The Hanover Insurance Group’s (THG) Overweight Rating Reaffirmed at Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of The Hanover Insurance Group (NYSE:THGFree Report) in a research report report published on Monday morning, Benzinga reports. They currently have a $147.00 price target on the insurance provider’s stock.

Several other equities analysts have also recently weighed in on the company. StockNews.com upgraded The Hanover Insurance Group from a hold rating to a buy rating in a report on Thursday, January 11th. Oppenheimer boosted their price target on The Hanover Insurance Group from $135.00 to $150.00 and gave the stock an outperform rating in a report on Friday, February 2nd. TheStreet raised The Hanover Insurance Group from a c+ rating to a b- rating in a report on Tuesday, February 27th. Finally, Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $124.00 to $137.00 and gave the company a market perform rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $140.00.

View Our Latest Research Report on THG

The Hanover Insurance Group Stock Down 1.6 %

Shares of NYSE THG opened at $133.94 on Monday. The firm has a 50 day moving average price of $131.69 and a 200 day moving average price of $123.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $4.80 billion, a P/E ratio of 142.49 and a beta of 0.67. The Hanover Insurance Group has a 52-week low of $103.82 and a 52-week high of $138.00.

The Hanover Insurance Group (NYSE:THGGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.62. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. Analysts expect that The Hanover Insurance Group will post 10.07 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.54%. The Hanover Insurance Group’s dividend payout ratio is presently 361.71%.

Insider Activity at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the completion of the transaction, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at $473,677.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by insiders.

Institutional Trading of The Hanover Insurance Group

A number of large investors have recently bought and sold shares of THG. Raymond James & Associates grew its stake in The Hanover Insurance Group by 14.0% during the first quarter. Raymond James & Associates now owns 14,446 shares of the insurance provider’s stock valued at $2,160,000 after acquiring an additional 1,772 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in The Hanover Insurance Group in the 1st quarter worth approximately $209,000. HighTower Advisors LLC lifted its stake in shares of The Hanover Insurance Group by 3.8% in the 1st quarter. HighTower Advisors LLC now owns 3,679 shares of the insurance provider’s stock valued at $550,000 after purchasing an additional 135 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of The Hanover Insurance Group by 5.6% during the first quarter. PNC Financial Services Group Inc. now owns 5,221 shares of the insurance provider’s stock valued at $780,000 after purchasing an additional 277 shares in the last quarter. Finally, Natixis Advisors L.P. increased its holdings in shares of The Hanover Insurance Group by 2.7% during the first quarter. Natixis Advisors L.P. now owns 13,423 shares of the insurance provider’s stock valued at $2,007,000 after acquiring an additional 355 shares in the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for The Hanover Insurance Group (NYSE:THG)

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