2 weeks Ago By ABMN Staff
Shares of The Hanover Insurance Group, Inc. ( NYSE:THG – Get Free Report ) have been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $157.80. A number of research firms have commented on THG.
JMP Securities boosted their price target on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 1st.
Piper Sandler upped their target price on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd.
Keefe, Bruyette & Woods raised their price target on The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th.
Finally, Bank of America dropped their price target on The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a research note on Tuesday, August 6th.
Check Out Our Latest Report on THG Insider Buying and Selling at The Hanover Insurance Group Institutional Inflows and Outflows A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in The Hanover Insurance Group by 0.
4% in the 4th quarter. Vanguard Group Inc. now owns 3,623,766 shares of the insurance provider’s stock worth $439,998,000 after purchasing an additional 13,030 shares in the last quarter.
Massachusetts Financial Services Co. MA lifted its holdings in The Hanover Insurance Group by 5.5% in the second quarter.
Massachusetts Financial Services Co. MA now owns 1,341,253 shares of the insurance provider’s stock worth $168,247,000 after buying an additional 70,161 shares during the period. Allspring Global Investments Holdings LLC boosted its position in The Hanover Insurance Group by 1.
6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,008,866 shares of the insurance provider’s stock valued at $137,377,000 after acquiring an additional 16,040 shares in the last quarter. Price T Rowe Associates Inc.
MD boosted its position in The Hanover Insurance Group by 75.4% during the 4th quarter. Price T Rowe Associates Inc.
MD now owns 965,374 shares of the insurance provider’s stock valued at $117,217,000 after acquiring an additional 414,993 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of The Hanover Insurance Group by 4.
3% during the 2nd quarter. American Century Companies Inc. now owns 802,033 shares of the insurance provider’s stock worth $100,607,000 after acquiring an additional 33,249 shares during the period.
Hedge funds and other institutional investors own 86.61% of the company’s stock. The Hanover Insurance Group Price Performance The Hanover Insurance Group stock opened at $146.
96 on Wednesday. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 32.
95 and a beta of 0.70. The company has a quick ratio of 0.
40, a current ratio of 0.40 and a debt-to-equity ratio of 0.31.
The business has a 50-day simple moving average of $140.00 and a 200 day simple moving average of $133.22.
The Hanover Insurance Group has a 52 week low of $108.03 and a 52 week high of $150.95.
The Hanover Insurance Group ( NYSE:THG – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.
88. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.
49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.
44%. The Hanover Insurance Group’s revenue was up 2.2% on a year-over-year basis.
During the same quarter in the previous year, the firm earned ($1.91) earnings per share. On average, research analysts forecast that The Hanover Insurance Group will post 10.
99 earnings per share for the current fiscal year. The Hanover Insurance Group Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.
85 dividend. This represents a $3.40 annualized dividend and a yield of 2.
31%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is presently 76.
23%. The Hanover Insurance Group Company Profile ( Get Free Report 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. Read More Receive News & Ratings for The Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter .
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