Hanover Insurance Group (NYSE:THG – Get Rating ) is scheduled to issue its quarterly earnings results after the market closes on Wednesday, February 1st. Analysts expect The Hanover Insurance Group to post earnings of ($1.05) per share for the quarter. Individuals interested in registering for the company’s earnings conference call can do so via this link.
Hanover Insurance Group (NYSE:THG – Get Rating ) last posted its quarterly earnings data on Tuesday, November 1st. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Hanover Insurance Group had a net margin of 5.42% and a return on equity of 13.26%. On average, analysts expect The Hanover Insurance Group to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Introducing Hanover Insurance Group shares
Shares of Hanover Insurance Group stock opened at $131.82 on Wednesday. The firm’s fifty day moving average is $138.32 and its 200 day moving average is $136.60. The company has a debt-to-equity ratio of 0.34, a quick earnings ratio of 0.39, and a current ratio of 0.39. The stock has a market cap of $4.69 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 0.98 and a beta of 0.72. Hanover Insurance Group has a fifty-two week low of $123.36 and a fifty-two week high of $155.55.
Hanover Insurance Group increases dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $3.24 annual dividend and a dividend yield of 2.46%. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.75. Hanover Insurance Group’s dividend payout ratio (DPR) is 40.15%.
Analysts set new price targets
A number of equities analysts recently commented on THG shares. Janney Montgomery Scott initiated coverage on shares of The Hanover Insurance Group in a research report on Friday, November 11th. They issued a “buy” rating and a $164.00 target price on the stock. StockNews.com cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Morgan Stanley boosted their target price on shares of The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. BMO Capital Markets began coverage on shares of The Hanover Insurance Group in a research report on Thursday, January 19th. They issued a “market perform” rating and a $141.00 target price on the stock. Finally, Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $144.00 to $151.00 in a research report on Tuesday, January 10th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $151.50, according to MarketBeat.com.
Insiders place their bets
In other The Hanover Insurance Group news, EVP Mark Joseph Weltzenbach sold 2,673 shares of the firm’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $142.21, for a total value of $380,127.33. Following the sale, the executive vice president now owns 19,846 shares of the company’s stock, valued at approximately $2,822,299.66. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Insiders own 2.50% of the company’s stock.
Institutional investors rate Hanover Insurance Group
A number of large investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of The Hanover Insurance Group in the third quarter valued at about $743,000. M&T Bank Corp increased its stake in shares of The Hanover Insurance Group by 3.8% in the third quarter. M&T Bank Corp now owns 2,590 shares of the insurance provider’s stock valued at $333,000 after buying an additional 96 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of The Hanover Insurance Group by 30.6% in the third quarter. Captrust Financial Advisors now owns 5,996 shares of the insurance provider’s stock valued at $768,000 after purchasing an additional 1,405 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of The Hanover Insurance Group by 31.4% in the third quarter. Baird Financial Group Inc. now owns 2,040 shares of the insurance provider’s stock valued at $261,000 after buying an additional 488 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of The Hanover Insurance Group by 3.8% in the third quarter. CIBC Private Wealth Group LLC now owns 4,053 shares of the insurance provider’s stock valued at $519,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 86.39% of the company’s shares.
Hanover Insurance Group Company Profile
Hanover Insurance Group, Inc is a holding company engaged in the provision of property and casualty products and services. It operates through the following segments: commercial lines, personal lines and others. The commercial lines segment includes commercial multiple risks, commercial auto, workers’ compensation and other commercial coverages such as special program business, inland marine, management and professional liability and surety.
This instant news alert is generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider The Hanover Insurance Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients daily. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market takes a nosedive … and The Hanover Insurance Group wasn’t on the list.
While The Hanover Insurance Group currently has a “Hold” rating among analysts, the top-rated analysts think these five stocks are better buys.
Check out the five stocks here