Shares of The Hanover Insurance Group Inc. (NYSE:THG) have received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. The Hanover Insurance Group’s rating score has improved by 14.2% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price target of $98.00 for the company and are expecting that the company will post $1.40 earnings per share for the current quarter, according to Zacks. Zacks has also given The Hanover Insurance Group an industry rank of 169 out of 265 based on the ratings given to related companies.

A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Thursday. JMP Securities reissued an “outperform” rating and issued a $95.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, September 12th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $94.00 target price (down previously from $99.00) on shares of The Hanover Insurance Group in a report on Wednesday, August 3rd.

The Hanover Insurance Group (NYSE:THG) opened at 74.72 on Wednesday. The Hanover Insurance Group has a one year low of $74.69 and a one year high of $91.30. The stock has a market cap of $3.19 billion, a PE ratio of 13.91 and a beta of 0.91. The company’s 50 day moving average is $79.13 and its 200 day moving average is $84.05.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.02. The Hanover Insurance Group had a net margin of 4.83% and a return on equity of 9.51%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $1.56 EPS. The company’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts expect that The Hanover Insurance Group will post $5.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Wednesday, September 14th. The Hanover Insurance Group’s payout ratio is 34.39%.

In other news, insider Christine Bilotti-Peterson sold 3,600 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $82.31, for a total value of $296,316.00. Following the completion of the transaction, the insider now owns 6,390 shares in the company, valued at approximately $525,960.90. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.49% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of THG. Vanguard Group Inc. boosted its stake in shares of The Hanover Insurance Group by 4.6% in the second quarter. Vanguard Group Inc. now owns 3,585,420 shares of the company’s stock worth $303,398,000 after buying an additional 158,764 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of The Hanover Insurance Group by 4.0% in the second quarter. BlackRock Fund Advisors now owns 1,499,162 shares of the company’s stock worth $126,859,000 after buying an additional 58,111 shares in the last quarter. State Street Corp boosted its stake in shares of The Hanover Insurance Group by 2.6% in the second quarter. State Street Corp now owns 1,383,268 shares of the company’s stock worth $117,053,000 after buying an additional 35,258 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of The Hanover Insurance Group by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 748,708 shares of the company’s stock worth $63,355,000 after buying an additional 49,943 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of The Hanover Insurance Group by 8.9% in the second quarter. AQR Capital Management LLC now owns 622,049 shares of the company’s stock worth $52,638,000 after buying an additional 50,689 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company’s primary business operations are property and casualty insurance products and services. The Company operates through four segments: Commercial Lines, Personal Lines, Chaucer and Other. The Company’s Commercial Lines product suite provides agents and customers with products designed for small, middle and specialized markets.

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