The Hanover Insurance Group, Inc. to Issue Quarterly Dividend of $0.95 (NYSE:THG)

The Hanover Insurance Group, Inc. (NYSE:THG) 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 raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. The Hanover Insurance Group has a payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. 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%.

The Hanover Insurance Group Trading Down 0.7%

The Hanover Insurance Group stock traded down $1.60 during mid-day trading on Monday, hitting $226.07. The company’s stock had a trading volume of 205,757 shares, compared to its average volume of 324,834. The company has a 50 day moving average of $219.90 and a 200-day moving average of $195.36. 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 stock has a market cap of $7.87 billion, a PE ratio of 10.79 and a beta of 0.27. The Hanover Insurance Group has a one year low of $166.54 and a one year high of $236.07.

The Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Tuesday, July 28th. The insurance provider reported $5.31 EPS for the quarter, topping the consensus estimate of $3.84 by $1.47. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. The Hanover Insurance Group had a net margin of 11.17% and a return on equity of 21.72%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $4.35 EPS. On average, research analysts anticipate that The Hanover Insurance Group will post 20.17 EPS for the current year.

Insider Activity at The Hanover Insurance Group

In related news, Director Jane D. Carlin sold 1,000 shares of The Hanover Insurance Group stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $231.50, for a total transaction of $231,500.00. Following the completion of the transaction, the director directly owned 2,270 shares in the company, valued at approximately $525,505. This trade represents a 30.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dennis Francis Kerrigan sold 6,551 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $220.79, for a total transaction of $1,446,395.29. Following the completion of the transaction, the executive vice president owned 12,003 shares of the company’s stock, valued at approximately $2,650,142.37. This trade represents a 35.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 9,655 shares of company stock valued at $2,145,846. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in THG. JPL Wealth Management LLC acquired a new position in shares of The Hanover Insurance Group during the 3rd quarter valued at about $26,000. Clearstead Trust LLC acquired a new stake in The Hanover Insurance Group in the 2nd quarter valued at approximately $36,000. McMillan Office Inc. purchased a new stake in shares of The Hanover Insurance Group in the 4th quarter valued at $31,000. Entrust Financial LLC purchased a new stake in The Hanover Insurance Group during the fourth quarter worth about $33,000. Finally, Root Financial Partners LLC increased its stake in The Hanover Insurance Group by 69.3% during the 1st quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock worth $41,000 after buying an additional 97 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

The Hanover Insurance Group Company Profile

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.