Media headlines about The Hanover Insurance Group (NYSE:THG) have been trending positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Hanover Insurance Group earned a coverage optimism score of 0.48 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Shares now up at $88.28 (THG) The Hanover Insurance Group, Inc. To… (highlightpress.com)
- The Hanover Insurance Group, Inc. To Issue Second Quarter Financial Results On August 2 (finance.yahoo.com)
- The Hanover Enhances Education Advantage Product Suite (finance.yahoo.com)
- The Hanover Insurance Group, Inc. (THG) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
The Hanover Insurance Group (NYSE:THG) opened at 88.18 on Wednesday. The stock’s 50 day moving average is $84.76 and its 200-day moving average is $87.59. The company has a market cap of $3.75 billion, a P/E ratio of 31.10 and a beta of 1.13. The Hanover Insurance Group has a 12-month low of $74.06 and a 12-month high of $92.78.
The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by $0.78. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.22 billion. The Hanover Insurance Group had a net margin of 2.45% and a return on equity of 5.20%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.64 EPS. Analysts predict that The Hanover Insurance Group will post $6.02 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Wednesday, June 7th. The Hanover Insurance Group’s dividend payout ratio is currently 70.42%.
A number of equities research analysts have issued reports on THG shares. BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and set a $81.00 target price on shares of The Hanover Insurance Group in a research note on Friday, May 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.20.
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About The Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).
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