The Hanover Insurance Group, Inc. (NYSE:THG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The Hanover Insurance Group, Inc. (NYSE:THGGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $140.00.

Several equities research analysts have commented on THG shares. Keefe, Bruyette & Woods boosted their target price on The Hanover Insurance Group from $124.00 to $137.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Oppenheimer boosted their target price on The Hanover Insurance Group from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Piper Sandler boosted their target price on The Hanover Insurance Group from $143.00 to $147.00 and gave the company an “overweight” rating in a research note on Monday.

Get Our Latest Report on The Hanover Insurance Group

The Hanover Insurance Group Trading Up 1.7 %

NYSE:THG opened at $134.15 on Tuesday. The Hanover Insurance Group has a fifty-two week low of $103.82 and a fifty-two week high of $144.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $4.80 billion, a PE ratio of 142.71 and a beta of 0.68. The business’s 50-day simple moving average is $126.11 and its 200-day simple moving average is $117.72.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 2.53%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Thursday, December 14th. The Hanover Insurance Group’s dividend payout ratio is currently 361.71%.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the transaction, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at approximately $473,677.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of The Hanover Insurance Group by 55.6% during the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 84 shares during the period. Advisors Asset Management Inc. lifted its position in shares of The Hanover Insurance Group by 129.8% during the 4th quarter. Advisors Asset Management Inc. now owns 216 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 122 shares during the period. Baystate Wealth Management LLC lifted its position in shares of The Hanover Insurance Group by 4,400.0% during the 4th quarter. Baystate Wealth Management LLC now owns 360 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 352 shares during the period. Chilton Capital Management LLC bought a new stake in shares of The Hanover Insurance Group during the 1st quarter valued at $73,000. Finally, Covestor Ltd lifted its position in shares of The Hanover Insurance Group by 35.4% during the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 136 shares during the period. 84.89% of the stock is owned by institutional investors and hedge funds.

About The Hanover Insurance Group

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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.

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Analyst Recommendations for The Hanover Insurance Group (NYSE:THG)

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