The Hanover Insurance Group (NYSE:THG) Announces Quarterly Earnings Results, Beats Expectations By $1.87 EPS

The Hanover Insurance Group (NYSE:THG) announced its quarterly earnings results on Tuesday. The insurance provider reported $5.32 EPS for the quarter, topping analysts’ consensus estimates 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 Trading Down 0.6 %

NYSE THG opened at $152.60 on Wednesday. The firm has a market capitalization of $5.50 billion, a PE ratio of 15.14 and a beta of 0.72. The stock’s 50 day moving average is $155.80 and its 200 day moving average is $149.62. The Hanover Insurance Group has a twelve month low of $119.66 and a twelve month high of $166.13. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.27.

The Hanover Insurance Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.60 annualized dividend and a dividend yield of 2.36%. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. The Hanover Insurance Group’s dividend payout ratio is currently 35.71%.

Analyst Upgrades and Downgrades

THG has been the topic of several recent analyst reports. Barclays upgraded shares of The Hanover Insurance Group to a “hold” rating in a report on Friday, January 24th. Piper Sandler boosted their price objective on shares of The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. BMO Capital Markets increased their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Oppenheimer boosted their price target on The Hanover Insurance Group from $165.00 to $177.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods increased their price objective on The Hanover Insurance Group from $170.00 to $176.00 and gave the stock a “market perform” rating in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $174.88.

Insiders Place Their Bets

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $162.36, for a total transaction of $992,669.04. Following the completion of the transaction, the executive vice president now owns 54,091 shares of the company’s stock, valued at approximately $8,782,214.76. This trade represents a 10.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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.

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.