JMP Securities analyst Matthew Carletti reiterated a Buy rating on Hanover Insurance (NYSE:THG) on Thursday, setting a price target of $155, which is approximately 20.27% above the present share price of $128.88.
Carletti expects Hanover Insurance to post earnings per share (EPS) of $3.58 for the fourth quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Hanover Insurance, with an average price target of $151.33.
The analysts price targets range from a high of $155 to a low of $144.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.28 billion and a net profit of $0. The company's market cap is $4.6 billion.
According to TipRanks.com, JMP Securities analyst Matthew Carletti is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.8% and a 68.07% success rate.
The Hanover Insurance Group, Inc. is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety. The Personal Lines segment involves personal automobile, homeowners and other personal coverage. The Other segment operates through Opus Investment Management, Inc. The company was founded in 1852 and is headquartered in Worcester, MA.