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

The Hanover Insurance Group (NYSE:THG) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect The Hanover Insurance Group to post earnings of $2.67 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.62. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations 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 Trading Up 0.2 %

Shares of THG stock opened at $133.49 on Wednesday. The company has a 50-day moving average of $131.37 and a two-hundred day moving average of $125.43. 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 Hanover Insurance Group has a 1-year low of $103.82 and a 1-year high of $138.00. The firm has a market cap of $4.80 billion, a PE ratio of 142.03 and a beta of 0.67.

The Hanover Insurance Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.85 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.40 dividend on an annualized basis and a yield of 2.55%. The Hanover Insurance Group’s payout ratio is currently 361.70%.

Wall Street Analysts Forecast Growth

THG has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $150.00 price objective on shares of The Hanover Insurance Group in a research report on Monday, April 15th. Piper Sandler reissued an “overweight” rating and issued a $147.00 target price on shares of The Hanover Insurance Group in a research note on Monday, April 1st. Oppenheimer reaffirmed an “outperform” rating and set a $150.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, April 5th. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods boosted their target price on 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $140.83.

Insider Buying and Selling

In other news, SVP Warren E. Barnes sold 500 shares of The Hanover Insurance Group stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $131.14, for a total transaction of $65,570.00. Following the completion of the sale, the senior vice president now directly owns 3,612 shares in the company, valued at approximately $473,677.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.40% of the company’s stock.

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.