According to The Fly, Janney Montgomery Scott has reportedly started covering Hanover Insurance Group (NYSE:THG) stock in a research note distributed to clients and investors on Friday. The brokerage firm issued a “buy” rating on the insurance company’s stock.
Reports on the stock written by various other stock experts have recently been released. Hanover Insurance Group stock was given a buy rating by StockNews.com ahead of the publication of a research note on Thursday, October 13; However, this rating has been downgraded to a hold rating. Piper Sandler lowered her rating for the shares of Hannover Insurance Group from “overweight” to “neutral” and set her price target to USD 145.00 per share. Morgan Stanley lowered its price target on shares of Hanover Insurance Group to $145.00 from $155.00 and gave the company an “equal weight” rating in a research note published on Friday, August 19.
On Friday, Hanover Insurance Group’s share price was $141.05. The debt to equity ratio currently sits at 0.34, while the current and fast ratios currently sit at 0.39. The company’s 50-day moving average is $135.82 and its 200-day moving average is $139.20. The company’s market capitalization is US$5.02 billion; It has a price-to-earnings ratio of 17.48, a price-to-earnings-to-growth ratio of 0.96 and a beta of 0.72. Hannoversche Versicherungsgruppe hit an all-time high of $155.55 and a new all-time low of $121.69 last year.
On August 19, Director Jane D. Carlin sold 946 shares of the company’s stock, according to other breaking news. At an average price of $136.65 per share, the shares could fetch a total of $129,270.90 if sold. The transaction was disclosed in a filing with the SEC, which can be accessed by clicking the following link: In related news regarding Hanover Insurance Group, Principal Jane D. Carlin sold 946 shares of Hanover Insurance on Friday, August 19 group. This transaction has taken place. At an average price of $136.65 per share, the shares could fetch a total of $129,270.90 if sold. The transaction was disclosed in a filing with the SEC, which can be accessed at the following link: Additionally, on Friday, November 4, Executive Vice President Mark Joseph Welzenbach sold 2,673 shares of Hanover Insurance Group. At an average price of $142.21, the shares fetched a total of $380,127.33 on sale. The transaction resulted in the executive vice president acquiring 19,846 shares of the company’s stock, currently valued at $2,822,299.66. The disclosure for this sale can be found here. There is insider ownership of 2.50% of the total company stock.
Recent events have led to a realignment of the company’s interests with major investors. GPS Wealth Strategies Group LLC increased its stake in The Hanover Insurance Group by 55.0% during the third quarter. After additional purchases during the time frame, GPS Wealth Strategies Group LLC now owns 203 shares of the insurance provider, valued at $26,000. Assetmark Inc. increased its stake in The Hanover Insurance Group by 139.2% in the fiscal second quarter. Assetmark Inc. now owns 244 shares of the insurance provider, totaling $36,000, after the company bought an additional 142 shares during the period. During the first three months of 2018, GHP Investment Advisors Inc. acquired a new position at The Hanover Insurance Group by paying around $37,000. Meeder Asset Management Inc. increased its stake in the Hannoveraner insurance group by a quarter of a percentage point in the first quarter. Meeder Asset Management Inc. now owns a total of 253 shares of the insurance provider, valued at $38,000, after the company bought an additional 252 shares during the period. Finally, Ronald Blue Trust Inc. acquired another interest in Hanover Insurance Group for approximately $47,000 during the fiscal second quarter. Institutional investors currently own 85.81% of the company’s shares.
Through its numerous subsidiaries throughout the United States, The Hanover Insurance Group, Inc. offers a wide variety of property and liability insurance-related products and services. The Company is divided into three distinct business segments: Commercial Lines, Personal Lines and Others. In addition to multiple commercial perils, commercial motor vehicle and workers’ compensation insurance, commercial coverages include management and professional liability, marine, special industrial and commercial property, general monoline liability, bond, umbrella, fidelity, crime and other commercial coverages.