The Hanover Insurance Group (NYSE:THG) Updates Q4 2022 Earnings Guidance

The Hanover Insurance Group (NYSE:THGGet Rating) updated its fourth quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of -$1.05–$1.05 for the period, compared to the consensus earnings per share estimate of $2.18. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Janney Montgomery Scott assumed coverage on The Hanover Insurance Group in a research note on Friday, November 11th. They issued a buy rating and a $164.00 target price on the stock. Piper Sandler raised their target price on The Hanover Insurance Group from $144.00 to $151.00 in a research note on Tuesday, January 10th. Morgan Stanley lifted their price objective on shares of The Hanover Insurance Group from $145.00 to $150.00 and gave the company an equal weight rating in a research note on Tuesday, November 22nd. StockNews.com cut shares of The Hanover Insurance Group from a buy rating to a hold rating in a research note on Thursday, October 13th. Finally, BMO Capital Markets started coverage on shares of The Hanover Insurance Group in a research note on Thursday. They set a market perform rating and a $141.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $151.50.

The Hanover Insurance Group Price Performance

NYSE:THG opened at $129.53 on Friday. The business’s 50-day moving average price is $138.66 and its 200 day moving average price is $136.91. The firm has a market cap of $4.61 billion, a P/E ratio of 16.05, a PEG ratio of 0.85 and a beta of 0.72. The Hanover Insurance Group has a 52-week low of $123.36 and a 52-week high of $155.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.34.

The Hanover Insurance Group (NYSE:THGGet Rating) last released its earnings results on Tuesday, November 1st. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. The Hanover Insurance Group had a return on equity of 13.26% and a net margin of 5.42%. As a group, sell-side analysts predict that The Hanover Insurance Group will post 8.76 earnings per share for the current fiscal year.

The Hanover Insurance Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.81 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $3.24 dividend on an annualized basis and a yield of 2.50%. This is a boost from The Hanover Insurance Group’s previous quarterly dividend of $0.75. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 40.15%.

Insider Buying and Selling

In related news, EVP Mark Joseph Welzenbach sold 2,673 shares of The Hanover Insurance Group stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $142.21, for a total value of $380,127.33. Following the transaction, the executive vice president now owns 19,846 shares of the company’s stock, valued at approximately $2,822,299.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The Hanover Insurance Group

A number of institutional investors have recently bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of The Hanover Insurance Group by 35.4% during the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock valued at $78,000 after buying an additional 136 shares during the last quarter. Quantbot Technologies LP lifted its holdings in The Hanover Insurance Group by 45.7% in the 1st quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider’s stock worth $81,000 after purchasing an additional 170 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in The Hanover Insurance Group in the 1st quarter worth approximately $209,000. Vanguard Personalized Indexing Management LLC lifted its holdings in The Hanover Insurance Group by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 1,683 shares of the insurance provider’s stock worth $246,000 after purchasing an additional 227 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in The Hanover Insurance Group by 7.9% in the 1st quarter. Baird Financial Group Inc. now owns 1,716 shares of the insurance provider’s stock worth $256,000 after purchasing an additional 126 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

About The Hanover Insurance Group

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The Hanover Insurance Group, Inc is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety.

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