The Hanover Insurance Group Inc. Announces Quarterly Dividend of $0.37 (THG)
The Hanover Insurance Group (NYSE:THG) announced a quarterly dividend on Tuesday, August 19th, Analyst Ratings Network reports. Investors of record on Friday, September 12th will be paid a dividend of 0.37 per share on Friday, September 26th. This represents a $1.48 annualized dividend and a dividend yield of 2.35%.
On a related note, analysts at JMP Securities reiterated a “market perform” rating on shares of The Hanover Insurance Group in a research note on Monday, July 21st. They now have a $68.00 price target on the stock, up previously from $65.00. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $64.67.
The Hanover Insurance Group (NYSE:THG) traded up 0.50% during mid-day trading on Tuesday, hitting $63.185. The stock had a trading volume of 19,581 shares. The Hanover Insurance Group has a 1-year low of $49.77 and a 1-year high of $64.42. The stock’s 50-day moving average is $61.91 and its 200-day moving average is $60.29. The company has a market cap of $2.792 billion and a price-to-earnings ratio of 10.49.
The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.24 by $0.06. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts predict that The Hanover Insurance Group will post $4.96 earnings per share for the current fiscal year.
In other The Hanover Insurance Group news, EVP Andrew S. Robinson sold 13,700 shares of The Hanover Insurance Group stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $60.51, for a total value of $828,987.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
The Hanover Insurance Group, Inc (NYSE:THG) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.