The Hanover Insurance Group (NYSE:THG) Price Target Increased to $165.00 by Analysts at Oppenheimer

The Hanover Insurance Group (NYSE:THG) had its price objective raised by Oppenheimer from $150.00 to $165.00 in a report issued on Friday morning, Benzinga reports. The firm currently has an outperform rating on the insurance provider’s stock.

Several other analysts also recently commented on THG. JMP Securities reissued a market outperform rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 15th. Piper Sandler restated an overweight rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Keefe, Bruyette & Woods lifted their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a market perform rating in a report on Wednesday, April 10th. StockNews.com upgraded shares of The Hanover Insurance Group from a hold rating to a buy rating in a report on Thursday, January 11th. Finally, TheStreet upgraded shares of The Hanover Insurance Group from a c+ rating to a b- rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $143.33.

The Hanover Insurance Group Trading Up 2.3 %

NYSE THG opened at $133.64 on Friday. The Hanover Insurance Group has a 52 week low of $103.82 and a 52 week high of $138.00. The business has a 50 day moving average price of $130.71 and a 200-day moving average price of $126.49. The company has a quick ratio of 0.39, a current ratio of 0.38 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 29.96 and a beta of 0.67.

The Hanover Insurance Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.85 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a dividend yield of 2.54%. The Hanover Insurance Group’s payout ratio is 76.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Markel Group Inc. grew its position in shares of The Hanover Insurance Group by 6.1% in the first quarter. Markel Group Inc. now owns 227,000 shares of the insurance provider’s stock valued at $30,911,000 after purchasing an additional 13,000 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in The Hanover Insurance Group by 4,081.6% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,049 shares of the insurance provider’s stock valued at $279,000 after buying an additional 2,000 shares in the last quarter. Pullen Investment Management LLC bought a new stake in shares of The Hanover Insurance Group during the first quarter valued at about $586,000. BNP Paribas Financial Markets increased its position in shares of The Hanover Insurance Group by 65.9% during the first quarter. BNP Paribas Financial Markets now owns 11,926 shares of the insurance provider’s stock valued at $1,624,000 after buying an additional 4,738 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of The Hanover Insurance Group by 0.4% in the first quarter. Retirement Systems of Alabama now owns 44,956 shares of the insurance provider’s stock worth $6,122,000 after buying an additional 166 shares in the last quarter. 86.61% of the stock is owned by institutional investors.

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.