The Hanover Insurance Group (NYSE:THG) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

The Hanover Insurance Group (NYSE:THG) had its price target increased by equities research analysts at Keefe, Bruyette & Woods from $176.00 to $179.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 11.30% from the stock’s current price.

A number of other research analysts also recently issued reports on THG. Janney Montgomery Scott downgraded The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a report on Thursday, November 21st. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Oppenheimer lifted their price target on shares of 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. JMP Securities upped their target price on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a report on Thursday, October 31st. Finally, Morgan Stanley increased their price objective on The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Stock Down 0.7 %

Shares of The Hanover Insurance Group stock opened at $160.83 on Monday. The business has a fifty day simple moving average of $155.69 and a 200 day simple moving average of $150.70. The stock has a market cap of $5.79 billion, a PE ratio of 13.76 and a beta of 0.72. The Hanover Insurance Group has a 12 month low of $119.66 and a 12 month high of $166.98. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, beating the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. Research analysts predict that The Hanover Insurance Group will post 14.11 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AMG National Trust Bank boosted its stake in The Hanover Insurance Group by 0.7% in the fourth quarter. AMG National Trust Bank now owns 10,776 shares of the insurance provider’s stock valued at $1,658,000 after buying an additional 71 shares in the last quarter. Captrust Financial Advisors boosted its position in The Hanover Insurance Group by 4.7% in the third quarter. Captrust Financial Advisors now owns 1,822 shares of the insurance provider’s stock valued at $270,000 after buying an additional 81 shares in the last quarter. Lecap Asset Management Ltd. grew its position in The Hanover Insurance Group by 2.0% during the 3rd quarter. Lecap Asset Management Ltd. now owns 4,202 shares of the insurance provider’s stock worth $622,000 after acquiring an additional 84 shares during the last quarter. Ironwood Investment Management LLC increased its holdings in The Hanover Insurance Group by 0.9% in the 4th quarter. Ironwood Investment Management LLC now owns 9,703 shares of the insurance provider’s stock worth $1,501,000 after purchasing an additional 85 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in The Hanover Insurance Group by 49.5% in the 4th quarter. Venturi Wealth Management LLC now owns 272 shares of the insurance provider’s stock valued at $42,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds 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.