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

The Hanover Insurance Group (NYSE:THG) issued its quarterly earnings results on Tuesday. The insurance provider reported $5.32 EPS for the quarter, beating 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 Stock Performance

Shares of NYSE:THG traded down $0.88 during midday trading on Tuesday, reaching $152.60. 274,261 shares of the company traded hands, compared to its average volume of 193,693. The firm’s fifty day moving average price is $156.01 and its two-hundred day moving average price is $149.49. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 15.14 and a beta of 0.72. 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 has a 12 month low of $119.66 and a 12 month high of $166.13.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.90 dividend. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, December 13th. The Hanover Insurance Group’s dividend payout ratio (DPR) is presently 35.71%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on THG shares. Bank of America upped their price objective on The Hanover Insurance Group from $158.00 to $170.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Janney Montgomery Scott downgraded shares of The Hanover Insurance Group from a “buy” rating to a “neutral” rating and set a $176.00 price objective for the company. in a report on Thursday, November 21st. JMP Securities lifted their price objective on shares of 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 increased their target price 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. Finally, Morgan Stanley started coverage on shares of The Hanover Insurance Group in a research note on Thursday, December 5th. They set an “equal weight” rating and a $170.00 price target for the company. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Hanover Insurance Group currently has an average rating of “Hold” and a consensus target price of $174.88.

Insiders Place Their Bets

In related news, EVP Jeffrey M. Farber sold 5,886 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $160.05, for a total transaction of $942,054.30. Following the sale, the executive vice president now owns 60,205 shares of the company’s stock, valued at approximately $9,635,810.25. This represents a 8.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 12,100 shares of company stock worth $1,951,223 in the last quarter. 2.50% of the stock is owned by company 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.