Hanover Insurance Group (THG) Scheduled to Post Quarterly Earnings on Sunday

Hanover Insurance Group (NYSE:THG) will be issuing its quarterly earnings data after the market closes on Sunday, January 28th. Analysts expect the company to announce earnings of $1.85 per share for the quarter.

Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.74. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.83 earnings per share. On average, analysts expect Hanover Insurance Group to post $5 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Hanover Insurance Group (NYSE THG) opened at $112.27 on Friday. The firm has a market capitalization of $4,726.19, a PE ratio of 39.81 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.45 and a quick ratio of 0.45. Hanover Insurance Group has a one year low of $79.23 and a one year high of $113.34.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.54 dividend. This is a positive change from Hanover Insurance Group’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, December 14th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.92%. Hanover Insurance Group’s dividend payout ratio is 76.60%.

THG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $91.00 price objective on shares of Hanover Insurance Group in a research note on Friday, October 6th. Zacks Investment Research raised Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th.

In related news, insider Mark Joseph Welzenbach sold 4,723 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $106.09, for a total value of $501,063.07. Following the sale, the insider now directly owns 29,244 shares in the company, valued at $3,102,495.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Lowell Keim sold 4,966 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total value of $535,334.80. Following the completion of the sale, the insider now owns 4,966 shares in the company, valued at $535,334.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,689 shares of company stock valued at $1,555,848. Corporate insiders own 1.08% of the company’s stock.

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About Hanover Insurance Group

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

Earnings History for Hanover Insurance Group (NYSE:THG)

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