The Hanover Insurance Group, Inc. (NYSE:THG) Stock Has Average Price Target of $236.62

The Hanover Insurance Group, Inc. (NYSE:THG) has received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $236.62.

THG has been the subject of several analyst reports. Zacks Research raised The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Weiss Ratings raised The Hanover Insurance Group from a “buy (a)” rating to a “buy (a+)” rating in a research report on Thursday, October 8th. Jefferies Financial Group set a $248.00 price target on The Hanover Insurance Group in a report on Friday, November 6th. Citigroup restated a “market outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, October 29th. Finally, Piper Sandler downgraded The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 price target for the company. in a research report on Wednesday, July 15th.

The Hanover Insurance Group Price Performance

THG stock opened at $248.44 on Monday. The Hanover Insurance Group has a 52 week low of $166.54 and a 52 week high of $256.74. The firm has a market capitalization of $8.54 billion, a P/E ratio of 11.64 and a beta of 0.24. The company has a fifty day simple moving average of $229.79 and a two-hundred day simple moving average of $203.15. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.23.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, October 28th. The insurance provider reported $5.15 EPS for the quarter, topping the consensus estimate of $4.62 by $0.53. The Hanover Insurance Group had a return on equity of 21.63% and a net margin of 10.97%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $5.09 earnings per share. Analysts anticipate that The Hanover Insurance Group will post 20.80 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.80 annualized dividend and a dividend yield of 1.5%. The Hanover Insurance Group’s dividend payout ratio is currently 18.17%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Willard Lee sold 9,946 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $249.14, for a total value of $2,477,946.44. Following the completion of the sale, the executive vice president owned 6,004 shares in the company, valued at approximately $1,495,836.56. This trade represents a 62.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dennis Kerrigan sold 2,104 shares of The Hanover Insurance Group stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $222.41, for a total transaction of $467,950.64. Following the transaction, the executive vice president directly owned 12,003 shares of the company’s stock, valued at approximately $2,669,587.23. This represents a 14.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,601 shares of company stock worth $4,392,292. Insiders own 2.80% of the company’s stock.

Institutional Trading of The Hanover Insurance Group

Several institutional investors have recently added to or reduced their stakes in THG. Basecamp Wealth Advisors LLC grew its stake in shares of The Hanover Insurance Group by 19.1% during the first quarter. Basecamp Wealth Advisors LLC now owns 343 shares of the insurance provider’s stock valued at $59,000 after buying an additional 55 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of The Hanover Insurance Group by 0.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,841 shares of the insurance provider’s stock worth $1,522,000 after acquiring an additional 56 shares during the last quarter. Allworth Financial LP boosted its holdings in The Hanover Insurance Group by 3.3% during the 3rd quarter. Allworth Financial LP now owns 1,803 shares of the insurance provider’s stock valued at $386,000 after acquiring an additional 57 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in The Hanover Insurance Group by 5.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the insurance provider’s stock valued at $195,000 after acquiring an additional 59 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in The Hanover Insurance Group by 7.1% during the 3rd quarter. Versant Capital Management Inc now owns 922 shares of the insurance provider’s stock valued at $197,000 after acquiring an additional 61 shares during the period. Institutional investors own 86.61% of the company’s stock.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc. is a property and casualty insurer founded in 1852 as the Hanover Fire Insurance Company. Headquartered in Worcester, Massachusetts, it provides insurance products and services primarily in the United States. The company offers personal insurance, including coverage for homes and automobiles, as well as commercial insurance for businesses. Its commercial offerings include coverage for small and midsize businesses and specialty risks. The Hanover distributes its products mainly through independent insurance agents and brokers, working with them to serve individuals, families, and businesses.