The Hanover Insurance Group (NYSE:THG) PT Raised to $165.00 at Oppenheimer

The Hanover Insurance Group (NYSE:THG) had its price target raised by stock analysts at Oppenheimer from $150.00 to $165.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Oppenheimer’s price target indicates a potential upside of 23.47% from the stock’s current price.

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

The Hanover Insurance Group Trading Up 2.3 %

Shares of The Hanover Insurance Group stock opened at $133.64 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 0.38. The Hanover Insurance Group has a 52 week low of $103.82 and a 52 week high of $138.00. The stock has a 50 day moving average price of $130.71 and a two-hundred day moving average price of $126.45. The stock has a market capitalization of $4.80 billion, a PE ratio of 29.96 and a beta of 0.67.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.62. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.56 billion. As a group, equities analysts anticipate that The Hanover Insurance Group will post 10.03 earnings per share for the current fiscal year.

Institutional Trading of The Hanover Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. raised 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 buying an additional 84 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of The Hanover Insurance Group by 1.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock valued at $976,000 after buying an additional 109 shares in the last quarter. Assetmark Inc. raised its position in shares of The Hanover Insurance Group by 13.8% during the 3rd quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock valued at $104,000 after buying an additional 113 shares in the last quarter. Arizona State Retirement System raised its position in shares of The Hanover Insurance Group by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,172 shares of the insurance provider’s stock valued at $1,129,000 after buying an additional 139 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC raised its position in shares of The Hanover Insurance Group by 3.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 3,948 shares of the insurance provider’s stock valued at $438,000 after buying an additional 144 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

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.