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

The Hanover Insurance Group (NYSE:THG) is projected to issue its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $3.45 per share and revenue of $1.49 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

The Hanover Insurance Group Trading Down 1.8 %

THG opened at $152.89 on Monday. The Hanover Insurance Group has a 1-year low of $119.66 and a 1-year high of $166.13. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.51 billion, a P/E ratio of 15.17 and a beta of 0.72. The company has a fifty day moving average price of $156.17 and a two-hundred day moving average price of $149.35.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.90 dividend. This is an increase from The Hanover Insurance Group’s previous quarterly dividend of $0.85. This represents a $3.60 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, December 13th. The Hanover Insurance Group’s payout ratio is 35.71%.

Wall Street Analyst Weigh In

Several research firms have recently commented on THG. JMP Securities boosted their target price 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. Keefe, Bruyette & Woods boosted their target price on shares of 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. Oppenheimer boosted their target price on shares of The Hanover Insurance Group from $165.00 to $177.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays raised shares of The Hanover Insurance Group to a “hold” rating in a research report on Friday, January 24th. Finally, Piper Sandler boosted their target price on shares of 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $174.88.

Insider Buying and Selling

In other The Hanover Insurance Group 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 12,100 shares of company stock worth $1,951,223. 2.40% of the stock is owned by 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.