The Hanover Insurance Group (NYSE:THG) Trading Down 0.2% – What’s Next?

The Hanover Insurance Group, Inc. (NYSE:THG) was down 0.2% on Tuesday . The company traded as low as $161.16 and last traded at $161.44. Approximately 26,456 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 175,070 shares. The stock had previously closed at $161.73.

Wall Street Analysts Forecast Growth

THG has been the topic of several research analyst reports. JMP Securities boosted their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the company a “market outperform” rating in a report on Thursday, October 31st. Oppenheimer boosted their price target on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research note on Thursday, November 21st. Bank of America upped 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 research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $173.83.

The Hanover Insurance Group Trading Up 0.8 %

The company’s fifty day moving average is $152.80 and its two-hundred day moving average is $139.93. 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 stock has a market cap of $5.92 billion, a price-to-earnings ratio of 16.30 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.40. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS. On average, research analysts predict that The Hanover Insurance Group, Inc. will post 11.43 EPS for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.85 per share. The ex-dividend date of this dividend 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 is currently 33.73%.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 300 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $45,000.00. Following the completion of the transaction, the executive vice president now owns 89,733 shares in the company, valued at approximately $13,459,950. This represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 30,551 shares of company stock valued at $4,781,935. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On The Hanover Insurance Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC increased its position in shares of The Hanover Insurance Group by 4.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 97 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in The Hanover Insurance Group in the first quarter valued at approximately $261,000. Tidal Investments LLC acquired a new stake in shares of The Hanover Insurance Group in the first quarter valued at approximately $867,000. Cetera Advisors LLC acquired a new stake in shares of The Hanover Insurance Group in the first quarter valued at approximately $208,000. Finally, Boston Partners grew its position in shares of The Hanover Insurance Group by 111.8% during the first quarter. Boston Partners now owns 12,794 shares of the insurance provider’s stock worth $1,739,000 after acquiring an additional 6,753 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Company Profile

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.