Zacks: Hanover Insurance Group Inc (THG) Given Consensus Recommendation of “” by Brokerages
Hanover Insurance Group Inc (NYSE:THG) has been given a consensus broker rating score of 0.00 () from the four brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a strong buy recommendation to the company.
Analysts have set a twelve-month consensus price target of $93.00 for the company and are anticipating that the company will post $1.81 EPS for the current quarter, according to Zacks. Zacks has also given Hanover Insurance Group an industry rank of 166 out of 265 based on the ratings given to related companies.
THG has been the subject of a number of research reports. Zacks Investment Research cut Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 14th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $81.00 price objective (down previously from $85.00) on shares of Hanover Insurance Group in a research report on Thursday, January 12th.
In other Hanover Insurance Group news, VP Warren E. Barnes sold 3,226 shares of the company’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $90.33, for a total value of $291,404.58. Following the completion of the sale, the vice president now owns 5,646 shares in the company, valued at $510,003.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey M. Farber purchased 2,500 shares of Hanover Insurance Group stock in a transaction on Tuesday, February 28th. The stock was bought at an average price of $90.07 per share, with a total value of $225,175.00. Following the transaction, the insider now owns 2,500 shares of the company’s stock, valued at $225,175. The disclosure for this purchase can be found here. Corporate insiders own 2.49% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Vident Investment Advisory LLC boosted its stake in shares of Hanover Insurance Group by 7.6% in the fourth quarter. Vident Investment Advisory LLC now owns 29,763 shares of the company’s stock worth $2,709,000 after buying an additional 2,096 shares during the last quarter. Norges Bank bought a new stake in shares of Hanover Insurance Group during the fourth quarter worth approximately $44,040,000. Putnam Investments LLC boosted its stake in shares of Hanover Insurance Group by 8.7% in the fourth quarter. Putnam Investments LLC now owns 109,431 shares of the company’s stock worth $9,959,000 after buying an additional 8,713 shares during the last quarter. Numeric Investors LLC boosted its stake in shares of Hanover Insurance Group by 158.4% in the fourth quarter. Numeric Investors LLC now owns 25,941 shares of the company’s stock worth $2,361,000 after buying an additional 15,900 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Hanover Insurance Group by 215.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 254,222 shares of the company’s stock worth $23,137,000 after buying an additional 173,542 shares during the last quarter. Institutional investors and hedge funds own 81.51% of the company’s stock.
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Shares of Hanover Insurance Group (NYSE:THG) opened at 90.68 on Tuesday. Hanover Insurance Group has a 12 month low of $74.06 and a 12 month high of $92.78. The stock’s 50 day moving average price is $89.20 and its 200-day moving average price is $84.01. The company has a market cap of $3.85 billion, a P/E ratio of 25.28 and a beta of 1.10.
Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Thursday, February 2nd. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of $1.50 by $1.96. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Hanover Insurance Group had a net margin of 3.14% and a return on equity of 6.21%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 EPS. Equities research analysts expect that Hanover Insurance Group will post $6.94 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, March 8th. Hanover Insurance Group’s payout ratio is 55.71%.
Hanover Insurance Group Company Profile
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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