Keefe, Bruyette & Woods Cuts The Hanover Insurance Group (NYSE:THG) Price Target to $171.00

The Hanover Insurance Group (NYSE:THG) had its price objective dropped by stock analysts at Keefe, Bruyette & Woods from $179.00 to $171.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.26% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Piper Sandler lifted their price target on The Hanover Insurance Group from $190.00 to $205.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Morgan Stanley boosted their target price on shares of 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. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research note on Friday, January 24th. Finally, BMO Capital Markets boosted their price objective on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $178.00.

The Hanover Insurance Group Trading Down 1.1 %

Shares of NYSE:THG traded down $1.72 during trading on Wednesday, reaching $150.98. The stock had a trading volume of 32,555 shares, compared to its average volume of 196,661. 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 stock has a market cap of $5.42 billion, a P/E ratio of 12.93 and a beta of 0.47. The business has a fifty day moving average price of $164.73 and a 200-day moving average price of $158.09. The Hanover Insurance Group has a fifty-two week low of $119.66 and a fifty-two week high of $176.16.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share 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, analysts anticipate that The Hanover Insurance Group will post 14.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO John C. Roche sold 301 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $175.00, for a total transaction of $52,675.00. Following the sale, the chief executive officer now directly owns 124,414 shares in the company, valued at approximately $21,772,450. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.

Institutional Trading of The Hanover Insurance Group

Several large investors have recently bought and sold shares of THG. Vanguard Group Inc. grew its holdings in The Hanover Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,613,952 shares of the insurance provider’s stock valued at $558,934,000 after purchasing an additional 23,565 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of The Hanover Insurance Group by 0.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,489,391 shares of the insurance provider’s stock valued at $230,349,000 after acquiring an additional 4,799 shares in the last quarter. State Street Corp increased its position in shares of The Hanover Insurance Group by 0.3% during the third quarter. State Street Corp now owns 1,239,701 shares of the insurance provider’s stock worth $183,612,000 after acquiring an additional 3,780 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of The Hanover Insurance Group by 28.6% in the fourth quarter. Franklin Resources Inc. now owns 1,217,919 shares of the insurance provider’s stock worth $188,363,000 after acquiring an additional 270,491 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in The Hanover Insurance Group by 4.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,087,786 shares of the insurance provider’s stock valued at $168,237,000 after purchasing an additional 43,918 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.