The Hanover Insurance Group (NYSE:THG) Issues Earnings Results

The Hanover Insurance Group (NYSE:THG - Get Free Report) announced its quarterly earnings data on Tuesday. The insurance provider reported $5.32 earnings per share for the quarter, beating analysts' consensus estimates of $3.45 by $1.87, Zacks reports. The Hanover Insurance Group had a net margin of 6.83% and a return on equity of 18.01%.

The Hanover Insurance Group Stock Performance

THG stock traded down $0.79 on Friday, reaching $165.29. The company's stock had a trading volume of 413,995 shares, compared to its average volume of 215,640. The Hanover Insurance Group has a 52 week low of $119.66 and a 52 week high of $166.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $5.96 billion, a P/E ratio of 14.14 and a beta of 0.72. The firm has a fifty day moving average of $155.75 and a two-hundred day moving average of $150.03.

The Hanover Insurance Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.18%. This is a boost from The Hanover Insurance Group's previous quarterly dividend of $0.85. The ex-dividend date was Friday, December 13th. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 30.80%.

Insider Buying and Selling at The Hanover Insurance Group

In other The Hanover Insurance Group news, EVP Jeffrey M. Farber sold 6,114 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 54,091 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Piper Sandler boosted 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. Keefe, Bruyette & Woods boosted their price objective on The Hanover Insurance Group from $170.00 to $176.00 and gave the stock a "market perform" rating in a research report on Friday, January 10th. BMO Capital Markets raised their target price on shares of The Hanover Insurance Group from $161.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Barclays upgraded shares of The Hanover Insurance Group to a "hold" rating in a report on Friday, January 24th. Finally, Janney Montgomery Scott lowered shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 price objective on the stock. in a report on Thursday, November 21st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $174.88.

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.