Brokerages Set The Hanover Insurance Group, Inc. (NYSE:THG) PT at $175.25

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $175.25.

A number of brokerages have weighed in on THG. Barclays raised The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a research report on Monday, February 10th. BMO Capital Markets boosted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley upped 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.

The Hanover Insurance Group Stock Performance

THG opened at $170.21 on Wednesday. The business’s 50-day simple moving average is $161.64 and its 200 day simple moving average is $156.29. The firm has a market capitalization of $6.12 billion, a PE ratio of 14.56 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group has a 52-week low of $119.66 and a 52-week high of $173.30.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, sell-side analysts expect that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, March 14th. The Hanover Insurance Group’s payout ratio is 30.80%.

Institutional Investors Weigh In On The Hanover Insurance Group

Several institutional investors have recently made changes to their positions in THG. True Wealth Design LLC bought a new stake in shares of The Hanover Insurance Group in the third quarter valued at approximately $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of The Hanover Insurance Group in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 91.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 213 shares of the insurance provider’s stock valued at $33,000 after buying an additional 102 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of The Hanover Insurance Group by 49.5% in the fourth quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares during the period. Finally, Eagle Bay Advisors LLC boosted its stake in shares of The Hanover Insurance Group by 502.1% in the fourth quarter. Eagle Bay Advisors LLC now owns 283 shares of the insurance provider’s stock valued at $44,000 after buying an additional 236 shares during the period. 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.