The Hanover Insurance Group, Inc. (NYSE:THG) Given Consensus Rating of “Moderate Buy” by Brokerages

The Hanover Insurance Group, Inc. (NYSE:THG) has been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $215.4286.

THG has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of The Hanover Insurance Group from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, May 22nd. Citizens Jmp increased their target price on The Hanover Insurance Group from $205.00 to $225.00 and gave the stock a “market outperform” rating in a research note on Friday. Royal Bank Of Canada raised their price objective on shares of The Hanover Insurance Group from $190.00 to $195.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Piper Sandler increased their price objective on The Hanover Insurance Group from $212.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $220.00 target price (up from $211.00) on shares of The Hanover Insurance Group in a report on Wednesday.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Denise Lowsley sold 4,175 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $191.73, for a total transaction of $800,472.75. Following the transaction, the executive vice president owned 3,883 shares in the company, valued at $744,487.59. This trade represents a 51.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John C. Roche sold 8,358 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $193.74, for a total transaction of $1,619,278.92. Following the completion of the transaction, the chief executive officer owned 141,011 shares of the company’s stock, valued at $27,319,471.14. The trade was a 5.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,508 shares of company stock valued at $5,704,651 in the last ninety days. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

Hedge funds have recently made changes to their positions in the stock. JPL Wealth Management LLC acquired a new stake in shares of The Hanover Insurance Group during the third quarter valued at about $26,000. Community Bank N.A. acquired a new position in shares of The Hanover Insurance Group in the third quarter valued at approximately $27,000. McMillan Office Inc. bought a new position in The Hanover Insurance Group in the 4th quarter valued at approximately $31,000. Entrust Financial LLC acquired a new stake in The Hanover Insurance Group during the 4th quarter worth approximately $33,000. Finally, Root Financial Partners LLC boosted its position in The Hanover Insurance Group by 69.3% during the 1st quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock worth $41,000 after buying an additional 97 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded down $0.40 during trading on Tuesday, reaching $213.94. The company’s stock had a trading volume of 267,246 shares, compared to its average volume of 323,827. The Hanover Insurance Group has a one year low of $162.66 and a one year high of $225.29. The stock has a 50-day moving average price of $198.76 and a two-hundred day moving average price of $183.87. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $7.49 billion, a P/E ratio of 10.77 and a beta of 0.28.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $1.11. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $3.87 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Hanover Insurance Group will post 18.38 EPS for the current fiscal year.

The Hanover Insurance Group announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 13th that authorizes the company to buyback $700.00 million in shares. This buyback authorization authorizes the insurance provider to reacquire up to 10.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, June 12th. The Hanover Insurance Group’s payout ratio is 19.12%.

The Hanover Insurance Group Company Profile

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.