The Hanover Insurance Group (THG) to Release Quarterly Earnings on Tuesday

The Hanover Insurance Group (NYSE:THG - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $3.42 per share and revenue of $1,490,566.67 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

The Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.40. The Hanover Insurance Group had a return on equity of 15.53% and a net margin of 5.92%. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the business earned $0.19 EPS. The Hanover Insurance Group's revenue was up 3.2% compared to the same quarter last year. 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 Trading Down 1.3 %

NYSE:THG traded down $2.12 during midday trading on Tuesday, hitting $155.60. The stock had a trading volume of 30,308 shares, compared to its average volume of 169,613. 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 stock has a 50-day moving average of $156.79 and a 200 day moving average of $148.64. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 15.44 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 business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a dividend of $0.90 per share. The ex-dividend date was Friday, December 13th. This represents a $3.60 dividend on an annualized basis and a yield of 2.31%. This is an increase from The Hanover Insurance Group's previous quarterly dividend of $0.85. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 35.71%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. BMO Capital Markets lifted their price target 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. Janney Montgomery Scott downgraded shares of The Hanover Insurance Group from a "buy" rating to a "neutral" rating and set a $176.00 target price on the stock. in a research report on Thursday, November 21st. Bank of America raised their price objective on shares of The Hanover Insurance Group from $158.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Oppenheimer increased their target price on shares of 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. Finally, Piper Sandler raised their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $174.88.

Insider Activity

In other news, EVP Jeffrey M. Farber sold 6,114 shares of the business'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 transaction, the executive vice president now directly owns 54,091 shares in the company, valued at $8,782,214.76. The trade was a 10.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 12,100 shares of company stock valued at $1,951,223. Insiders own 2.40% of the company's stock.

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.