The Hanover Insurance Group Inc (THG) Declares Quarterly Dividend of $0.50

The Hanover Insurance Group Inc (THG) Declares Quarterly Dividend of $0.50

Hanover Insurance Group has increased its dividend payment by an average of 11.4% annually over the last three years and has increased its dividend every year for the last 5 years. Hanover Insurance Group has a dividend payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hanover Insurance Group to earn $7.06 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 28.3%.

Hanover Insurance Group Inc (NYSE:THG) declared a quarterly dividend on Tuesday, May 16th. Investors of record on Friday, June 9th will be paid a dividend of 0.50 per share by the insurance provider on Friday, June 30th. This represents a $2.00 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, June 7th.

Hanover Insurance Group (NYSE:THG) opened at 83.49 on Monday. Hanover Insurance Group has a 52 week low of $74.06 and a 52 week high of $92.78. The company has a 50-day moving average of $84.96 and a 200 day moving average of $87.62. The firm has a market cap of $3.55 billion, a P/E ratio of 29.45 and a beta of 1.10. Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by $0.78. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.22 billion. Hanover Insurance Group had a net margin of 3.14% and a return on equity of 6.21%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share. On average, equities analysts predict that Hanover Insurance Group will post $6.05 earnings per share for the current year.

A number of analysts have recently commented on THG shares. Zacks Investment Research upgraded Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Wednesday, February 8th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $81.00 target price on shares of Hanover Insurance Group in a report on Friday, May 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $91.20.

About Hanover Insurance Group The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “THG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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