Hanover Insurance Group Inc (NYSE:THG) has received a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $130.57.
THG has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. ValuEngine downgraded Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Finally, Compass Point initiated coverage on Hanover Insurance Group in a report on Friday, March 1st. They issued a “buy” rating and a $118.71 target price for the company.
Hanover Insurance Group stock opened at $117.03 on Friday. Hanover Insurance Group has a one year low of $104.59 and a one year high of $131.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 17.24 and a beta of 0.70.
Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, January 30th. The insurance provider reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.04. Hanover Insurance Group had a return on equity of 11.14% and a net margin of 7.88%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $1.20 earnings per share. Hanover Insurance Group’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Hanover Insurance Group will post 8 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Thursday, March 14th. Hanover Insurance Group’s dividend payout ratio (DPR) is presently 35.35%.
In other news, SVP Ann Kirkpatrick Tripp sold 5,646 shares of Hanover Insurance Group stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $115.81, for a total transaction of $653,863.26. Following the completion of the transaction, the senior vice president now owns 18,631 shares of the company’s stock, valued at approximately $2,157,656.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bryan J. Salvatore sold 867 shares of Hanover Insurance Group stock in a transaction on Friday, March 15th. The stock was sold at an average price of $116.20, for a total value of $100,745.40. Following the transaction, the insider now directly owns 8,312 shares of the company’s stock, valued at approximately $965,854.40. The disclosure for this sale can be found here. Insiders have sold a total of 17,560 shares of company stock valued at $2,016,383 in the last ninety days. Corporate insiders own 1.65% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC acquired a new position in shares of Hanover Insurance Group during the 4th quarter worth $26,000. Riverview Trust Co acquired a new position in shares of Hanover Insurance Group during the 4th quarter worth $27,000. Nkcfo LLC acquired a new position in shares of Hanover Insurance Group during the 4th quarter worth $27,000. Massmutual Trust Co. FSB ADV raised its stake in shares of Hanover Insurance Group by 204.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 311 shares of the insurance provider’s stock worth $36,000 after buying an additional 209 shares during the last quarter. Finally, First Command Financial Services Inc. acquired a new position in shares of Hanover Insurance Group during the 4th quarter worth $40,000. 89.64% of the stock is owned by institutional investors and hedge funds.
Hanover Insurance Group Company Profile
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.
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