Hanover Insurance Group Inc (NYSE:THG) announced a quarterly dividend on Tuesday, February 27th, RTT News reports. Investors of record on Friday, March 9th will be given a dividend of 0.54 per share by the insurance provider on Thursday, March 29th. This represents a $2.16 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, March 8th.
Hanover Insurance Group has increased its dividend payment by an average of 10.3% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Hanover Insurance Group has a payout ratio of 46.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hanover Insurance Group to earn $9.05 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 23.9%.
Shares of Hanover Insurance Group (THG) opened at $118.12 on Wednesday. The firm has a market cap of $5,002.65, a price-to-earnings ratio of 24.78 and a beta of 1.12. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26. Hanover Insurance Group has a 12 month low of $79.23 and a 12 month high of $118.74.
Separately, Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $122.00 price target for the company in a report on Wednesday, November 29th.
In other Hanover Insurance Group news, SVP Warren E. Barnes sold 1,547 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $110.60, for a total transaction of $171,098.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Warren E. Barnes sold 1,513 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $108.46, for a total value of $164,099.98. Following the transaction, the senior vice president now owns 6,333 shares in the company, valued at approximately $686,877.18. The disclosure for this sale can be found here. 1.08% of the stock is owned by corporate insiders.
Hanover Insurance Group Company Profile
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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