The Hanover Insurance Group, Inc. (NYSE:THG) declared a quarterly dividend on Tuesday, August 15th, RTT News reports. Investors of record on Friday, September 15th will be given a dividend of 0.50 per share by the insurance provider on Friday, September 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, September 14th.

The Hanover Insurance Group has increased its dividend payment by an average of 11.4% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. The Hanover Insurance Group has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect The Hanover Insurance Group to earn $7.20 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 27.8%.

The Hanover Insurance Group (THG) traded down 0.82% on Wednesday, hitting $95.58. The company had a trading volume of 25,262 shares. The stock has a market capitalization of $4.05 billion, a PE ratio of 20.68 and a beta of 1.14. The Hanover Insurance Group has a one year low of $74.06 and a one year high of $100.33. The stock has a 50 day moving average of $96.70 and a 200-day moving average of $89.87.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The Hanover Insurance Group’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. Equities analysts anticipate that The Hanover Insurance Group will post $6.16 EPS for the current year.

A number of analysts recently commented on THG shares. BidaskClub raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods set a $91.00 price target on The Hanover Insurance Group and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The Hanover Insurance Group currently has a consensus rating of “Buy” and a consensus price target of $97.33.

In other The Hanover Insurance Group news, insider Mark Joseph Welzenbach sold 9,600 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $97.94, for a total value of $940,224.00. Following the completion of the sale, the insider now directly owns 34,121 shares of the company’s stock, valued at $3,341,810.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $98.58, for a total value of $253,350.60. Following the completion of the sale, the insider now directly owns 1,760 shares of the company’s stock, valued at $173,500.80. The disclosure for this sale can be found here. Insiders sold 50,630 shares of company stock valued at $4,913,611 over the last three months. Company insiders own 1.08% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/13/the-hanover-insurance-group-inc-thg-to-issue-quarterly-dividend-of-0-50-on-september-29th.html.

The Hanover Insurance Group Company Profile

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).

Dividend History for The Hanover Insurance Group (NYSE:THG)

Receive News & Stock Ratings for The Hanover Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group Inc. and related stocks with our FREE daily email newsletter.