The Hanover Insurance Group (NYSE:THG) Reaches New 1-Year High – Here’s Why

The Hanover Insurance Group, Inc. (NYSE:THG)’s stock price reached a new 52-week high on Friday . The stock traded as high as $167.89 and last traded at $168.25, with a volume of 10326 shares. The stock had previously closed at $166.00.

Analyst Ratings Changes

THG has been the subject of several research reports. Morgan Stanley lifted their price target on The Hanover Insurance Group from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. BMO Capital Markets lifted their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price target on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Janney Montgomery Scott cut The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price target for the company. in a report on Thursday, November 21st. Finally, Oppenheimer lifted their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $175.25.

The Hanover Insurance Group Price Performance

The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 14.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The company has a fifty day simple moving average of $156.75 and a two-hundred day simple moving average of $152.68.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, equities research analysts expect that The Hanover Insurance Group, Inc. will post 14.37 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.11%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 30.80%.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of institutional investors have recently modified their holdings of the business. Pullen Investment Management LLC raised its holdings in shares of The Hanover Insurance Group by 46.5% during the 4th quarter. Pullen Investment Management LLC now owns 11,972 shares of the insurance provider’s stock worth $1,852,000 after buying an additional 3,800 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of The Hanover Insurance Group by 29.6% during the 4th quarter. Mackenzie Financial Corp now owns 7,539 shares of the insurance provider’s stock worth $1,166,000 after buying an additional 1,722 shares in the last quarter. Kolinsky Wealth Management LLC acquired a new position in The Hanover Insurance Group in the 4th quarter worth about $272,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in The Hanover Insurance Group by 15.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 121,319 shares of the insurance provider’s stock worth $18,763,000 after purchasing an additional 16,506 shares in the last quarter. Finally, Woodline Partners LP increased its holdings in The Hanover Insurance Group by 1,575.5% in the 4th quarter. Woodline Partners LP now owns 129,848 shares of the insurance provider’s stock worth $20,082,000 after purchasing an additional 122,098 shares in the last quarter. Institutional investors and hedge funds 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.