The Hanover Insurance Group (NYSE:THG) Issues Earnings Results, Meets Expectations

The Hanover Insurance Group (NYSE:THG) posted its quarterly earnings results on Wednesday. The insurance provider reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88, Briefing.com reports. The Hanover Insurance Group had a return on equity of 7.00% and a net margin of 2.67%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business earned ($1.91) EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis.

The Hanover Insurance Group Stock Down 2.8 %

Shares of NYSE THG traded down $3.84 during trading on Thursday, hitting $133.65. The stock had a trading volume of 65,864 shares, compared to its average volume of 172,549. The firm has a fifty day moving average of $128.03 and a two-hundred day moving average of $130.34. The company has a market capitalization of $4.80 billion, a PE ratio of 30.12 and a beta of 0.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.39 and a quick ratio of 0.39. The Hanover Insurance Group has a 12 month low of $103.82 and a 12 month high of $139.25.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend was Thursday, June 13th. The Hanover Insurance Group’s dividend payout ratio is 76.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on THG shares. Oppenheimer upped their target price on The Hanover Insurance Group from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods upped their price objective on shares of The Hanover Insurance Group from $137.00 to $142.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.00.

Insider Activity at The Hanover Insurance Group

In other The Hanover Insurance Group news, Director Jane D. Carlin sold 1,119 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $132.25, for a total value of $147,987.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Willard T. Lee sold 1,000 shares of The Hanover Insurance Group stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $135.94, for a total transaction of $135,940.00. Following the sale, the executive vice president now directly owns 4,398 shares in the company, valued at $597,864.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jane D. Carlin sold 1,119 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $132.25, for a total value of $147,987.75. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

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.