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

Shares of The Hanover Insurance Group, Inc. (NYSE:THG) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is $175.25.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods upped their price target on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Piper Sandler lifted their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Morgan Stanley upped their target price on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, Janney Montgomery Scott downgraded shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target for the company. in a research note on Thursday, November 21st.

The Hanover Insurance Group Trading Down 0.4 %

The Hanover Insurance Group stock opened at $161.25 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $5.81 billion, a P/E ratio of 13.79 and a beta of 0.72. The firm’s 50 day moving average price is $156.51 and its 200-day moving average price is $152.59. The Hanover Insurance Group has a 1 year low of $119.66 and a 1 year high of $166.98.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data 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%. On average, equities analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.90 per share. The ex-dividend date is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.23%. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in THG. CIBC Private Wealth Group LLC grew its stake in The Hanover Insurance Group by 0.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider’s stock valued at $1,092,000 after purchasing an additional 65 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of The Hanover Insurance Group by 0.7% in the 4th quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after buying an additional 71 shares in the last quarter. Captrust Financial Advisors grew its position in shares of The Hanover Insurance Group by 4.7% in the 3rd quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock worth $270,000 after buying an additional 81 shares during the last quarter. Lecap Asset Management Ltd. raised its stake 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 worth $622,000 after acquiring an additional 84 shares in the last quarter. Finally, Ironwood Investment Management LLC lifted its position in The Hanover Insurance Group by 0.9% during the fourth quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock valued at $1,501,000 after acquiring an additional 85 shares during the last quarter. 86.61% of the stock is currently owned by hedge funds and other 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.