The Hanover Insurance Group (THG) Earns Daily Media Impact Score of 0.22
News coverage about The Hanover Insurance Group (NYSE:THG) has been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. The Hanover Insurance Group earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 47.0871629520416 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
THG has been the topic of several recent research reports. Zacks Investment Research raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $91.00 price objective on shares of The Hanover Insurance Group and gave the company a “hold” rating in a report on Friday, August 4th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.00.
The Hanover Insurance Group (NYSE:THG) traded down 1.06% during trading on Thursday, reaching $98.57. 146,171 shares of the company’s stock were exchanged. The Hanover Insurance Group has a 52 week low of $74.06 and a 52 week high of $100.33. The stock has a 50-day moving average price of $93.51 and a 200 day moving average price of $88.92. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 21.33 and a beta of 1.14.
The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. Equities research analysts forecast that The Hanover Insurance Group will post $6.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.03%. The Hanover Insurance Group’s dividend payout ratio is presently 43.29%.
In related news, insider John C. Roche sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $96.00, for a total value of $1,680,000.00. Following the completion of the transaction, the insider now owns 42,524 shares of the company’s stock, valued at approximately $4,082,304. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider J Kendall Huber sold 20,960 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the completion of the transaction, the insider now directly owns 34,079 shares of the company’s stock, valued at approximately $3,316,909.07. The disclosure for this sale can be found here. Insiders sold a total of 48,060 shares of company stock worth $4,660,261 over the last quarter. Insiders own 1.08% of the company’s stock.
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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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