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

The Hanover Insurance Group (NYSE:THG) is scheduled to announce its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $1.43 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, May 1st. The insurance provider reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.47. The Hanover Insurance Group had a net margin of 2.67% and a return on equity of 7.00%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. 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 %

The Hanover Insurance Group stock opened at $134.77 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.39 and a current ratio of 0.39. The Hanover Insurance Group has a fifty-two week low of $103.82 and a fifty-two week high of $138.30. The company has a market capitalization of $4.84 billion, a PE ratio of 30.22 and a beta of 0.68. The firm has a 50 day moving average price of $127.89 and a 200 day moving average price of $130.17.

The Hanover Insurance Group Announces Dividend

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

Insider Transactions at The Hanover Insurance Group

In related news, EVP Willard T. Lee sold 1,000 shares of the business’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 transaction of $135,940.00. Following the transaction, the executive vice president now directly owns 4,398 shares of the company’s stock, valued at $597,864.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jane D. Carlin sold 1,119 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $132.25, for a total value of $147,987.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Willard T. Lee sold 1,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the completion of the sale, the executive vice president now directly owns 4,398 shares in the company, valued at approximately $597,864.12. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

THG has been the subject of several recent analyst reports. Piper Sandler reaffirmed 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. Keefe, Bruyette & Woods boosted 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 report on Wednesday, April 10th. Oppenheimer upped their price target on shares of The Hanover Insurance Group from $150.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Monday, April 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $146.00.

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.