Analysts Set The Hanover Insurance Group, Inc. (THG) Price Target at $87.67

The Hanover Insurance Group, Inc. (NYSE:THG) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $87.67.

THG has been the subject of several analyst reports. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $81.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, May 15th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th.

Several hedge funds have recently bought and sold shares of THG. World Asset Management Inc increased its stake in The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock valued at $236,000 after buying an additional 22 shares in the last quarter. Bessemer Group Inc. increased its stake in The Hanover Insurance Group by 0.6% in the fourth quarter. Bessemer Group Inc. now owns 8,182 shares of the insurance provider’s stock valued at $744,000 after buying an additional 46 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in The Hanover Insurance Group by 0.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,940 shares of the insurance provider’s stock valued at $1,542,000 after buying an additional 86 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock valued at $231,000 after buying an additional 89 shares in the last quarter. Finally, State Treasurer State of Michigan increased its stake in The Hanover Insurance Group by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,250 shares of the insurance provider’s stock valued at $1,554,000 after buying an additional 100 shares in the last quarter. 84.07% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group (THG) traded down 0.26% on Monday, reaching $88.53. The company’s stock had a trading volume of 131,859 shares. The company has a market capitalization of $3.77 billion, a PE ratio of 31.23 and a beta of 1.11. The Hanover Insurance Group has a one year low of $74.06 and a one year high of $92.78. The firm has a 50-day moving average of $84.67 and a 200-day moving average of $87.66.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by $0.78. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.22 billion. The Hanover Insurance Group had a return on equity of 5.20% and a net margin of 2.45%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. Analysts predict that The Hanover Insurance Group will post $6.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, June 7th. The Hanover Insurance Group’s dividend payout ratio is presently 70.42%.

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The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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