The Hanover Insurance Group (NYSE:THG) Announces Quarterly Earnings Results

The Hanover Insurance Group (NYSE:THG) posted its earnings results on Friday. The insurance provider reported $5.46 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $1.67 billion for the quarter. The Hanover Insurance Group had a net margin of 10.05% and a return on equity of 21.00%.

The Hanover Insurance Group Stock Up 0.5%

THG traded up $0.81 during trading on Friday, reaching $175.93. The company had a trading volume of 59,625 shares, compared to its average volume of 390,425. The company has a market cap of $6.26 billion, a P/E ratio of 9.68 and a beta of 0.32. The Hanover Insurance Group has a 12 month low of $147.76 and a 12 month high of $188.18. The business’s fifty day moving average price is $176.74 and its 200 day moving average price is $176.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.43 and a quick ratio of 0.42.

The Hanover Insurance Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were given a dividend of $0.95 per share. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.90. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, December 12th. The Hanover Insurance Group’s payout ratio is 20.91%.

Insider Transactions at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Richard W. Lavey sold 24,420 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $178.92, for a total transaction of $4,369,226.40. Following the transaction, the executive vice president owned 32,174 shares of the company’s stock, valued at $5,756,572.08. The trade was a 43.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company’s stock.

Institutional Trading of The Hanover Insurance Group

A number of hedge funds have recently modified their holdings of the stock. JPL Wealth Management LLC bought a new stake in The Hanover Insurance Group during the third quarter worth about $26,000. Community Bank N.A. bought a new position in The Hanover Insurance Group in the third quarter valued at approximately $27,000. McMillan Office Inc. bought a new position in The Hanover Insurance Group in the fourth quarter valued at approximately $31,000. Entrust Financial LLC acquired a new position in The Hanover Insurance Group during the fourth quarter valued at approximately $33,000. Finally, Clearstead Advisors LLC lifted its stake in The Hanover Insurance Group by 300.0% during the third quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on THG. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, January 21st. Royal Bank Of Canada initiated coverage on shares of The Hanover Insurance Group in a research report on Monday, November 24th. They issued a “sector perform” rating and a $200.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Hanover Insurance Group from $200.00 to $207.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.40.

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.