1 week Ago By Defense World Staff
Shares of The Hanover Insurance Group, Inc. ( NYSE:THG – Get Free Report ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $144.
70 and traded as high as $155.09. The Hanover Insurance Group shares last traded at $154.
66, with a volume of 105,310 shares. Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on THG shares. Morgan Stanley began coverage on The Hanover Insurance Group in a research report on Thursday, December 5th.
They set an “equal weight” rating and a $170.00 target price on the stock. BMO Capital Markets raised their price target on shares of The Hanover Insurance Group from $161.
00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $164.
00 to $170.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Bank of America lifted 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 note on Thursday, October 10th. Finally, Piper Sandler lifted their target price on shares of The Hanover Insurance Group from $162.
00 to $175.00 and gave the company an “overweight” rating in a research note 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.
Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13. Get Our Latest Stock Report on The Hanover Insurance Group The Hanover Insurance Group Stock Up 0.
5 % The Hanover Insurance Group ( NYSE:THG – Get Free Report ) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share for the quarter, topping 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 firm had revenue of $1.
57 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the company posted $0.
19 EPS. The Hanover Insurance Group’s revenue was up 3.2% on a year-over-year basis.
On average, equities research analysts anticipate that The Hanover Insurance Group, Inc. will post 11.41 earnings per share for the current year.
The Hanover Insurance Group Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.90 dividend.
This represents a $3.60 annualized dividend and a yield of 2.33%.
The ex-dividend date of this dividend was Friday, December 13th. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.85.
The Hanover Insurance Group’s payout ratio is 35.71%. Insider Buying and Selling In other The Hanover Insurance Group news, EVP Jeffrey M.
Farber sold 12,000 shares of The Hanover Insurance Group stock in a transaction on Friday, October 18th. The shares were sold at an average price of $155.08, for a total transaction of $1,860,960.
00. Following the completion of the sale, the executive vice president now owns 66,091 shares of the company’s stock, valued at approximately $10,249,392.28.
The trade was a 15.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Insiders sold 29,051 shares of company stock worth $4,556,803 in the last quarter. Insiders own 2.40% of the company’s stock.
Institutional Trading of The Hanover Insurance Group Institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in The Hanover Insurance Group by 61.5% during the 3rd quarter.
Barclays PLC now owns 27,155 shares of the insurance provider’s stock worth $4,022,000 after acquiring an additional 10,341 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of The Hanover Insurance Group by 104.4% in the 3rd quarter.
BNP Paribas Financial Markets now owns 11,967 shares of the insurance provider’s stock valued at $1,772,000 after buying an additional 6,112 shares during the period. HighTower Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 82.4% in the 3rd quarter.
HighTower Advisors LLC now owns 11,500 shares of the insurance provider’s stock valued at $1,702,000 after buying an additional 5,194 shares during the period. Markel Group Inc. grew its holdings in shares of The Hanover Insurance Group by 5.
8% in the 3rd quarter. Markel Group Inc. now owns 254,000 shares of the insurance provider’s stock valued at $37,620,000 after buying an additional 14,000 shares during the period.
Finally, FMR LLC grew its holdings in shares of The Hanover Insurance Group by 11.5% in the 3rd quarter. FMR LLC now owns 170,615 shares of the insurance provider’s stock valued at $25,270,000 after buying an additional 17,583 shares during the period.
Institutional investors and hedge funds own 86.61% of the company’s stock. About The Hanover Insurance Group ( 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. See Also Five stocks we like better than The Hanover Insurance Group What Are Dividend Challengers? Work and Play: Investing in the Rise of Bleisure Travel 3 Ways To Invest In Coffee, Other Than Drinking It Top Dividend Stocks to Buy Now as Bond Yields Could Lower ESG Stocks, What Investors Should Know SAP: AI Tailwinds Accelerating Enterprise Cloud Business 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.
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