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

The Hanover Insurance Group (NYSE:THG) issued its earnings results on Tuesday. The insurance provider reported $5.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $1.87, Zacks reports. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%.

The Hanover Insurance Group Stock Down 0.6 %

THG traded down $0.88 during trading on Tuesday, reaching $152.60. The stock had a trading volume of 274,261 shares, compared to its average volume of 193,692. The stock’s 50 day moving average is $156.01 and its two-hundred day moving average is $149.49. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 15.14 and a beta of 0.72. The Hanover Insurance Group has a one year low of $119.66 and a one year high of $166.13.

The Hanover Insurance Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.90 dividend. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.36%. The Hanover Insurance Group’s dividend payout ratio is 35.71%.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $162.36, for a total value of $992,669.04. Following the completion of the transaction, the executive vice president now owns 54,091 shares in the company, valued at approximately $8,782,214.76. This represents a 10.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 12,100 shares of company stock worth $1,951,223. 2.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Piper Sandler upped their target price on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Oppenheimer boosted their price objective on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley initiated coverage on The Hanover Insurance Group in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $170.00 price objective for the company. Bank of America boosted their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Barclays upgraded The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $174.88.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.