The Hanover Insurance Group, Inc. (NYSE:THG) Receives $175.25 Average PT from Brokerages

The Hanover Insurance Group, Inc. (NYSE:THG) has received an average rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $175.25.

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $176.00 to $179.00 and gave the company a “market perform” rating in a research report on Monday, February 10th. BMO Capital Markets upped their price target on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Morgan Stanley upped their price target on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Oppenheimer upped their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC grew its stake in The Hanover Insurance Group by 0.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 7,163 shares of the insurance provider’s stock worth $1,092,000 after acquiring an additional 65 shares in the last quarter. AMG National Trust Bank grew its stake in 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 worth $1,658,000 after acquiring an additional 71 shares in the last quarter. Captrust Financial Advisors grew its stake in 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 acquiring an additional 81 shares in the last quarter. Lecap Asset Management Ltd. grew its stake in The Hanover Insurance Group by 2.0% in 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 grew its stake in The Hanover Insurance Group by 0.9% in the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock worth $1,501,000 after acquiring an additional 85 shares in the last quarter. 86.61% of the stock is currently owned by institutional investors.

The Hanover Insurance Group Stock Up 2.7 %

Shares of THG stock opened at $170.46 on Friday. The company’s fifty day simple moving average is $156.75 and its two-hundred day simple moving average is $152.68. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The stock has a market cap of $6.14 billion, a P/E ratio of 14.58 and a beta of 0.72. The Hanover Insurance Group has a 52 week low of $119.66 and a 52 week high of $170.61.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%. Analysts predict that The Hanover Insurance Group will post 14.37 EPS 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 paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a yield of 2.11%. The Hanover Insurance Group’s dividend payout ratio is currently 30.80%.

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.