The Hanover Insurance Group (NYSE:THG) Downgraded by Wall Street Zen to Hold

The Hanover Insurance Group (NYSE:THG) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research firms also recently commented on THG. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods raised their price objective on shares of The Hanover Insurance Group from $207.00 to $208.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank Of Canada assumed coverage on The Hanover Insurance Group in a research report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 target price for the company. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $200.60.

The Hanover Insurance Group Trading Up 0.9%

NYSE:THG opened at $180.79 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.42 and a current ratio of 0.44. The Hanover Insurance Group has a one year low of $147.76 and a one year high of $188.18. The business’s 50-day simple moving average is $175.74 and its 200 day simple moving average is $177.10. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 9.95 and a beta of 0.32.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 earnings per share for the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.The business had revenue of $1.67 billion during the quarter. As a group, sell-side analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Richard W. Lavey sold 24,420 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the completion of the sale, the executive vice president directly owned 32,174 shares of the company’s stock, valued at approximately $5,756,572.08. This represents a 43.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in THG. JPL Wealth Management LLC bought a new stake in The Hanover Insurance Group in the 3rd quarter valued at $26,000. Community Bank N.A. acquired a new stake in shares of The Hanover Insurance Group during the 3rd quarter valued at about $27,000. McMillan Office Inc. bought a new stake in The Hanover Insurance Group in the fourth quarter valued at about $31,000. Entrust Financial LLC acquired a new position in The Hanover Insurance Group in the fourth quarter worth about $33,000. Finally, Clearstead Advisors LLC raised its position in The Hanover Insurance Group by 300.0% in the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after purchasing 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.