The Hanover Insurance Group (THG) to Release Quarterly Earnings on Wednesday

The Hanover Insurance Group (NYSE:THG) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.67 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.62. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.56 billion. The Hanover Insurance Group had a net margin of 0.59% and a return on equity of 2.44%. On average, analysts expect The Hanover Insurance Group to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

The Hanover Insurance Group Price Performance

The Hanover Insurance Group stock opened at $130.26 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.39 and a quick ratio of 0.39. The business has a 50 day simple moving average of $130.96 and a 200 day simple moving average of $126.15. The Hanover Insurance Group has a one year low of $103.82 and a one year high of $138.00. The company has a market capitalization of $4.68 billion, a PE ratio of 138.58 and a beta of 0.67.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.85 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.40 annualized dividend and a yield of 2.61%. The Hanover Insurance Group’s payout ratio is 361.71%.

Insider Buying and Selling at The Hanover Insurance Group

In other news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $131.14, for a total value of $65,570.00. Following the transaction, the senior vice president now owns 3,612 shares of the company’s stock, valued at approximately $473,677.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on THG shares. JMP Securities reaffirmed a “market outperform” rating and issued a $150.00 price target on shares of The Hanover Insurance Group in a report on Monday, April 15th. Piper Sandler reiterated an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 1st. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a report on Friday, April 5th. Finally, TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $140.83.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.