Insurance stock today Hanover Insurance Group stock rating prices target : The Hanover Insurance Group (NYSE:THG) SVP Mark Joseph Welzenbach sold 7,915 shares of The Hanover Insurance Group stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $54.73, for a total transaction of $433,187.95. Following the sale, the senior vice president now directly owns 25,736 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on THG. Analysts at Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $55.00 to $60.00 in a research note to investors on Friday, August 2nd. Analysts at Zacks downgraded shares of The Hanover Insurance Group from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 3rd. They now have a $53.70 price target on the stock.
Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The Hanover Insurance Group has an average rating of “Buy” and a consensus target price of $51.14.
Shares of The Hanover Insurance Group (NYSE:THG) traded down 0.60% during mid-day trading on Friday, hitting $54.92. The Hanover Insurance Group has a one year low of $34.15 and a one year high of $56.80. The stock’s 50-day moving average is currently $51.59. The company has a market cap of $2.460 billion and a P/E ratio of 23.70.
The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.34. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.29 billion. The Hanover Insurance Group’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that The Hanover Insurance Group will post $4.04 EPS for the current fiscal year. The Hanover Insurance Group, Inc (NYSE:THG) is a holding company.
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