The Hanover Insurance Group, Inc. (NYSE:THG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The Hanover Insurance Group, Inc. (NYSE:THG) has earned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $188.00.

A number of equities analysts have weighed in on THG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday. Morgan Stanley increased their target price on shares of The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday. JMP Securities set a $205.00 price objective on shares of The Hanover Insurance Group in a research report on Thursday, July 31st. Keefe, Bruyette & Woods upgraded shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price objective for the company in a research report on Wednesday, July 9th. Finally, Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a research report on Thursday, July 31st.

Hedge Funds Weigh In On The Hanover Insurance Group

Large investors have recently modified their holdings of the company. Truist Financial Corp increased its stake in shares of The Hanover Insurance Group by 2.8% in the second quarter. Truist Financial Corp now owns 2,255 shares of the insurance provider’s stock worth $383,000 after buying an additional 62 shares during the period. HM Payson & Co. increased its stake in shares of The Hanover Insurance Group by 6.7% in the first quarter. HM Payson & Co. now owns 1,063 shares of the insurance provider’s stock worth $185,000 after buying an additional 67 shares during the period. Evergreen Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 3.8% in the first quarter. Evergreen Capital Management LLC now owns 1,811 shares of the insurance provider’s stock worth $315,000 after buying an additional 67 shares during the period. Buckhead Capital Management LLC increased its stake in shares of The Hanover Insurance Group by 2.2% in the third quarter. Buckhead Capital Management LLC now owns 3,435 shares of the insurance provider’s stock worth $624,000 after buying an additional 75 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of The Hanover Insurance Group by 20.3% in the second quarter. UMB Bank n.a. now owns 468 shares of the insurance provider’s stock worth $79,000 after buying an additional 79 shares during the period. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $179.10 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.41 billion, a PE ratio of 11.79 and a beta of 0.44. The Hanover Insurance Group has a twelve month low of $145.17 and a twelve month high of $186.46. The company has a 50-day moving average price of $175.81 and a two-hundred day moving average price of $169.75.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, topping analysts’ consensus estimates of $3.07 by $1.28. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $1.88 earnings per share. Equities analysts forecast that The Hanover Insurance Group will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, September 12th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 23.70%.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.