The Hanover Insurance Group, Inc. (THG) to Issue Quarterly Dividend of $0.50 on September 29th
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.
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).
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