The Hanover Insurance Group, Inc. (NYSE:THG) Receives $175.25 Consensus PT from Analysts

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have received an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $175.25.

Several analysts recently commented on THG shares. JMP Securities raised their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 31st. Oppenheimer lifted their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Morgan Stanley lifted their target price on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. BMO Capital Markets upped their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Janney Montgomery Scott cut shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price for the company. in a research note on Thursday, November 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC grew its holdings in shares of The Hanover Insurance Group by 14,711.0% during the third quarter. International Assets Investment Management LLC now owns 552,450 shares of the insurance provider’s stock worth $81,823,000 after purchasing an additional 548,720 shares during the last quarter. Norges Bank acquired a new position in shares of The Hanover Insurance Group during the fourth quarter worth approximately $67,928,000. Franklin Resources Inc. grew its holdings in The Hanover Insurance Group by 28.6% during the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider’s stock worth $188,363,000 after buying an additional 270,491 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in The Hanover Insurance Group by 10.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,484,592 shares of the insurance provider’s stock worth $219,883,000 after buying an additional 143,339 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in The Hanover Insurance Group during the fourth quarter worth $21,797,000. Institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Stock Up 1.5 %

NYSE:THG opened at $158.88 on Friday. The Hanover Insurance Group has a 12-month low of $119.66 and a 12-month high of $166.98. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $5.72 billion, a P/E ratio of 13.59 and a beta of 0.72. The stock’s fifty day simple moving average is $156.09 and its 200-day simple moving average is $152.32.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. Equities research analysts expect that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.27%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 30.80%.

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.