The Hanover Insurance Group (NYSE:THG) Stock Price Up 0.1% – Here’s What Happened

The Hanover Insurance Group, Inc. (NYSE:THG)’s stock price rose 0.1% during trading on Wednesday . The company traded as high as $163.80 and last traded at $163.27. Approximately 13,615 shares traded hands during trading, a decline of 92% from the average daily volume of 173,971 shares. The stock had previously closed at $163.16.

Analyst Upgrades and Downgrades

THG has been the subject of several research reports. Janney Montgomery Scott lowered The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 target price for the company. in a research report on Thursday. JMP Securities increased their target price on shares of The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Piper Sandler raised their price target on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Oppenheimer boosted their price objective on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $173.83.

The Hanover Insurance Group Trading Up 0.8 %

The firm’s fifty day moving average price is $151.55 and its 200-day moving average price is $139.13. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 16.23 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a net margin of 5.92% and a return on equity of 15.53%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the business posted $0.19 EPS. The Hanover Insurance Group’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts expect that The Hanover Insurance Group, Inc. will post 11.29 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Friday, September 13th. The Hanover Insurance Group’s dividend payout ratio is currently 33.73%.

Insider Activity at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 6,114 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $162.36, for a total value of $992,669.04. Following the sale, the executive vice president now owns 54,091 shares of the company’s stock, valued at approximately $8,782,214.76. The trade was a 10.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $138.25, for a total value of $69,125.00. Following the transaction, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at $416,547.25. This represents a 14.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,419 shares of company stock worth $6,054,037 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On The Hanover Insurance Group

Large investors have recently made changes to their positions in the business. Edgestream Partners L.P. bought a new stake in The Hanover Insurance Group during the first quarter worth approximately $365,000. O Shaughnessy Asset Management LLC raised its position in shares of The Hanover Insurance Group by 4.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,227 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 97 shares during the period. Bessemer Group Inc. lifted its holdings in shares of The Hanover Insurance Group by 22.5% during the first quarter. Bessemer Group Inc. now owns 1,136 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 209 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of The Hanover Insurance Group by 230.7% in the 1st quarter. Quadrature Capital Ltd now owns 6,733 shares of the insurance provider’s stock valued at $916,000 after purchasing an additional 4,697 shares during the period. Finally, BOKF NA increased its stake in The Hanover Insurance Group by 5.6% in the 1st quarter. BOKF NA now owns 4,351 shares of the insurance provider’s stock worth $583,000 after purchasing an additional 231 shares in the last quarter. Institutional investors own 86.61% of the company’s stock.

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.