The Hanover Insurance Group (THG) Scheduled to Post Earnings on Wednesday

The Hanover Insurance Group (NYSE:THG) will release its earnings data after the market closes on Wednesday, July 31st. Analysts expect The Hanover Insurance Group to post earnings of $1.43 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.47. The firm 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%. On average, analysts expect The Hanover Insurance Group to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

The Hanover Insurance Group Stock Up 0.1 %

Shares of NYSE:THG opened at $134.77 on Tuesday. The stock has a market cap of $4.84 billion, a P/E ratio of 30.22 and a beta of 0.68. The firm has a fifty day moving average price of $127.89 and a 200 day moving average price of $130.17. 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 has a 1-year low of $103.82 and a 1-year high of $138.30.

The Hanover Insurance Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, June 13th. This represents a $3.40 dividend on an annualized basis and a yield of 2.52%. The Hanover Insurance Group’s payout ratio is currently 76.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on THG shares. Piper Sandler restated an “overweight” rating and set a $147.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 1st. JMP Securities restated a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 15th. 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 report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group has a consensus rating of “Moderate Buy” and an average target price of $146.00.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Willard T. Lee sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $135.94, for a total transaction of $135,940.00. Following the sale, the executive vice president now directly owns 4,398 shares of the company’s stock, valued at approximately $597,864.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Willard T. Lee sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 4,398 shares of the company’s stock, valued at $597,864.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jane D. Carlin sold 1,119 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was 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.