The Hanover Insurance Group, Inc. (NYSE:THG) to Issue Quarterly Dividend of $0.90

The Hanover Insurance Group, Inc. (NYSE:THG) declared a quarterly dividend on Monday, February 24th, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.90 per share by the insurance provider on Friday, March 28th. This represents a $3.60 annualized dividend and a yield of 2.27%.

The Hanover Insurance Group has increased its dividend payment by an average of 6.6% annually over the last three years and has increased its dividend annually for the last 20 consecutive years. The Hanover Insurance Group has a dividend payout ratio of 22.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect The Hanover Insurance Group to earn $15.75 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 22.9%.

The Hanover Insurance Group Trading Up 1.5 %

Shares of THG opened at $158.88 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.25. The Hanover Insurance Group has a 12-month low of $119.66 and a 12-month high of $166.98. The firm has a market capitalization of $5.72 billion, a PE ratio of 13.59 and a beta of 0.72. The stock’s fifty day simple moving average is $156.09 and its 200-day simple moving average is $152.32.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $5.32 earnings per share for the quarter, topping the consensus estimate of $3.45 by $1.87. The Hanover Insurance Group had a return on equity of 18.01% and a net margin of 6.83%. As a group, research analysts predict that The Hanover Insurance Group will post 14.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

THG has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on shares of The Hanover Insurance Group from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. JMP Securities raised their price target on The Hanover Insurance Group from $160.00 to $175.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 31st. Piper Sandler upped their price objective on The Hanover Insurance Group from $162.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods raised their target price on The Hanover Insurance Group from $176.00 to $179.00 and gave the stock a “market perform” rating in a report on Monday, February 10th. Finally, BMO Capital Markets upped their price target on The Hanover Insurance Group from $161.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, The Hanover Insurance Group has an average rating of “Hold” and an average price target of $175.25.

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.