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

Hanover Insurance Group (NYSE:THG – Get Rating ) is scheduled to post its quarterly earnings results after the market closes on Wednesday, February 1st. Analysts expect that The Hanover Insurance Group will post earnings of ($1.05) per share for the quarter. Individuals interested in registering for the company’s earnings conference call can do so using this link.

Hanover Insurance Group (NYSE: THG – Get Rating ) last posted its quarterly earnings data on Tuesday, November 1st. The insurance provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The Hanover Insurance Group had a net margin of 5.42% and a return on equity of 13.26%. On average, analysts expect The Hanover Insurance Group to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

The Hanover Insurance Group Stock Performance

Hanover Insurance Group stock opened at $131.82 on Wednesday. The firm’s fifty day moving average price is $138.32 and its 200 day moving average price is $136.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.39, and a current ratio of 0.39. The stock has a market cap of $4.69 billion, a p/e ratio of 16.33, a price-to-earnings-growth ratio of 0.98 and a beta of 0.72. Hanover Insurance Group has a fifty-two week low of $123.36 and a fifty-two week high of $155.55.

The Hanover Insurance Group Raises Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents an annual dividend of $3.24 and a dividend yield of 2.46%. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.75. The Hanover Insurance Group’s dividend payout ratio (DPR) is 40.15%.

Analysts set new price targets

A number of equities analysts recently commented on THG shares. Janney Montgomery Scott initiated coverage on shares of The Hanover Insurance Group in a research report on Friday, November 11th. They issued a “buy” rating and a $164.00 target price on the stock. StockNews.com cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Morgan Stanley lifted their target price on shares of The Hanover Insurance Group from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 22nd. BMO Capital Markets began coverage on shares of The Hanover Insurance Group in a research report on Thursday, January 19th. They issued a “market perform” rating and a $141.00 target price on the stock. Finally, Piper Sandler boosted their target price on shares of The Hanover Insurance Group from $144.00 to $151.00 in a research report on Tuesday, January 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $151.50.

Insiders place their bets

In other The Hanover Insurance Group news, EVP Mark Joseph Welzenbach sold 2,673 shares of the firm’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $142.21, for a total value of $380,127.33. Following the sale, the executive vice president now owns 19,846 shares of the company’s stock, valued at approximately $2,822,299.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.50% of the company’s shares.

Institutional investors are weighing in on Hanover Insurance Group

A number of large investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky bought a new stake in shares of The Hanover Insurance Group during the 3rd quarter worth about $743,000. M&T Bank Corp raised its stake in shares of The Hanover Insurance Group by 3.8% during the 3rd quarter. M&T Bank Corp now owns 2,590 shares of the insurance provider’s stock valued at $333,000 after buying an additional 96 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of The Hanover Insurance Group by 30.6% during the 3rd quarter. Captrust Financial Advisors now owns 5,996 shares of the insurance provider’s stock valued at $768,000 after purchasing an additional 1,405 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of The Hanover Insurance Group by 31.4% during the 3rd quarter. Baird Financial Group Inc. now owns 2,040 shares of the insurance provider’s stock valued at $261,000 after buying an additional 488 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in shares of The Hanover Insurance Group by 3.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,053 shares of the insurance provider’s stock valued at $519,000 after buying an additional 147 shares in the last quarter. Institutional investors own 86.39% of the company’s shares.

The Hanover Insurance Group Company Profile

(Get rating)

The Hanover Insurance Group, Inc is a holding company engaged in providing property and casualty products and services. It operates through the following segments: Commercial lines, personal lines and others. The commercial lines segment includes commercial multiple peril, commercial auto, workers’ compensation and other commercial coverage such as specialty program business, inland marine, management and professional liability and surety.

See also

Earnings History for The Hanover Insurance Group (NYSE: THG)

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