Hanover Insurance Group (NYSE:THG) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Hanover Insurance Group to post earnings of $2.02 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.05. Hanover Insurance Group had a return on equity of 10.44% and a net margin of 8.97%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. On average, analysts expect Hanover Insurance Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
THG opened at $133.48 on Wednesday. The business’s 50-day simple moving average is $133.87 and its 200-day simple moving average is $127.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. Hanover Insurance Group has a one year low of $104.59 and a one year high of $137.15. The stock has a market capitalization of $5.40 billion, a P/E ratio of 19.66 and a beta of 0.57.
Hanover Insurance Group announced that its board has approved a share buyback program on Thursday, June 27th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, September 12th. Hanover Insurance Group’s dividend payout ratio (DPR) is currently 35.35%.
In related news, EVP Bryan J. Salvatore sold 688 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $130.39, for a total transaction of $89,708.32. Following the transaction, the executive vice president now owns 6,776 shares of the company’s stock, valued at $883,522.64. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP J Kendall Huber sold 7,510 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $130.43, for a total value of $979,529.30. The disclosure for this sale can be found here. Insiders have sold 11,675 shares of company stock worth $1,524,725 in the last quarter. Insiders own 1.65% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research report on Wednesday, October 16th. ValuEngine cut Hanover Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.
About Hanover Insurance Group
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.
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