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

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

The Hanover Insurance Group has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 20 years. The Hanover Insurance Group has a dividend payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

THG opened at $175.89 on Thursday. The stock’s 50 day moving average price is $175.94 and its 200-day moving average price is $177.01. The Hanover Insurance Group has a 52-week low of $147.76 and a 52-week high of $188.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.42 and a current ratio of 0.44. The stock has a market capitalization of $6.18 billion, a PE ratio of 9.68 and a beta of 0.32.

The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Friday, February 20th. The insurance provider reported $5.46 earnings per share (EPS) for the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%. The company had revenue of $1.67 billion during the quarter. On average, equities research analysts predict that The Hanover Insurance Group will post 14.37 EPS for the current year.

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.