The Hanover Insurance Group Stock Rating Upgraded by KBW (THG)
Separately, analysts at Keefe, Bruyette & Woods upgraded shares of The Hanover Insurance Group from a “market perform” rating to an “outperform” rating in a research note to investors on Monday.
The Hanover Insurance Group (NYSE: THG) traded up 3.46% on Monday, hitting $45.42. The Hanover Insurance Group has a 52-week low of $33.60 and a 52-week high of $43.95. The stock’s 50-day moving average is currently $42.41. The company has a market cap of $2.028 billion and a price-to-earnings ratio of 35.52.
The Hanover Insurance Group (NYSE: THG) last released its earnings data on Wednesday, February 6th. The company reported ($1.65) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.80) by $0.15. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that The Hanover Insurance Group will post $3.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Wednesday, March 13th.
The Hanover Insurance Group, Inc. (THG) is a holding company for The Hanover Insurance Company (Hanover Insurance) and Citizens Insurance Company of America (Citizens), which are its principal property and casualty subsidiaries, and certain other insurance and non-insurance subsidiaries.
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