Shares of Hanover Insurance Group Inc (NYSE:THG) have earned a consensus broker rating score of 2.25 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a strong buy rating on the company. Hanover Insurance Group’s rating score has declined by 34.7% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price objective of $93.00 for the company and are predicting that the company will post $1.81 earnings per share for the current quarter, according to Zacks. Zacks has also given Hanover Insurance Group an industry rank of 166 out of 265 based on the ratings given to its competitors.
A number of equities analysts have issued reports on THG shares. Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Wednesday, February 8th. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $81.00 target price (down previously from $85.00) on shares of Hanover Insurance Group in a report on Thursday, January 12th.
Shares of Hanover Insurance Group (NYSE:THG) opened at 91.07 on Tuesday. Hanover Insurance Group has a 52 week low of $74.06 and a 52 week high of $92.78. The stock’s 50 day moving average price is $89.20 and its 200 day moving average price is $84.01. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 25.39 and a beta of 1.10.
Hanover Insurance Group (NYSE:THG) last issued its earnings results on Thursday, February 2nd. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by $1.96. Hanover Insurance Group had a return on equity of 6.21% and a net margin of 3.14%. The business earned $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business earned $1.82 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Equities research analysts anticipate that Hanover Insurance Group will post $6.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. Hanover Insurance Group’s payout ratio is currently 55.71%.
In other news, insider Jeffrey M. Farber purchased 2,500 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were bought at an average price of $90.07 per share, for a total transaction of $225,175.00. Following the completion of the purchase, the insider now owns 2,500 shares of the company’s stock, valued at $225,175. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Warren E. Barnes sold 3,226 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $90.33, for a total transaction of $291,404.58. Following the completion of the sale, the vice president now owns 5,646 shares in the company, valued at approximately $510,003.18. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Credit Agricole S A purchased a new stake in shares of Hanover Insurance Group during the fourth quarter valued at approximately $102,000. Pacad Investment Ltd. purchased a new stake in shares of Hanover Insurance Group during the fourth quarter valued at approximately $137,000. LS Investment Advisors LLC raised its stake in shares of Hanover Insurance Group by 7.1% in the third quarter. LS Investment Advisors LLC now owns 2,748 shares of the company’s stock valued at $207,000 after buying an additional 181 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Hanover Insurance Group during the third quarter valued at approximately $209,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Hanover Insurance Group during the third quarter valued at approximately $285,000. Institutional investors own 81.51% of the company’s stock.
About Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company. The Company’s primary business operations are property and casualty insurance products and services. The Company operates through four segments: Commercial Lines, Personal Lines, Chaucer and Other. The Company’s Commercial Lines product suite provides agents and customers with products designed for small, middle and specialized markets.
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