. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 20.61 and a beta of 1.14. The company’s 50 day moving average price is $96.86 and its 200-day moving average price is $90.02.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. Analysts predict that The Hanover Insurance Group will post $6.18 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “The Hanover Insurance Group, Inc. (THG) Lowered to “Hold” at Zacks Investment Research” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/09/16/the-hanover-insurance-group-inc-thg-lowered-to-hold-at-zacks-investment-research.html.

In other The Hanover Insurance Group news, insider John C. Roche sold 17,500 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the transaction, the insider now owns 42,524 shares of the company’s stock, valued at $4,082,304. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Joseph Welzenbach sold 9,600 shares of The Hanover Insurance Group stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $97.94, for a total transaction of $940,224.00. Following the transaction, the insider now directly owns 34,121 shares in the company, valued at approximately $3,341,810.74. The disclosure for this sale can be found here. Insiders have sold 50,630 shares of company stock worth $4,913,611 in the last ninety days. Insiders own 1.08% of the company’s stock.

A number of large investors have recently modified their holdings of the business. World Asset Management Inc lifted its holdings in The Hanover Insurance Group by 0.8% during the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock valued at $236,000 after purchasing an additional 22 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in The Hanover Insurance Group by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 3,394 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 24 shares in the last quarter. Creative Planning lifted its holdings in The Hanover Insurance Group by 1.8% during the second quarter. Creative Planning now owns 3,828 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 69 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in The Hanover Insurance Group by 1.1% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,415 shares of the insurance provider’s stock valued at $627,000 after purchasing an additional 83 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in The Hanover Insurance Group by 3.6% during the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after purchasing an additional 89 shares in the last quarter. 84.44% of the stock is currently owned by institutional investors and hedge funds.

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).

Get a free copy of the Zacks research report on The Hanover Insurance Group (THG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for The Hanover Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.