The Hanover Insurance Group, Inc. (NYSE:THG) to Issue $0.95 Quarterly Dividend

The Hanover Insurance Group, Inc. (NYSE:THG) announced a quarterly dividend on Monday, August 31st. Shareholders of record on Friday, September 11th will be given a dividend of 0.95 per share by the insurance provider on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th.

The Hanover Insurance Group has increased its dividend by an average of 0.1%per year 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 23.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Hanover Insurance Group to earn $19.60 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 19.4%.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $226.07 on Tuesday. The firm has a fifty day moving average of $220.39 and a 200-day moving average of $195.72. The Hanover Insurance Group has a 52-week low of $166.54 and a 52-week high of $236.07. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $7.87 billion, a P/E ratio of 10.79 and a beta of 0.27.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share for the quarter, beating the consensus estimate of $3.84 by $1.47. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $4.35 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, analysts predict that The Hanover Insurance Group will post 20.17 EPS for the current year.

The Hanover Insurance Group declared that its board has approved a stock repurchase plan on Wednesday, May 13th that authorizes the company to repurchase $700.00 million in outstanding shares. This repurchase authorization authorizes the insurance provider to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.