ValuEngine downgraded shares of Hanover Insurance Group (NYSE:THG) from a buy rating to a hold rating in a report published on Thursday morning.

Other analysts also recently issued research reports about the company. Buckingham Research started coverage on Hanover Insurance Group in a research report on Friday, December 14th. They issued a buy rating on the stock. Sandler O’Neill raised Hanover Insurance Group from a hold rating to a buy rating and boosted their price target for the stock from $125.00 to $133.00 in a research report on Wednesday, September 26th. Finally, Zacks Investment Research lowered Hanover Insurance Group from a buy rating to a hold rating in a research report on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Hanover Insurance Group has a consensus rating of Hold and an average target price of $133.67.

THG stock traded down $0.14 during midday trading on Thursday, hitting $110.30. The company’s stock had a trading volume of 209,600 shares, compared to its average volume of 309,825. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.26. Hanover Insurance Group has a twelve month low of $104.49 and a twelve month high of $131.44. The firm has a market capitalization of $4.63 billion, a P/E ratio of 23.27 and a beta of 0.81.

Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, October 31st. The insurance provider reported $1.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.07). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Hanover Insurance Group had a net margin of 6.14% and a return on equity of 11.81%. As a group, equities research analysts forecast that Hanover Insurance Group will post 7.25 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Friday, January 25th. Investors of record on Thursday, January 10th will be issued a dividend of $4.75 per share. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a yield of 2.08%. Hanover Insurance Group’s payout ratio is 50.63%.

In other news, EVP J Kendall Huber sold 16,827 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $110.04, for a total transaction of $1,851,643.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC increased its position in Hanover Insurance Group by 25.4% during the second quarter. Glen Harbor Capital Management LLC now owns 3,472 shares of the insurance provider’s stock worth $415,000 after buying an additional 704 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Hanover Insurance Group by 6,033.3% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 3,680 shares of the insurance provider’s stock worth $454,000 after acquiring an additional 3,620 shares during the last quarter. Commonwealth Bank of Australia acquired a new position in shares of Hanover Insurance Group during the 3rd quarter worth approximately $493,000. Tower Research Capital LLC TRC increased its holdings in shares of Hanover Insurance Group by 391.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,099 shares of the insurance provider’s stock worth $506,000 after acquiring an additional 3,265 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Hanover Insurance Group by 110.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,301 shares of the insurance provider’s stock worth $531,000 after acquiring an additional 2,253 shares during the last quarter. Institutional investors own 84.54% of the company’s stock.

About Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

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