Royal Bank Of Canada Has Lowered Expectations for The Hanover Insurance Group (NYSE:THG) Stock Price

The Hanover Insurance Group (NYSE:THG) had its target price decreased by investment 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 target price suggests a potential upside of 6.34% from the company’s current price.

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

The Hanover Insurance Group Trading Up 1.8%

Shares of The Hanover Insurance Group stock opened at $178.68 on Tuesday. 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 firm has a fifty day moving average price of $174.43 and a 200 day moving average price of $176.96. The Hanover Insurance Group has a 1 year low of $147.76 and a 1 year high of $188.18. The stock has a market cap of $6.29 billion, a PE ratio of 9.83 and a beta of 0.29.

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

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 24,420 shares of the 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 directly owned 32,174 shares of the company’s stock, valued at $5,756,572.08. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jane D. Carlin sold 1,200 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $180.91, for a total transaction of $217,092.00. Following the transaction, the director directly owned 2,423 shares in the company, valued at approximately $438,344.93. The trade was a 33.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.50% of the stock is owned by insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

Several large investors have recently bought and sold shares of THG. JPL Wealth Management LLC purchased a new stake in The Hanover Insurance Group during the 3rd quarter worth approximately $26,000. Community Bank N.A. purchased a new stake in The Hanover Insurance Group during the 3rd quarter worth approximately $27,000. McMillan Office Inc. purchased a new stake in The Hanover Insurance Group during the 4th quarter worth approximately $31,000. Entrust Financial LLC purchased a new stake in The Hanover Insurance Group during the 4th quarter worth approximately $33,000. Finally, Clearstead Advisors LLC increased its stake in The Hanover Insurance Group by 300.0% during 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 hedge funds and other institutional investors.

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.