The Hanover Insurance Group (NYSE:THG) Rating Reiterated by JMP Securities

The Hanover Insurance Group (NYSE:THG)‘s stock had its “market outperform” rating reissued by equities research analysts at JMP Securities in a research note issued to investors on Monday, Benzinga reports. They presently have a $150.00 target price on the insurance provider’s stock. JMP Securities’ target price would suggest a potential upside of 16.14% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Oppenheimer reissued an “outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a research note on Friday, April 5th. TheStreet upgraded shares of The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Finally, StockNews.com upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.83.

The Hanover Insurance Group Price Performance

NYSE:THG opened at $129.16 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.39 and a current ratio of 0.39. The stock’s 50-day simple moving average is $131.55 and its 200 day simple moving average is $124.89. The company has a market cap of $4.64 billion, a P/E ratio of 137.41 and a beta of 0.67. The Hanover Insurance Group has a 52-week low of $103.82 and a 52-week high of $138.00.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.62. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.56 billion. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. As a group, sell-side analysts forecast that The Hanover Insurance Group will post 10.03 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of THG. UMB Bank n.a. boosted its stake in shares of The Hanover Insurance Group by 55.6% in the fourth quarter. UMB Bank n.a. now owns 235 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 84 shares during the period. M&T Bank Corp boosted its stake in shares of The Hanover Insurance Group by 3.8% in the third quarter. M&T Bank Corp now owns 2,590 shares of the insurance provider’s stock valued at $333,000 after purchasing an additional 96 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of The Hanover Insurance Group by 1.5% in the third quarter. Handelsbanken Fonder AB now owns 6,837 shares of the insurance provider’s stock valued at $759,000 after purchasing an additional 100 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in shares of The Hanover Insurance Group by 1.4% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 8,037 shares of the insurance provider’s stock valued at $976,000 after purchasing an additional 109 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of The Hanover Insurance Group by 13.8% in the third quarter. Assetmark Inc. now owns 933 shares of the insurance provider’s stock valued at $104,000 after purchasing an additional 113 shares during the period. Hedge funds and other 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.