The Hanover Insurance Group, Inc. Announces Quarterly Dividend of $0.85 (NYSE:THG)

The Hanover Insurance Group, Inc. (NYSE:THG) announced a quarterly dividend on Tuesday, September 3rd, Zacks reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.85 per share by the insurance provider on Friday, September 27th. This represents a $3.40 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Friday, September 13th.

The Hanover Insurance Group has increased its dividend by an average of 7.4% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. The Hanover Insurance Group has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Analysts expect The Hanover Insurance Group to earn $13.54 per share next year, which means the company should continue to be able to cover its $3.40 annual dividend with an expected future payout ratio of 25.1%.

The Hanover Insurance Group Stock Performance

Shares of NYSE THG opened at $146.00 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 32.74 and a beta of 0.70. The company has a 50 day simple moving average of $134.91 and a two-hundred day simple moving average of $131.76. The Hanover Insurance Group has a 12 month low of $103.82 and a 12 month high of $149.47.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. The Hanover Insurance Group had a net margin of 4.44% and a return on equity of 12.42%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.91) EPS. As a group, analysts predict that The Hanover Insurance Group will post 10.85 earnings per share for the current year.

Analyst Ratings Changes

THG has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a report on Tuesday, August 13th. JMP Securities lifted their target price on shares of The Hanover Insurance Group from $150.00 to $160.00 and gave the company a “market outperform” rating in a report on Thursday, August 1st. Bank of America cut their target price on shares of The Hanover Insurance Group from $161.00 to $158.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, Piper Sandler boosted their price target on shares of The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.80.

Insider Buying and Selling

In related news, Director Kathy S. Lane sold 1,884 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total transaction of $252,889.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Warren E. Barnes sold 500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $138.25, for a total transaction of $69,125.00. Following the sale, the senior vice president now directly owns 3,013 shares of the company’s stock, valued at approximately $416,547.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,852 shares of company stock valued at $1,541,491. 2.40% of the stock is owned by corporate insiders.

About The Hanover Insurance Group

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.