The Hanover Insurance Group (NYSE:THG) Sets New 52-Week High at $138.42

The Hanover Insurance Group, Inc. (NYSE:THG) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $138.42 and last traded at $138.27, with a volume of 52240 shares changing hands. The stock had previously closed at $134.81.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on THG. Keefe, Bruyette & Woods lifted their price objective on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Oppenheimer upped their price objective on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a report on Monday, April 1st. Finally, JMP Securities reissued a “market outperform” rating and set a $150.00 price target on shares of The Hanover Insurance Group in a report on Monday, April 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

The Hanover Insurance Group Trading Up 3.0 %

The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 30.89 and a beta of 0.68. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 0.39. The company has a 50 day moving average price of $127.89 and a two-hundred day moving average price of $130.17.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.47. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. On average, research analysts forecast that The Hanover Insurance Group, Inc. will post 10.74 EPS for the current year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.45%. The ex-dividend date was Thursday, June 13th. The Hanover Insurance Group’s payout ratio is 76.23%.

Insider Buying and Selling at The Hanover Insurance Group

In related news, Director Jane D. Carlin sold 1,119 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $132.25, for a total value of $147,987.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jane D. Carlin sold 1,119 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total transaction of $147,987.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Willard T. Lee sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the completion of the transaction, the executive vice president now directly owns 4,398 shares in the company, valued at $597,864.12. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of large investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in The Hanover Insurance Group in the 4th quarter valued at $197,000. Raymond James & Associates boosted its position in shares of The Hanover Insurance Group by 5.9% during the fourth quarter. Raymond James & Associates now owns 13,706 shares of the insurance provider’s stock worth $1,664,000 after buying an additional 761 shares during the period. Pacer Advisors Inc. grew its stake in shares of The Hanover Insurance Group by 142.5% in the fourth quarter. Pacer Advisors Inc. now owns 7,336 shares of the insurance provider’s stock valued at $891,000 after buying an additional 4,311 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at $738,000. Finally, UMB Bank n.a. lifted its stake in The Hanover Insurance Group by 55.6% during the 4th quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 84 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

The 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 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.