Weekly Investment Analysts’ Ratings Changes for The Hanover Insurance Group (THG)

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The Hanover Insurance Group (NYSE: THG) recently received a number of ratings updates from brokerages and research firms:

9/21/2016 – The Hanover Insurance Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “
9/15/2016 – The Hanover Insurance Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “
9/12/2016 – The Hanover Insurance Group had its “outperform” rating reaffirmed by analysts at JMP Securities. They now have a $95.00 price target on the stock.
9/9/2016 – The Hanover Insurance Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “
9/1/2016 – The Hanover Insurance Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “
8/24/2016 – The Hanover Insurance Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “
8/16/2016 – The Hanover Insurance Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “
8/3/2016 – The Hanover Insurance Group had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $94.00 price target on the stock, down previously from $99.00.

The Hanover Insurance Group Inc. (NYSE:THG) opened at 75.89 on Friday. The company has a market cap of $3.24 billion, a P/E ratio of 14.13 and a beta of 0.91. The Hanover Insurance Group Inc. has a 12-month low of $74.06 and a 12-month high of $91.30. The stock’s 50 day moving average is $77.65 and its 200 day moving average is $83.57.
The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.02. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. The Hanover Insurance Group had a net margin of 4.83% and a return on equity of 9.51%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.56 EPS. On average, equities analysts forecast that The Hanover Insurance Group Inc. will post $5.93 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.46 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.42%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 34.39%.
In other news, insider Christine Bilotti-Peterson sold 3,600 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $82.31, for a total value of $296,316.00. Following the transaction, the insider now owns 6,390 shares in the company, valued at approximately $525,960.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.49% of the stock is currently owned by insiders.
The Hanover Insurance Group, Inc is a holding company. The Company’s primary business operations are property and casualty insurance products and services. The Company operates through four segments: Commercial Lines, Personal Lines, Chaucer and Other. The Company’s Commercial Lines product suite provides agents and customers with products designed for small, middle and specialized markets.

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