The Hanover Insurance Group (NYSE:THG) Trading Up 0.8% – What’s Next?

The Hanover Insurance Group, Inc. (NYSE:THG) shares rose 0.8% on Thursday . The stock traded as high as $164.95 and last traded at $164.27. Approximately 140,414 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 175,748 shares. The stock had previously closed at $163.04.

Analyst Upgrades and Downgrades

Several research analysts have commented on THG shares. Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Piper Sandler upped their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. JMP Securities raised their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a research report on Thursday, October 31st. Bank of America boosted their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Oppenheimer lifted their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.83.

The Hanover Insurance Group Price Performance

The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.92 billion, a PE ratio of 16.30 and a beta of 0.70. The stock has a 50 day moving average price of $153.09 and a two-hundred day moving average price of $140.10.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.40. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The Hanover Insurance Group’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. As a group, equities analysts expect that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.85 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.40 annualized dividend and a dividend yield of 2.07%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 33.73%.

Insider Activity

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 1,200 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $150.11, for a total value of $180,132.00. Following the transaction, the executive vice president now directly owns 85,983 shares in the company, valued at $12,906,908.13. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 30,551 shares of company stock worth $4,781,935 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On The Hanover Insurance Group

Hedge funds have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its stake in shares of The Hanover Insurance Group by 4.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 97 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in The Hanover Insurance Group in the 1st quarter valued at about $261,000. Tidal Investments LLC purchased a new position in The Hanover Insurance Group in the first quarter worth approximately $867,000. Cetera Advisors LLC acquired a new position in The Hanover Insurance Group during the 1st quarter worth approximately $208,000. Finally, Boston Partners increased its position in shares of The Hanover Insurance Group by 111.8% in the 1st quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock valued at $1,739,000 after purchasing an additional 6,753 shares during 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, 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.