The Hanover Insurance Group (NYSE:THG) Issues Q2 2024 Earnings Guidance

The Hanover Insurance Group (NYSE:THG) updated its second quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 1.880-1.880 for the period, compared to the consensus EPS estimate of 1.410. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research firms recently weighed in on THG. Piper Sandler reissued an overweight rating and issued a $147.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Keefe, Bruyette & Woods upped their target price on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a market perform rating in a research note on Wednesday, April 10th. JMP Securities reissued a market outperform rating and issued a $150.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 15th. Finally, Oppenheimer upped their price objective on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an outperform rating in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The Hanover Insurance Group currently has a consensus rating of Moderate Buy and an average price target of $146.00.

The Hanover Insurance Group Price Performance

THG opened at $134.45 on Friday. The company’s 50 day simple moving average is $128.29 and its 200-day simple moving average is $129.67. The stock has a market capitalization of $4.83 billion, a P/E ratio of 30.17 and a beta of 0.68. The Hanover Insurance Group has a one year low of $103.82 and a one year high of $138.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, May 1st. The insurance provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.66 by $0.47. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. Sell-side analysts anticipate that The Hanover Insurance Group will post 10.36 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, June 13th. The Hanover Insurance Group’s dividend payout ratio is currently 76.23%.

Insider Activity at The Hanover Insurance Group

In related news, Director Jane D. Carlin sold 1,119 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total value of $147,987.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Willard T. Lee sold 1,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total value of $135,940.00. Following the completion of the sale, the executive vice president now owns 4,398 shares in the company, valued at approximately $597,864.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jane D. Carlin sold 1,119 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total transaction of $147,987.75. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.