The Hanover Insurance Group, Inc. (THG) To Go Ex-Dividend on March 13th

The Hanover Insurance Group, Inc. (NYSE:THG) announced a quarterly dividend on Tuesday, February 24th. Stockholders of record on Friday, March 13th will be paid a dividend of 0.95 per share by the insurance provider on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, March 13th.

The Hanover Insurance Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. The Hanover Insurance Group has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect The Hanover Insurance Group to earn $15.75 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 24.1%.

The Hanover Insurance Group Trading Up 0.1%

Shares of The Hanover Insurance Group stock opened at $174.53 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a 50-day moving average of $174.71 and a 200-day moving average of $177.47. The Hanover Insurance Group has a 52-week low of $147.76 and a 52-week high of $188.18. The stock has a market cap of $6.13 billion, a PE ratio of 9.61 and a beta of 0.31.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Friday, February 20th. The insurance provider reported $5.46 earnings per share for the quarter. The business had revenue of $1.67 billion during the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%. As a group, sell-side analysts forecast that The Hanover Insurance Group will post 14.37 EPS for the current year.

Insider Buying and Selling

In related news, EVP Richard W. Lavey sold 24,420 shares of The Hanover Insurance Group stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $178.92, for a total value of $4,369,226.40. Following the transaction, the executive vice president directly owned 32,174 shares of the company’s stock, valued at $5,756,572.08. This trade represents a 43.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jane D. Carlin sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $180.91, for a total transaction of $217,092.00. Following the transaction, the director owned 2,423 shares of the company’s stock, valued at approximately $438,344.93. This represents a 33.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of large investors have recently modified their holdings of THG. JPL Wealth Management LLC bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter worth $26,000. Community Bank N.A. bought a new position in The Hanover Insurance Group in the third quarter valued at about $27,000. McMillan Office Inc. acquired a new position in The Hanover Insurance Group during the fourth quarter worth about $31,000. Entrust Financial LLC acquired a new position in The Hanover Insurance Group during the fourth quarter worth about $33,000. Finally, Clearstead Advisors LLC lifted its holdings in shares of The Hanover Insurance Group by 300.0% in the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

About The Hanover Insurance Group

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.