Brokerages Set The Hanover Insurance Group, Inc. (NYSE:THG) PT at $178.00

The Hanover Insurance Group, Inc. (NYSE:THG) has received a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $178.00.

A number of analysts recently weighed in on THG shares. Keefe, Bruyette & Woods cut their price target on shares of The Hanover Insurance Group from $179.00 to $171.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets increased their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Morgan Stanley boosted their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Barclays raised The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Finally, Piper Sandler boosted their target price on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, CEO John C. Roche sold 301 shares of the business’s 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 of the company’s stock, valued at $21,772,450. The trade was a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.50% of the company’s stock.

Institutional Trading of The Hanover Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of The Hanover Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider’s stock worth $558,934,000 after purchasing an additional 23,565 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of The Hanover Insurance Group by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider’s stock valued at $230,349,000 after buying an additional 4,799 shares in the last quarter. Franklin Resources Inc. increased its holdings in The Hanover Insurance Group by 28.6% during the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider’s stock worth $188,363,000 after buying an additional 270,491 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in The Hanover Insurance Group by 4.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider’s stock worth $168,237,000 after acquiring an additional 43,918 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in The Hanover Insurance Group by 15.7% in the fourth quarter. American Century Companies Inc. now owns 958,858 shares of the insurance provider’s stock valued at $148,297,000 after acquiring an additional 130,054 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of THG stock opened at $159.83 on Friday. The firm’s 50 day moving average price is $164.83 and its two-hundred day moving average price is $158.43. The stock has a market cap of $5.74 billion, a PE ratio of 13.67 and a beta of 0.47. The Hanover Insurance Group has a 52-week low of $119.66 and a 52-week high of $176.16. 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 data on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping analysts’ consensus estimates 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, 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, March 28th. Investors of record on Friday, March 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.25%. The Hanover Insurance Group’s payout ratio is presently 30.80%.

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.