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

The Hanover Insurance Group (NYSE:THG) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect The Hanover Insurance Group to post earnings of $2.62 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, hitting analysts’ consensus estimates of $1.88. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.49 billion. The Hanover Insurance Group had a return on equity of 12.42% and a net margin of 4.44%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.91) earnings per share. On average, analysts expect The Hanover Insurance Group to post $11 EPS for the current fiscal year and $14 EPS for the next fiscal year.

The Hanover Insurance Group Price Performance

THG opened at $150.83 on Wednesday. The firm has a market cap of $5.42 billion, a PE ratio of 33.82 and a beta of 0.69. The stock has a 50-day moving average price of $145.29 and a 200-day moving average price of $135.46. The Hanover Insurance Group has a 1 year low of $112.22 and a 1 year high of $155.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.40.

The Hanover Insurance Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.85 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.40 annualized dividend and a yield of 2.25%. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 76.23%.

Insider Buying and Selling

In related news, EVP Jeffrey M. Farber sold 300 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $45,000.00. Following the transaction, the executive vice president now directly owns 89,733 shares of the company’s stock, valued at approximately $13,459,950. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other The Hanover Insurance Group news, Director Kathy S. Lane sold 1,884 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $134.23, for a total value of $252,889.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey M. Farber sold 300 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. Following the sale, the executive vice president now owns 89,733 shares in the company, valued at $13,459,950. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,303 shares of company stock valued at $4,372,203 over the last 90 days. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

THG has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group from $142.00 to $144.00 and gave the company a “market perform” rating in a research report on Tuesday, August 13th. Piper Sandler boosted their price target on The Hanover Insurance Group from $147.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $160.00 price target on shares of The Hanover Insurance Group in a report on Tuesday, October 15th. Finally, Bank of America lifted their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Moderate Buy” and an average target price of $160.20.

About The Hanover Insurance Group

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.