The Hanover Insurance Group, Inc. (NYSE:THG) Receives Average Recommendation of “Hold” from Brokerages

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four 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 $175.25.

A number of research firms recently commented on THG. Oppenheimer increased their target price on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Piper Sandler increased their target price on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price for the company. in a research report on Thursday, November 21st. Finally, BMO Capital Markets increased their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

The Hanover Insurance Group Price Performance

Shares of THG opened at $170.46 on Friday. The company has a 50 day moving average price of $156.75 and a 200-day moving average price of $152.68. The Hanover Insurance Group has a fifty-two week low of $119.66 and a fifty-two week high of $170.61. The stock has a market capitalization of $6.14 billion, a PE ratio of 14.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. Equities analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.90 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.11%. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. True Wealth Design LLC purchased a new position in shares of The Hanover Insurance Group in the third quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of The Hanover Insurance Group in the third quarter worth $30,000. EverSource Wealth Advisors LLC increased its stake in shares of The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 102 shares during the period. Venturi Wealth Management LLC increased its stake in shares of The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 90 shares during the period. Finally, Eagle Bay Advisors LLC increased its stake in shares of The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 236 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

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.