The Hanover Insurance Group, Inc. (THG) To Go Ex-Dividend on September 11th

The Hanover Insurance Group, Inc. (NYSE:THG) declared a quarterly dividend on Monday, August 31st. Investors of record on Friday, September 11th will be given a dividend of 0.95 per share by the insurance provider on Friday, September 25th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 11th.

The Hanover Insurance Group has raised its dividend by an average of 0.1%annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect The Hanover Insurance Group to earn $19.60 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 19.4%.

The Hanover Insurance Group Price Performance

THG stock opened at $224.57 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $7.82 billion, a P/E ratio of 10.72 and a beta of 0.26. The business’s 50-day moving average is $222.37 and its two-hundred day moving average is $198.04. The Hanover Insurance Group has a 1 year low of $166.54 and a 1 year high of $236.07.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $1.47. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%.The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business posted $4.35 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that The Hanover Insurance Group will post 20.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on THG shares. Weiss Ratings upgraded shares of The Hanover Insurance Group from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, July 30th. Zacks Research raised shares of The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets downgraded shares of The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $194.00 to $203.00 in a research note on Tuesday, May 19th. Morgan Stanley raised their price target on The Hanover Insurance Group from $235.00 to $240.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. Finally, Piper Sandler downgraded The Hanover Insurance Group from an “overweight” rating to a “neutral” rating and set a $220.00 price target for the company. in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, The Hanover Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.71.

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.