The Hanover Insurance Group (NYSE:THG) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of The Hanover Insurance Group (NYSE:THGGet Rating) from a buy rating to a hold rating in a research report released on Tuesday morning.

Separately, Zacks Investment Research downgraded shares of The Hanover Insurance Group from a buy rating to a hold rating in a research note on Tuesday, May 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $160.33.

Shares of THG stock opened at $141.99 on Tuesday. The firm’s 50 day moving average price is $147.93 and its 200-day moving average price is $138.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40. The Hanover Insurance Group has a one year low of $121.69 and a one year high of $155.55. The firm has a market cap of $5.05 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.84 and a beta of 0.83.

The Hanover Insurance Group (NYSE:THGGet Rating) last announced its earnings results on Tuesday, May 3rd. The insurance provider reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.20. The Hanover Insurance Group had a net margin of 8.16% and a return on equity of 12.25%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, research analysts predict that The Hanover Insurance Group will post 10.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Thursday, March 10th. The Hanover Insurance Group’s dividend payout ratio is presently 25.23%.

In other The Hanover Insurance Group news, CEO John C. Roche sold 922 shares of the stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $155.24, for a total value of $143,131.28. Following the sale, the chief executive officer now directly owns 74,843 shares of the company’s stock, valued at approximately $11,618,627.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John C. Roche sold 2,725 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $150.47, for a total transaction of $410,030.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,158 shares of company stock worth $2,916,191. Insiders own 2.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in THG. Quent Capital LLC purchased a new position in The Hanover Insurance Group during the 4th quarter worth approximately $26,000. Allegheny Financial Group LTD purchased a new position in The Hanover Insurance Group during the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. purchased a new position in The Hanover Insurance Group during the 1st quarter worth approximately $37,000. Meeder Asset Management Inc. grew its stake in The Hanover Insurance Group by 25,200.0% during the 1st quarter. Meeder Asset Management Inc. now owns 253 shares of the insurance provider’s stock worth $38,000 after buying an additional 252 shares during the last quarter. Finally, CWM LLC purchased a new position in The Hanover Insurance Group during the 4th quarter worth approximately $43,000. 84.72% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Company Profile (Get Rating)

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 three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.

Read More

Receive News & Ratings for The Hanover Insurance Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group and related companies with MarketBeat.com's FREE daily email newsletter.