The Hanover Insurance Group (NYSE:THG) Hits New 1-Year Low at $122.18

Shares of The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) reached a new 52-week low during trading on Friday . The stock traded as low as $122.18 and last traded at $122.76, with a volume of 51384 shares changing hands. The stock had previously closed at $127.24.

Analyst Upgrades and Downgrades

THG has been the subject of several analyst reports. StockNews.com initiated coverage on The Hanover Insurance Group in a research report on Thursday. They issued a “hold” rating for the company. JMP Securities reissued a “market outperform” rating and set a $170.00 price objective on shares of The Hanover Insurance Group in a research report on Friday, February 3rd. BMO Capital Markets started coverage on shares of The Hanover Insurance Group in a report on Thursday, January 19th. They issued a “market perform” rating and a $141.00 price objective on the stock. Piper Sandler increased their target price on shares of The Hanover Insurance Group from $144.00 to $151.00 in a research note on Tuesday, January 10th. Finally, Morgan Stanley upped their price objective on shares of The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $155.20.

The Hanover Insurance Group Trading Down 4.5 %

The company’s 50 day moving average price is $136.29 and its 200 day moving average price is $137.07. The firm has a market cap of $4.33 billion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 0.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.39 and a quick ratio of 0.39.

The Hanover Insurance Group (NYSE:THG – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The insurance provider reported ($1.05) EPS for the quarter, hitting analysts’ consensus estimates of ($1.05). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a return on equity of 7.98% and a net margin of 2.12%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.38 earnings per share. As a group, analysts forecast that The Hanover Insurance Group, Inc. will post 9.72 EPS for the current fiscal year.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, March 14th. The Hanover Insurance Group’s dividend payout ratio is presently 100.93%.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, SVP Warren E. Barnes sold 862 shares of The Hanover Insurance Group stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $138.51, for a total transaction of $119,395.62. Following the completion of the sale, the senior vice president now directly owns 4,075 shares of the company’s stock, valued at approximately $564,428.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On The Hanover Insurance Group

Institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can raised its holdings in The Hanover Insurance Group by 8.4% during the third quarter. Great West Life Assurance Co. Can now owns 25,371 shares of the insurance provider’s stock worth $3,252,000 after purchasing an additional 1,968 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new position in The Hanover Insurance Group in the second quarter valued at $222,000. Aptus Capital Advisors LLC grew its holdings in shares of The Hanover Insurance Group by 9.0% during the third quarter. Aptus Capital Advisors LLC now owns 28,883 shares of the insurance provider’s stock worth $3,701,000 after purchasing an additional 2,373 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of The Hanover Insurance Group during the third quarter worth about $250,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of The Hanover Insurance Group by 9.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,029,102 shares of the insurance provider’s stock valued at $131,869,000 after purchasing an additional 91,418 shares during the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

About The Hanover Insurance Group

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The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.