The Hanover Insurance Group (NYSE:THG) Stock Price Expected to Rise, Piper Sandler Analyst Says

The Hanover Insurance Group (NYSE:THG) had its price target raised by investment analysts at Piper Sandler from $190.00 to $205.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Piper Sandler’s price target points to a potential upside of 16.98% from the stock’s current price.

THG has been the topic of several other reports. Morgan Stanley raised their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price objective on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. Finally, Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $179.00.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $175.24 on Tuesday. The firm has a market cap of $6.30 billion, a P/E ratio of 14.99 and a beta of 0.65. The firm has a fifty day moving average of $164.56 and a two-hundred day moving average of $157.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group has a 1-year low of $119.66 and a 1-year high of $176.16.

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

Insider Buying and Selling

In related news, CEO John C. Roche sold 301 shares of The Hanover Insurance Group stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $175.00, for a total transaction of $52,675.00. Following the sale, the chief executive officer now directly owns 124,414 shares in the company, valued at $21,772,450. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On The Hanover Insurance Group

Several large investors have recently bought and sold shares of THG. Cerity Partners LLC increased its stake in shares of The Hanover Insurance Group by 23.7% during the third quarter. Cerity Partners LLC now owns 5,617 shares of the insurance provider’s stock valued at $832,000 after acquiring an additional 1,078 shares during the period. FMR LLC boosted its stake in The Hanover Insurance Group by 11.5% during the 3rd quarter. FMR LLC now owns 170,615 shares of the insurance provider’s stock valued at $25,270,000 after purchasing an additional 17,583 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of The Hanover Insurance Group by 104.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after purchasing an additional 6,112 shares during the period. Martingale Asset Management L P raised its stake in shares of The Hanover Insurance Group by 11.0% in the 3rd quarter. Martingale Asset Management L P now owns 1,802 shares of the insurance provider’s stock worth $267,000 after buying an additional 178 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of The Hanover Insurance Group by 4.7% in the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock valued at $270,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 86.61% of the company’s stock.

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.