The Hanover Insurance Group, Inc. (NYSE:THG) Plans Quarterly Dividend of $0.95

The Hanover Insurance Group, Inc. (NYSE:THG) announced a quarterly dividend on Monday, June 1st. Shareholders of record on Friday, June 12th will be paid a dividend of 0.95 per share by the insurance provider on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, June 12th.

The Hanover Insurance Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. The Hanover Insurance Group has a payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Hanover Insurance Group to earn $18.31 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 20.8%.

The Hanover Insurance Group Price Performance

NYSE THG traded down $1.12 on Monday, reaching $185.08. The company’s stock had a trading volume of 337,187 shares, compared to its average volume of 326,183. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.37 and a current ratio of 0.37. The Hanover Insurance Group has a twelve month low of $160.70 and a twelve month high of $199.59. The stock has a market cap of $6.48 billion, a PE ratio of 9.31 and a beta of 0.30. The firm’s 50 day moving average is $182.13 and its two-hundred day moving average is $179.38.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $1.11. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $3.87 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts predict that The Hanover Insurance Group will post 18.36 EPS for the current year.

The Hanover Insurance Group declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 13th that allows the company to repurchase $700.00 million in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 10.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.