The Hanover Insurance Group, Inc. (THG) To Go Ex-Dividend on June 12th

The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report) announced a quarterly dividend on Monday, June 1st. Shareholders of record on Friday, June 12th will be given a dividend of 0.95 per share by the insurance provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, June 12th.

The Hanover Insurance Group has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 20 years. The Hanover Insurance Group has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Analysts expect The Hanover Insurance Group to earn $18.31 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 20.8%.

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The Hanover Insurance Group Stock Performance

NYSE THG opened at $192.33 on Wednesday. The company’s fifty day moving average is $184.71 and its two-hundred day moving average is $179.79. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 9.68 and a beta of 0.30. The Hanover Insurance Group has a 52-week low of $160.70 and a 52-week high of $199.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.37 and a quick ratio of 0.37.

The Hanover Insurance Group (NYSE:THG – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $1.11. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.58 billion. The Hanover Insurance Group had a net margin of 10.77% and a return on equity of 21.55%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $3.87 EPS. Equities research analysts forecast that The Hanover Insurance Group will post 18.36 EPS for the current year.

The Hanover Insurance Group declared that its board has approved a share repurchase program on Wednesday, May 13th that allows the company to buyback $700.00 million in shares. This buyback authorization allows the insurance provider to repurchase up to 10.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

About The Hanover Insurance Group

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The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.

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