The Hanover Insurance Group, Inc. (THG) To Go Ex-Dividend on December 13th

The Hanover Insurance Group, Inc. (NYSE:THG) announced a quarterly dividend on Monday, December 2nd,RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.90 per share by the insurance provider on Friday, December 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.85.

The Hanover Insurance Group has raised its dividend by an average of 7.4% annually over the last three years and has raised its dividend every year for the last 20 years. The Hanover Insurance Group has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Hanover Insurance Group to earn $13.69 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 26.3%.

The Hanover Insurance Group Price Performance

Shares of NYSE:THG opened at $155.06 on Wednesday. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 15.38 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.40 and a quick ratio of 0.40. The Hanover Insurance Group has a 12 month low of $119.36 and a 12 month high of $166.13. The stock’s 50 day moving average price is $155.63 and its 200 day moving average price is $141.85.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the business earned $0.19 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that The Hanover Insurance Group will post 11.41 earnings per share for the current fiscal year.

Insider Buying and Selling at The Hanover Insurance Group

In related news, EVP Jeffrey M. Farber sold 300 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $45,000.00. Following the completion of the sale, the executive vice president now directly owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. This represents a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 30,551 shares of company stock valued at $4,781,935 in the last three months. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods raised their target price on shares of The Hanover Insurance Group from $164.00 to $170.00 and gave the stock a “market perform” rating in a report on Thursday, November 7th. Bank of America upped their price target on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Piper Sandler raised their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Oppenheimer lifted their target price on The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.29.

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.