The Hanover Insurance Group (NYSE:THG) Stock Rating Upgraded by Zacks Research

The Hanover Insurance Group (NYSE:THG) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Piper Sandler lifted their price target on The Hanover Insurance Group from $204.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price objective on The Hanover Insurance Group from $207.00 to $208.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Monday, April 20th. Citizens Jmp boosted their target price on shares of The Hanover Insurance Group from $200.00 to $205.00 and gave the company a “market outperform” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $203.00.

The Hanover Insurance Group Price Performance

NYSE:THG opened at $184.79 on Monday. The firm’s fifty day moving average is $176.49 and its two-hundred day moving average is $177.07. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 9.30 and a beta of 0.31. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.37 and a current ratio of 0.37. The Hanover Insurance Group has a one year low of $160.70 and a one year high of $191.66.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $1.11. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.58 billion. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $3.87 EPS. Research analysts expect that The Hanover Insurance Group will post 18.02 EPS for the current year.

Insider Buying and Selling at The Hanover Insurance Group

In related news, Director Cynthia Egan sold 3,400 shares of The Hanover Insurance Group stock in a transaction on Friday, May 1st. The shares were sold at an average price of $188.50, for a total value of $640,900.00. Following the sale, the director owned 9,359 shares of the company’s stock, valued at approximately $1,764,171.50. This trade represents a 26.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jane D. Carlin sold 1,200 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $438,344.93. The trade was a 33.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 29,020 shares of company stock valued at $5,227,218. Company insiders own 2.80% of the company’s stock.

Institutional Trading of The Hanover Insurance Group

Several institutional investors have recently modified their holdings of the stock. JPL Wealth Management LLC acquired a new position in shares of The Hanover Insurance Group during the 3rd quarter worth about $26,000. Community Bank N.A. acquired a new stake in The Hanover Insurance Group in the 3rd quarter worth about $27,000. McMillan Office Inc. acquired a new stake in The Hanover Insurance Group in the 4th quarter worth about $31,000. Entrust Financial LLC purchased a new stake in The Hanover Insurance Group during the 4th quarter worth approximately $33,000. Finally, Clearstead Advisors LLC increased its stake in The Hanover Insurance Group by 300.0% during the 3rd quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

About The Hanover Insurance Group

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.