The Hanover Insurance Group (NYSE:THG) Given New $165.00 Price Target at Oppenheimer

The Hanover Insurance Group (NYSE:THG) had its price objective increased by Oppenheimer from $150.00 to $165.00 in a research report released on Friday morning, Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

A number of other research firms have also commented on THG. Keefe, Bruyette & Woods raised their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a market perform rating in a research note on Wednesday, April 10th. JMP Securities reissued a market outperform rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 15th. TheStreet raised The Hanover Insurance Group from a c+ rating to a b- rating in a research note on Tuesday, February 27th. Piper Sandler reaffirmed an overweight rating and set a $147.00 target price on shares of The Hanover Insurance Group in a report on Monday, April 1st. Finally, StockNews.com raised shares of The Hanover Insurance Group from a hold rating to a buy rating in a report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $143.33.

The Hanover Insurance Group Stock Up 0.9 %

The Hanover Insurance Group stock opened at $134.81 on Friday. The Hanover Insurance Group has a 52 week low of $103.82 and a 52 week high of $138.00. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 30.23 and a beta of 0.67. The company’s 50-day moving average price is $130.72 and its two-hundred day moving average price is $126.61. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.31.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.85 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.52%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 76.23%.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of institutional investors have recently bought and sold shares of the stock. Pinnacle Associates Ltd. raised its stake in The Hanover Insurance Group by 1.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 14,450 shares of the insurance provider’s stock valued at $1,604,000 after purchasing an additional 224 shares during the period. Brown Advisory Inc. raised its position in The Hanover Insurance Group by 3.0% during the third quarter. Brown Advisory Inc. now owns 253,367 shares of the insurance provider’s stock valued at $28,119,000 after buying an additional 7,273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in The Hanover Insurance Group by 27.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,747 shares of the insurance provider’s stock worth $860,000 after acquiring an additional 1,658 shares in the last quarter. Mackenzie Financial Corp lifted its stake in The Hanover Insurance Group by 60.1% in the 3rd quarter. Mackenzie Financial Corp now owns 5,129 shares of the insurance provider’s stock worth $566,000 after acquiring an additional 1,925 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in The Hanover Insurance Group during the 3rd quarter worth about $455,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc, 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.