Hanover Insurance Group Inc (NYSE:THG) Declares $0.54 Quarterly Dividend

Hanover Insurance Group Inc (NYSE:THG) announced a quarterly dividend on Tuesday, February 27th, RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Thursday, March 8th.

Hanover Insurance Group has raised its dividend by an average of 10.3% annually over the last three years and has raised its dividend every year for the last 6 years. Hanover Insurance Group has a dividend payout ratio of 46.5% indicating that its dividend is sufficiently covered by earnings. 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%.

Hanover Insurance Group stock traded down $0.09 during mid-day trading on Thursday, reaching $117.89. 284,514 shares of the company’s stock were exchanged, compared to its average volume of 225,648. The firm has a market cap of $4,816.09, a PE ratio of 27.16 and a beta of 1.12. Hanover Insurance Group has a twelve month low of $79.23 and a twelve month high of $121.06. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.26.

Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.85 by $0.15. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.46) EPS. equities research analysts anticipate that Hanover Insurance Group will post 8.55 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on THG shares. ValuEngine upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Monday, March 19th. Zacks Investment Research upgraded shares of Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $122.00 target price on the stock in a report on Wednesday, November 29th.

In other news, SVP Warren E. Barnes sold 1,547 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total value of $171,098.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Warren E. Barnes sold 1,513 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the sale, the senior vice president now owns 6,333 shares in the company, valued at $686,877.18. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by company insiders.

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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).

Dividend History for Hanover Insurance Group (NYSE:THG)

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