The Hanover Insurance Group, Inc. (NYSE:THG)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a report released on Friday. They currently have a $91.00 price objective on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential downside of 7.25% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. BidaskClub upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research upgraded shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.33.

The Hanover Insurance Group (THG) traded up 0.07% during mid-day trading on Friday, hitting $98.18. 47,970 shares of the company traded hands. The company’s 50-day moving average is $96.85 and its 200-day moving average is $90.73. The Hanover Insurance Group has a one year low of $74.60 and a one year high of $100.33. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 21.24 and a beta of 1.13.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.14. The business 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 for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. Analysts predict that The Hanover Insurance Group will post $5.29 EPS for the current year.

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In other news, insider John C. Roche sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $96.00, for a total value of $1,680,000.00. Following the completion of the sale, the insider now owns 42,524 shares of the company’s stock, valued at $4,082,304. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider J Kendall Huber sold 20,960 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the completion of the sale, the insider now directly owns 34,079 shares of the company’s stock, valued at approximately $3,316,909.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,630 shares of company stock worth $4,913,611. Corporate insiders own 1.08% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in shares of The Hanover Insurance Group by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 3,394 shares of the insurance provider’s stock valued at $301,000 after acquiring an additional 24 shares during the period. Creative Planning boosted its position in shares of The Hanover Insurance Group by 1.8% in the second quarter. Creative Planning now owns 3,828 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 69 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of The Hanover Insurance Group by 1.1% in 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 acquiring an additional 83 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after acquiring an additional 89 shares during the period. Finally, World Asset Management Inc boosted its position in shares of The Hanover Insurance Group by 3.8% in the second quarter. World Asset Management Inc now owns 2,715 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 99 shares during the period. 84.16% of the stock is owned by institutional investors.

The Hanover Insurance Group Company Profile

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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