Somewhat Positive News Coverage Somewhat Unlikely to Affect The Hanover Insurance Group (THG) Stock Price
News stories about The Hanover Insurance Group (NYSE:THG) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. The Hanover Insurance Group earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the insurance provider an impact score of 46.4614144556082 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
The Hanover Insurance Group (NYSE:THG) opened at 97.85 on Friday. The Hanover Insurance Group has a 1-year low of $74.06 and a 1-year high of $100.33. The firm has a market capitalization of $4.15 billion, a P/E ratio of 21.17 and a beta of 1.14. The stock has a 50 day moving average of $96.33 and a 200-day moving average of $89.82.
The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $0.05 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that The Hanover Insurance Group will post $6.16 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.50 dividend. The ex-dividend date is Thursday, September 14th. This represents a $2.00 annualized dividend and a yield of 2.04%. The Hanover Insurance Group’s payout ratio is currently 43.29%.
Several analysts have issued reports on THG shares. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods set a $91.00 target price on shares of The Hanover Insurance Group and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The Hanover Insurance Group has an average rating of “Buy” and an average price target of $93.00.
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In other news, insider Christine Bilotti-Peterson sold 2,570 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $98.58, for a total transaction of $253,350.60. Following the transaction, the insider now directly owns 1,760 shares in the company, valued at approximately $173,500.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John C. Roche sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $96.00, for a total transaction of $1,680,000.00. Following the transaction, the insider now owns 42,524 shares in the company, valued at $4,082,304. The disclosure for this sale can be found here. Insiders sold a total of 50,630 shares of company stock worth $4,913,611 over the last quarter. Company insiders own 1.08% of the company’s stock.
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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