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

The Hanover Insurance Group (NYSE:THG) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect The Hanover Insurance Group to post earnings of $2.67 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.51 by $0.62. The Hanover Insurance Group had a return on equity of 2.44% and a net margin of 0.59%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.56 billion. On average, analysts expect The Hanover Insurance Group to post $10 EPS for the current fiscal year and $13 EPS for the next fiscal year.

The Hanover Insurance Group Stock Up 0.2 %

THG opened at $133.49 on Wednesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $131.37 and its 200 day simple moving average is $125.43. The Hanover Insurance Group has a 1-year low of $103.82 and a 1-year high of $138.00. The stock has a market cap of $4.80 billion, a PE ratio of 142.03 and a beta of 0.67.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.40 annualized dividend and a dividend yield of 2.55%. The Hanover Insurance Group’s dividend payout ratio is currently 361.70%.

Insiders Place Their Bets

In other news, SVP Warren E. Barnes sold 500 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $131.14, for a total transaction of $65,570.00. Following the sale, the senior vice president now directly owns 3,612 shares of the company’s stock, valued at approximately $473,677.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and set a $147.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 1st. JMP Securities restated a “market outperform” rating and set a $150.00 target price on shares of The Hanover Insurance Group in a research report on Monday, April 15th. StockNews.com upgraded The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Keefe, Bruyette & Woods boosted their target price on The Hanover Insurance Group from $137.00 to $142.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. Finally, TheStreet raised The Hanover Insurance Group from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.83.

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.