The Hanover Insurance Group, Inc. (NYSE:THG) Stock Has Consensus Price Target of $231.43

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $231.43.

THG has been the topic of a number of recent research reports. Zacks Research raised shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Citizens Jmp lifted their price target on shares of The Hanover Insurance Group from $225.00 to $240.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on shares of The Hanover Insurance Group from $215.00 to $235.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Piper Sandler lowered shares of The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 price objective on the stock. in a research note on Wednesday, July 15th. Finally, Citigroup restated an “outperform” rating on shares of The Hanover Insurance Group in a report on Friday, July 10th.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $232.88 on Thursday. The business’s fifty day moving average is $223.96 and its 200 day moving average is $207.32. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 11.12 and a beta of 0.23. The Hanover Insurance Group has a twelve month low of $166.54 and a twelve month high of $236.07.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $5.31 EPS for the quarter, beating the consensus estimate of $3.84 by $1.47. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.35 earnings per share. Research analysts expect that The Hanover Insurance Group will post 20.25 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, September 11th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 18.14%.

Insider Activity at The Hanover Insurance Group

In related news, Director Jane Carlin sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $231.50, for a total value of $231,500.00. Following the sale, the director owned 2,270 shares in the company, valued at $525,505. This represents a 30.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dennis Kerrigan sold 6,551 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $220.79, for a total value of $1,446,395.29. Following the transaction, the executive vice president directly owned 12,003 shares of the company’s stock, valued at approximately $2,650,142.37. This trade represents a 35.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,655 shares of company stock valued at $2,145,846 over the last quarter. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in The Hanover Insurance Group in the 2nd quarter worth about $756,471,000. Bank of New York Mellon Corp bought a new position in The Hanover Insurance Group during the 2nd quarter valued at about $69,481,000. Bank of America Corp DE bought a new position in The Hanover Insurance Group during the 2nd quarter valued at about $47,734,000. Primecap Management Co. CA bought a new position in The Hanover Insurance Group during the 2nd quarter valued at about $37,844,000. Finally, William Blair Investment Management LLC bought a new position in The Hanover Insurance Group during the 2nd quarter valued at about $33,034,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance holding company headquartered in Worcester, Massachusetts. Founded in 1852, the company operates through a network of independent agents and provides insurance products and services primarily in the United States.

The company’s business is organized around personal, commercial and specialty insurance. Its personal lines include automobile, homeowners, condominium, renters and umbrella coverage. Commercial offerings include property, liability, workers’ compensation, commercial automobile and package policies for small and middle-market businesses, while specialty products serve selected industries and professional risks.

The Hanover also provides risk-management resources, claims services and related support to policyholders and agents.