The Hanover Insurance Group, Inc. (THG) To Go Ex-Dividend on September 11th

The Hanover Insurance Group, Inc. (NYSE:THG – Get Free Report) declared a quarterly dividend on Monday, August 31st. Stockholders of record on Friday, September 11th will be given a dividend of 0.95 per share by the insurance provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 11th.

The Hanover Insurance Group has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 20 years. The Hanover Insurance Group has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect The Hanover Insurance Group to earn $19.60 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 19.4%.

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The Hanover Insurance Group Price Performance

Shares of THG stock opened at $225.95 on Wednesday. The stock has a 50 day moving average price of $220.76 and a 200 day moving average price of $196.10. The Hanover Insurance Group has a 52-week low of $166.54 and a 52-week high of $236.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market capitalization of $7.87 billion, a P/E ratio of 10.79 and a beta of 0.26.

The Hanover Insurance Group (NYSE:THG – Get Free Report) last released its earnings results on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.84 by $1.47. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%.The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm posted $4.35 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that The Hanover Insurance Group will post 20.17 earnings per share for the current year.

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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