The Hanover Insurance Group (NYSE:THG) Stock Price Down 0.2% – What’s Next?

The Hanover Insurance Group, Inc. (NYSE:THG)’s share price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $161.16 and last traded at $161.44. 26,456 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 175,070 shares. The stock had previously closed at $161.73.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler increased their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Janney Montgomery Scott lowered The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective on the stock. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods increased their target price on The Hanover Insurance Group from $164.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, November 7th. Oppenheimer upped their price objective on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, JMP Securities lifted 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 research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.83.

The Hanover Insurance Group Trading Up 0.8 %

The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27. The firm’s 50 day simple moving average is $152.52 and its two-hundred day simple moving average is $139.74. The stock has a market capitalization of $5.87 billion, a P/E ratio of 16.02 and a beta of 0.70.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.67 billion. The Hanover Insurance Group’s revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. As a group, analysts forecast that The Hanover Insurance Group, Inc. will post 11.43 earnings per share for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.85 per share. The ex-dividend date was Friday, September 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.09%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 33.73%.

Insider Transactions at The Hanover Insurance Group

In other news, EVP Jeffrey M. Farber sold 6,114 shares of The Hanover Insurance Group stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $162.36, for a total value of $992,669.04. Following the completion of the transaction, the executive vice president now owns 54,091 shares in the company, valued at $8,782,214.76. This trade represents a 10.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard W. Lavey sold 8,468 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $144.01, for a total transaction of $1,219,476.68. Following the completion of the transaction, the executive vice president now owns 36,281 shares of the company’s stock, valued at $5,224,826.81. This represents a 18.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,919 shares of company stock worth $5,984,912 in the last ninety days. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in THG. Point72 Hong Kong Ltd purchased a new stake in shares of The Hanover Insurance Group in the second quarter worth about $25,000. True Wealth Design LLC bought a new position in The Hanover Insurance Group in the 3rd quarter worth about $25,000. V Square Quantitative Management LLC purchased a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of The Hanover Insurance Group in the 3rd quarter valued at about $30,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of The Hanover Insurance Group during the second quarter worth about $42,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

About The Hanover Insurance Group

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.