Shares of The Hanover Insurance Group Inc. (NYSE:THG) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. The Hanover Insurance Group’s rating score has improved by 14.2% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price target of $98.00 for the company and are forecasting that the company will post $1.40 EPS for the current quarter, according to Zacks. Zacks has also assigned The Hanover Insurance Group an industry rank of 165 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently issued reports on THG shares. Zacks Investment Research cut shares of The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th. JMP Securities reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, September 12th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $94.00 target price (down from $99.00) on shares of The Hanover Insurance Group in a report on Wednesday, August 3rd.
Shares of The Hanover Insurance Group (NYSE:THG) opened at 77.57 on Wednesday. The stock has a 50 day moving average of $76.42 and a 200 day moving average of $82.79. The Hanover Insurance Group has a 52-week low of $74.06 and a 52-week high of $91.30. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 14.44 and a beta of 1.01.
The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.02. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The Hanover Insurance Group had a net margin of 4.83% and a return on equity of 9.51%. The business’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. Equities analysts predict that The Hanover Insurance Group will post $5.93 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Wednesday, September 14th. The Hanover Insurance Group’s payout ratio is 34.39%.
In related news, insider Christine Bilotti-Peterson sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $82.31, for a total transaction of $296,316.00. Following the completion of the sale, the insider now directly owns 6,390 shares in the company, valued at $525,960.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.49% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of THG. Miles Capital Inc. boosted its stake in The Hanover Insurance Group by 0.4% in the first quarter. Miles Capital Inc. now owns 3,393 shares of the company’s stock valued at $306,000 after buying an additional 12 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in The Hanover Insurance Group by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,415 shares of the company’s stock worth $627,000 after buying an additional 27 shares during the period. Hsbc Holdings PLC boosted its stake in The Hanover Insurance Group by 1.4% in the second quarter. Hsbc Holdings PLC now owns 2,667 shares of the company’s stock worth $225,000 after buying an additional 38 shares during the period. PNC Financial Services Group Inc. boosted its stake in The Hanover Insurance Group by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 7,488 shares of the company’s stock worth $634,000 after buying an additional 55 shares during the period. Finally, BlackRock Japan Co. Ltd boosted its stake in The Hanover Insurance Group by 3.4% in the second quarter. BlackRock Japan Co. Ltd now owns 3,805 shares of the company’s stock worth $322,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 82.93% of the company’s stock.
About The 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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