The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $185.1250.
A number of brokerages have recently issued reports on THG. Keefe, Bruyette & Woods raised shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating and set a $188.00 price target on the stock in a report on Wednesday, July 9th. Citigroup reaffirmed an “outperform” rating on shares of The Hanover Insurance Group in a report on Thursday, July 31st. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a report on Thursday, July 31st. Finally, Morgan Stanley raised their price target on shares of The Hanover Insurance Group from $170.00 to $185.00 and gave the company an “equal weight” rating in a report on Friday, August 1st.
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The Hanover Insurance Group Stock Down 0.9%
Shares of The Hanover Insurance Group stock opened at $180.47 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.37 and a quick ratio of 0.37. The company has a 50-day moving average of $170.64 and a 200 day moving average of $168.37. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 11.88 and a beta of 0.46. The Hanover Insurance Group has a 1 year low of $142.48 and a 1 year high of $182.64.
The Hanover Insurance Group (NYSE:THG – Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $4.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.07 by $1.28. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. The Hanover Insurance Group had a net margin of 8.67% and a return on equity of 20.24%. The Hanover Insurance Group’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $1.88 EPS. As a group, sell-side analysts anticipate that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.
The Hanover Insurance Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 12th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 23.70%.
Hedge Funds Weigh In On The Hanover Insurance Group
A number of institutional investors and hedge funds have recently made changes to their positions in THG. Norges Bank purchased a new position in shares of The Hanover Insurance Group in the second quarter worth approximately $77,169,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of The Hanover Insurance Group in the first quarter worth approximately $64,340,000. Alliancebernstein L.P. boosted its holdings in shares of The Hanover Insurance Group by 36.1% in the second quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider’s stock worth $217,505,000 after buying an additional 339,896 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of The Hanover Insurance Group by 45.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 907,760 shares of the insurance provider’s stock worth $157,905,000 after buying an additional 282,233 shares during the last quarter. Finally, Woodline Partners LP boosted its holdings in shares of The Hanover Insurance Group by 166.7% in the first quarter. Woodline Partners LP now owns 346,275 shares of the insurance provider’s stock worth $60,235,000 after buying an additional 216,427 shares during the last quarter. Hedge funds and other institutional investors own 86.61% of the company’s stock.
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.
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The Hanover Insurance Group, Inc. (NYSE:THG) Receives $185.13 Consensus PT from Brokerages
