Keefe, Bruyette & Woods Increases The Hanover Insurance Group (NYSE:THG) Price Target to $137.00

The Hanover Insurance Group (NYSE:THGGet Free Report) had its price target raised by research analysts at Keefe, Bruyette & Woods from $124.00 to $137.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 5.32% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Piper Sandler increased their price objective on The Hanover Insurance Group from $138.00 to $143.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. StockNews.com raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Oppenheimer increased their price objective on The Hanover Insurance Group from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, JMP Securities lowered their target price on The Hanover Insurance Group from $160.00 to $150.00 and set a “market outperform” rating on the stock in a report on Friday, October 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.33.

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The Hanover Insurance Group Trading Down 0.9 %

The Hanover Insurance Group stock opened at $130.08 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.39 and a quick ratio of 0.39. The Hanover Insurance Group has a one year low of $103.82 and a one year high of $148.78. The stock has a market capitalization of $4.65 billion, a PE ratio of 138.38 and a beta of 0.68. The business’s fifty day moving average is $125.69 and its 200 day moving average is $117.29.

Insider Transactions at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the transaction, the senior vice president now owns 3,612 shares of the company’s stock, valued at $473,677.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of The Hanover Insurance Group by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 557,832 shares of the insurance provider’s stock worth $67,732,000 after buying an additional 12,351 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in The Hanover Insurance Group by 24.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,411 shares of the insurance provider’s stock valued at $414,000 after buying an additional 664 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in The Hanover Insurance Group by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 760,775 shares of the insurance provider’s stock valued at $92,374,000 after buying an additional 14,609 shares in the last quarter. Access Investment Management LLC purchased a new position in The Hanover Insurance Group during the 4th quarter valued at approximately $258,000. Finally, Principal Securities Inc. purchased a new position in shares of The Hanover Insurance Group in the 4th quarter worth approximately $91,000. Institutional investors own 84.89% of the company’s stock.

About The Hanover Insurance Group

(Get Free Report)

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.

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