Media coverage about Hanover Insurance Group (NYSE:THG) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hanover Insurance Group earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the insurance provider an impact score of 46.5078894892247 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research analysts have commented on the company. Zacks Investment Research downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $91.00 target price on shares of Hanover Insurance Group in a report on Friday, October 6th.
Hanover Insurance Group (NYSE:THG) opened at $110.87 on Friday. The company has a market capitalization of $4,560.00, a PE ratio of 38.36 and a beta of 1.14. Hanover Insurance Group has a twelve month low of $79.23 and a twelve month high of $111.07. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26.
Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, November 1st. The insurance provider reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.74. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $1.83 EPS. equities analysts anticipate that Hanover Insurance Group will post 4.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, December 14th. This is an increase from Hanover Insurance Group’s previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a yield of 1.95%. Hanover Insurance Group’s payout ratio is presently 74.74%.
In other news, insider Mark Joseph Welzenbach sold 5,000 shares of Hanover Insurance Group stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $103.89, for a total value of $519,450.00. Following the completion of the transaction, the insider now directly owns 29,521 shares of the company’s stock, valued at approximately $3,066,936.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Lowell Keim sold 4,966 shares of Hanover Insurance Group 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 transaction, the insider now directly owns 4,966 shares of the company’s stock, valued at $535,334.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,689 shares of company stock worth $1,555,848 over the last ninety days. Company insiders own 1.08% of the company’s stock.
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).
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