Hanover Insurance Group Inc (NYSE:THG) Receives Average Recommendation of “Buy” from Analysts

Hanover Insurance Group Inc (NYSE:THG) has earned a consensus rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $131.93.

A number of brokerages have recently issued reports on THG. Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Tuesday, May 7th. Compass Point began coverage on shares of Hanover Insurance Group in a report on Friday, March 1st. They set a “buy” rating and a $118.71 price target on the stock.

Shares of NYSE THG opened at $125.21 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The stock has a market cap of $5.12 billion, a PE ratio of 18.44 and a beta of 0.65. Hanover Insurance Group has a 52-week low of $104.59 and a 52-week high of $131.44.

Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.17. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.14 billion. Hanover Insurance Group had a net margin of 9.19% and a return on equity of 11.02%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.54 EPS. On average, equities research analysts forecast that Hanover Insurance Group will post 8.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, June 7th. Hanover Insurance Group’s payout ratio is presently 35.35%.

In related news, EVP Richard W. Lavey sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $121.15, for a total value of $605,750.00. Following the transaction, the executive vice president now owns 20,637 shares of the company’s stock, valued at $2,500,172.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ann Kirkpatrick Tripp sold 3,515 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $121.78, for a total transaction of $428,056.70. Following the completion of the transaction, the insider now directly owns 18,285 shares in the company, valued at approximately $2,226,747.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,420 shares of company stock worth $4,177,026. Insiders own 1.65% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of THG. JPMorgan Chase & Co. boosted its holdings in shares of Hanover Insurance Group by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 175,427 shares of the insurance provider’s stock worth $21,642,000 after buying an additional 1,700 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Hanover Insurance Group by 1.7% in the third quarter. Vanguard Group Inc now owns 4,206,022 shares of the insurance provider’s stock worth $518,897,000 after buying an additional 71,869 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in shares of Hanover Insurance Group by 9.0% in the fourth quarter. Xact Kapitalforvaltning AB now owns 6,037 shares of the insurance provider’s stock worth $705,000 after buying an additional 500 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Hanover Insurance Group by 59.5% in the fourth quarter. Advisors Asset Management Inc. now owns 914 shares of the insurance provider’s stock worth $107,000 after buying an additional 341 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Hanover Insurance Group by 44.7% in the fourth quarter. Rhumbline Advisers now owns 119,573 shares of the insurance provider’s stock worth $13,963,000 after buying an additional 36,962 shares during the last quarter. 85.15% of the stock is currently owned by institutional investors.

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 in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.

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