By otakuyassine3@gmail.com 
The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report)’s share price shot up 0.3% on Wednesday . The stock traded as high as $152.93 and last traded at $152.64. 16,465 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 174,715 shares. The stock had previously closed at $152.13.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. BMO Capital Markets lifted their target price on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday. JMP Securities raised their price objective on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Bank of America upped their target price on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted 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. Finally, Oppenheimer upped 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 report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.13.
Read Our Latest Stock Analysis on THG
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 $5.53 billion, a price-to-earnings ratio of 15.23 and a beta of 0.71. The company’s 50-day moving average price is $156.58 and its 200-day moving average price is $142.81.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, beating the consensus estimate of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company posted $0.19 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts forecast that The Hanover Insurance Group, Inc. will post 11.41 EPS for the current year.
The Hanover Insurance Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.35%. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Friday, December 13th. The Hanover Insurance Group’s payout ratio is presently 35.71%.
Insider Buying and Selling at The Hanover Insurance Group
In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 12,000 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $155.08, for a total value of $1,860,960.00. Following the sale, the executive vice president now directly owns 66,091 shares of the company’s stock, valued at approximately $10,249,392.28. This represents a 15.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 29,051 shares of company stock valued at $4,556,803 in the last quarter. Corporate insiders own 2.40% of the company’s stock.
Institutional Investors Weigh In On The Hanover Insurance Group
Several institutional investors have recently modified their holdings of THG. Captrust Financial Advisors raised its stake in The Hanover Insurance Group by 4.7% in the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock valued at $270,000 after buying an additional 81 shares in the last quarter. Lecap Asset Management Ltd. increased its holdings in shares of 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 valued at $622,000 after acquiring an additional 84 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in shares of The Hanover Insurance Group by 0.6% during the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 14,693 shares of the insurance provider’s stock worth $2,176,000 after acquiring an additional 91 shares in the last quarter. Signaturefd LLC lifted its stake in The Hanover Insurance Group by 8.7% during the second quarter. Signaturefd LLC now owns 1,336 shares of the insurance provider’s stock worth $168,000 after purchasing an additional 107 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in The Hanover Insurance Group by 35.4% during the third quarter. UMB Bank n.a. now owns 417 shares of the insurance provider’s stock worth $62,000 after purchasing an additional 109 shares during the last quarter. 86.61% of the stock is owned by hedge funds and other institutional investors.
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.
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