JMP Securities Boosts The Hanover Insurance Group (NYSE:THG) Price Target to $175.00

The Hanover Insurance Group (NYSE:THG) had its price target boosted by analysts at JMP Securities from $160.00 to $175.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “market outperform” rating on the insurance provider’s stock. JMP Securities’ target price would suggest a potential upside of 18.32% from the company’s current price.

THG has been the topic of several other reports. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 13th. Piper Sandler upped their target price on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America lifted their price target on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $168.20.

The Hanover Insurance Group Trading Down 0.3 %

NYSE:THG opened at $147.90 on Thursday. The company has a 50-day moving average price of $147.37 and a 200-day moving average price of $136.32. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 14.67 and a beta of 0.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The Hanover Insurance Group has a 12 month low of $112.22 and a 12 month high of $155.84.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 16.09%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business posted $0.19 earnings per share. The Hanover Insurance Group’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that The Hanover Insurance Group will post 10.92 EPS for the current year.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 300 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the completion of the transaction, the executive vice president now directly owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of The Hanover Insurance Group stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey M. Farber sold 300 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the transaction, the executive vice president now directly owns 89,733 shares in the company, valued at approximately $13,459,950. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,303 shares of company stock valued at $4,372,203. 2.40% of the stock is owned by insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

Large investors have recently bought and sold shares of the business. Lecap Asset Management Ltd. boosted its holdings in shares of The Hanover Insurance Group by 2.0% during the 3rd quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock valued at $622,000 after acquiring an additional 84 shares during the last quarter. Lowe Brockenbrough & Co. Inc. lifted its position in The Hanover Insurance Group by 0.6% during the third quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock valued at $2,176,000 after purchasing an additional 91 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in The Hanover Insurance Group by 4.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 97 shares during the last quarter. Signaturefd LLC grew its position in The Hanover Insurance Group by 8.7% in the 2nd quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock worth $168,000 after purchasing an additional 107 shares during the period. Finally, UMB Bank n.a. raised its stake in The Hanover Insurance Group by 35.4% during the 3rd quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock valued at $62,000 after buying an additional 109 shares during the last quarter. 86.61% of the stock is currently owned by 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.