In yesterday’s Wall Street session, The Hanover Insurance Group Inc. (NYSE:THG) shares traded at $141.05, up 3.58% from the previous session.
6 analysts cover The Hanover Insurance Group Inc. (NYSE:THG), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $170.00 and a low of $144.00, we find $145.00. Given the previous closing price of $136.18, this indicates a potential upside of 6.48 percent. THG stock price is now 4.02% away from the 50-day moving average and 0.28% away from the 200-day moving average. The market capitalization of the company currently stands at $5.14B.
The stock has received a hold rating from 4 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $152.20 as their price target over the next twelve months.
With the price target maintained at $144, Piper Sandler recently Downgraded its rating from Overweight to Neutral for The Hanover Insurance Group Inc. (NYSE: THG). On June 29, 2022, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $155, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’.
In other news, Welzenbach Mark Joseph, Executive Vice President sold 2,673 shares of the company’s stock on Nov 04. The stock was sold for $380,127 at an average price of $142.21. Upon completion of the transaction, the Executive Vice President now directly owns 19,846 shares in the company, valued at $2.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19, Director Carlin Jane D sold 946 shares of the business’s stock. A total of $129,266 was realized by selling the stock at an average price of $136.65. Insiders disposed of 180,431 shares of company stock worth roughly $25.45 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in THG stock. A new stake in The Hanover Insurance Group Inc. shares was purchased by WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC during the first quarter worth $13,313,000. MESIROW INSTITUTIONAL INVESTMENT MANAGEMENT, INC. invested $12,843,000 in shares of THG during the first quarter. In the first quarter, HUNTER PERKINS CAPITAL MANAGEMENT, LLC acquired a new stake in The Hanover Insurance Group Inc. valued at approximately $7,014,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in THG for approximately $3,475,000. INVESTMENT MANAGEMENT OF VIRGINIA LLC purchased a new stake in THG valued at around $1,659,000 in the second quarter. In total, there are 483 active investors with 88.60% ownership of the company’s stock.
On Thursday morning The Hanover Insurance Group Inc. (NYSE: THG) stock kicked off with the opening price of $139.88. During the past 12 months, The Hanover Insurance Group Inc. has had a low of $121.69 and a high of $155.55. The fifty day moving average price for THG is $135.60 and a two-hundred day moving average price translates $140.66 for the stock.
The latest earnings results from The Hanover Insurance Group Inc. (NYSE: THG) was released for Jun, 2022. According to the Insurance – Property & Casualty Company, earnings per share came in at $2.32, beating analysts’ expectations of $2.16 by 0.16. This compares to $0.94 EPS in the same period last year. The net profit margin was 6.10% and return on equity was 11.20% for THG. The company reported revenue of $1.37 billion for the quarter, compared to $1.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.17 percent. For the current quarter, analysts expect THG to generate $1.44B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/30/2022. Investors who held shares on 09/16/2022 were paid a $0.75 dividend. On an annualized basis, this represents a $3.00 dividend and a 2.13% percent yield. There was an ex-dividend date of 09/15/2022 for this dividend. In terms of dividend payout ratio, THG is presently at 32.30%.
The Hanover Insurance Group Inc.(THG) 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 three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers’ compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner’s coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.