The Hanover Insurance Group, Inc. (NYSE:THG) – Equities research analysts at Boenning Scattergood lowered their FY2021 earnings per share estimates for The Hanover Insurance Group in a research note issued to investors on Monday, November 22nd. Boenning Scattergood analyst R. Farnam now forecasts that the insurance provider will post earnings of $7.90 per share for the year, down from their previous estimate of $8.20. Boenning Scattergood also issued estimates for The Hanover Insurance Group’s Q4 2021 earnings at $2.54 EPS, Q2 2022 earnings at $2.21 EPS, Q3 2022 earnings at $2.50 EPS, Q4 2022 earnings at $2.83 EPS and FY2022 earnings at $10.45 EPS.
The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, October 27th. The insurance provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.24. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. The Hanover Insurance Group had a return on equity of 9.86% and a net margin of 8.15%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 EPS.
Shares of The Hanover Insurance Group stock opened at $129.79 on Wednesday. The stock has a market cap of $4.62 billion, a P/E ratio of 11.39, a P/E/G ratio of 2.10 and a beta of 0.95. The stock’s 50 day simple moving average is $130.30 and its 200-day simple moving average is $135.05. The Hanover Insurance Group has a 1-year low of $111.09 and a 1-year high of $143.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its holdings in The Hanover Insurance Group by 9.5% in the second quarter. Franklin Resources Inc. now owns 1,604,835 shares of the insurance provider’s stock valued at $217,680,000 after acquiring an additional 138,641 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in The Hanover Insurance Group by 1.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,157,226 shares of the insurance provider’s stock worth $156,966,000 after purchasing an additional 14,459 shares in the last quarter. Alliancebernstein L.P. lifted its stake in The Hanover Insurance Group by 16.9% during the third quarter. Alliancebernstein L.P. now owns 1,111,755 shares of the insurance provider’s stock worth $144,106,000 after purchasing an additional 160,807 shares in the last quarter. State Street Corp lifted its stake in The Hanover Insurance Group by 6.4% during the second quarter. State Street Corp now owns 1,090,607 shares of the insurance provider’s stock worth $147,930,000 after purchasing an additional 65,148 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in The Hanover Insurance Group by 2.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 997,248 shares of the insurance provider’s stock worth $129,263,000 after purchasing an additional 23,795 shares in the last quarter. Hedge funds and other institutional investors own 84.91% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 24th. Investors of record on Friday, September 10th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Thursday, September 9th. The Hanover Insurance Group’s dividend payout ratio is presently 24.56%.
About The Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.
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