The Hanover Insurance Group (NYSE:THG) Announces Earnings Results

The Hanover Insurance Group (NYSE:THG) released its quarterly earnings data on Friday. The insurance provider reported $5.46 EPS for the quarter, FiscalAI reports. The business had revenue of $1.67 billion for the quarter. The Hanover Insurance Group had a return on equity of 21.00% and a net margin of 10.05%.

The Hanover Insurance Group Stock Performance

NYSE THG opened at $175.94 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.43 and a quick ratio of 0.42. The stock’s 50 day simple moving average is $176.56 and its 200-day simple moving average is $176.93. The company has a market cap of $6.26 billion, a PE ratio of 9.68 and a beta of 0.32. The Hanover Insurance Group has a 1-year low of $147.76 and a 1-year high of $188.18.

The Hanover Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.2%. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.90. The ex-dividend date was Friday, December 12th. The Hanover Insurance Group’s dividend payout ratio (DPR) is 20.91%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on THG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of The Hanover Insurance Group in a report on Wednesday, January 21st. Royal Bank Of Canada began coverage on The Hanover Insurance Group in a research note on Monday, November 24th. They issued a “sector perform” rating and a $200.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $200.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.40.

Insider Buying and Selling

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 24,420 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total value of $4,369,226.40. Following the transaction, the executive vice president owned 32,174 shares in the company, valued at approximately $5,756,572.08. This trade represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On The Hanover Insurance Group

Hedge funds have recently modified their holdings of the business. JPL Wealth Management LLC acquired a new position in The Hanover Insurance Group during the third quarter worth about $26,000. Community Bank N.A. purchased a new position in The Hanover Insurance Group in the 3rd quarter worth approximately $27,000. McMillan Office Inc. acquired a new position in shares of The Hanover Insurance Group during the 4th quarter worth approximately $31,000. Entrust Financial LLC purchased a new stake in shares of The Hanover Insurance Group in the fourth quarter valued at approximately $33,000. Finally, Clearstead Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 300.0% in the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 150 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Company Profile

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.