The Hanover Insurance Group (NYSE:THG) Stock Rating Lowered by Wall Street Zen

The Hanover Insurance Group (NYSE:THG) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a report on Wednesday, February 25th. Royal Bank Of Canada began coverage on shares of The Hanover Insurance Group in a research report on Monday, November 24th. They set a “sector perform” rating and a $200.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, The Hanover Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $200.60.

The Hanover Insurance Group Stock Up 0.9%

Shares of NYSE:THG opened at $180.79 on Friday. The firm has a market cap of $6.35 billion, a P/E ratio of 9.95 and a beta of 0.31. The Hanover Insurance Group has a 12-month low of $147.76 and a 12-month high of $188.18. The business has a fifty day simple moving average of $175.74 and a 200 day simple moving average of $177.19. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.24.

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

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Richard W. Lavey sold 24,420 shares of the stock in a transaction dated 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 owned 32,174 shares of the company’s stock, valued at $5,756,572.08. This represents a 43.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of The Hanover Insurance Group during the fourth quarter valued at approximately $83,817,000. Alliancebernstein L.P. grew its position in The Hanover Insurance Group by 36.1% in the 2nd quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider’s stock valued at $217,505,000 after purchasing an additional 339,896 shares during the period. AQR Capital Management LLC increased its stake in The Hanover Insurance Group by 37.8% during the 3rd quarter. AQR Capital Management LLC now owns 763,431 shares of the insurance provider’s stock valued at $137,967,000 after purchasing an additional 209,616 shares in the last quarter. Invesco Ltd. raised its holdings in The Hanover Insurance Group by 44.1% during the fourth quarter. Invesco Ltd. now owns 646,910 shares of the insurance provider’s stock worth $118,236,000 after buying an additional 197,930 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in shares of The Hanover Insurance Group by 206.0% in the third quarter. Balyasny Asset Management L.P. now owns 292,121 shares of the insurance provider’s stock valued at $53,058,000 after buying an additional 196,655 shares in the last quarter. 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 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.