Brokerages Set The Hanover Insurance Group, Inc. (NYSE:THG) PT at $200.60

The Hanover Insurance Group, Inc. (NYSE:THG) has been assigned an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $199.50.

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods increased their price target on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $173.30 on Friday. The business’s 50-day moving average price is $173.87 and its 200 day moving average price is $176.96. The Hanover Insurance Group has a twelve month low of $147.76 and a twelve month high of $188.18. The company has a market capitalization of $6.10 billion, a PE ratio of 9.54 and a beta of 0.31. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.24.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 EPS for the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The company had revenue of $1.67 billion during the quarter. On average, research analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, March 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 20.91%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,200 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $180.91, for a total transaction of $217,092.00. Following the completion of the sale, the director directly owned 2,423 shares in the company, valued at $438,344.93. This represents a 33.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard W. Lavey sold 24,420 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $178.92, for a total value of $4,369,226.40. Following the completion of the transaction, the executive vice president owned 32,174 shares in the company, valued at approximately $5,756,572.08. This trade represents a 43.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is currently owned by company insiders.

Institutional Trading of The Hanover Insurance Group

A number of institutional investors have recently modified their holdings of the company. JPL Wealth Management LLC purchased a new position in The Hanover Insurance Group in the third quarter valued at approximately $26,000. Community Bank N.A. purchased a new stake in The Hanover Insurance Group during the third quarter worth approximately $27,000. McMillan Office Inc. purchased a new stake in The Hanover Insurance Group during the fourth quarter worth approximately $31,000. Entrust Financial LLC acquired a new stake in shares of The Hanover Insurance Group in the fourth quarter worth $33,000. Finally, Clearstead Advisors LLC raised its stake in shares of The Hanover Insurance Group by 300.0% in the 3rd quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 86.61% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.