The Hanover Insurance Group Hits New 52-Week High at $62.90 (THG)
The Hanover Insurance Group (NYSE:THG)’s share price reached a new 52-week high during mid-day trading on Friday , American Banking News.com reports. The stock traded as high as $62.90 and last traded at $62.62, with a volume of 53,798 shares trading hands. The stock had previously closed at $62.06.
The stock has a 50-day moving average of $59.91 and a 200-day moving average of $59.24. The company has a market cap of $2.757 billion and a price-to-earnings ratio of 11.62.
The Hanover Insurance Group (NYSE:THG) last released its earnings data on Tuesday, April 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.09. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that The Hanover Insurance Group will post $4.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Wednesday, June 11th.
In other The Hanover Insurance Group news, SVP Richard W. Lavey sold 6,880 shares of the company’s stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $60.36, for a total transaction of $415,276.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
The Hanover Insurance Group, Inc (NYSE:THG) is a holding company.
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