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

The Hanover Insurance Group, Inc. (NYSE:THG) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Friday, June 12th will be paid a dividend of 0.95 per share by the insurance provider on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, June 12th.

The Hanover Insurance Group has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 20 consecutive years. The Hanover Insurance Group has a dividend payout ratio of 23.6% indicating that 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%.

The Hanover Insurance Group Trading Down 0.6%

Shares of THG stock traded down $1.12 on Monday, reaching $185.08. The company had a trading volume of 337,187 shares, compared to its average volume of 326,183. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.48 billion, a PE ratio of 9.31 and a beta of 0.30. The company has a 50-day moving average of $182.13 and a 200-day moving average of $179.38. The Hanover Insurance Group has a 12 month low of $160.70 and a 12 month high of $199.59.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $1.11. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.58 billion. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The Hanover Insurance Group’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.87 EPS. On average, equities analysts forecast that The Hanover Insurance Group will post 18.36 earnings per share for the current year.

Insider Activity

In other The Hanover Insurance Group news, Director Francisco Aristeguieta sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $195.37, for a total transaction of $195,370.00. Following the completion of the transaction, the director owned 4,053 shares of the company’s stock, valued at $791,834.61. This represents a 19.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John C. Roche sold 8,358 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $193.74, for a total value of $1,619,278.92. Following the transaction, the chief executive officer directly owned 141,011 shares of the company’s stock, valued at approximately $27,319,471.14. This trade represents a 5.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 29,508 shares of company stock worth $5,704,651. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Hanover Insurance Group

A number of large investors have recently bought and sold shares of THG. Norges Bank acquired a new position in The Hanover Insurance Group during the 4th quarter worth approximately $83,817,000. Alliancebernstein L.P. boosted its position in The Hanover Insurance Group by 36.1% during the 2nd quarter. Alliancebernstein L.P. now owns 1,280,418 shares of the insurance provider’s stock worth $217,505,000 after acquiring an additional 339,896 shares during the last quarter. AQR Capital Management LLC boosted its position in The Hanover Insurance Group by 37.8% during the 3rd quarter. AQR Capital Management LLC now owns 763,431 shares of the insurance provider’s stock worth $137,967,000 after acquiring an additional 209,616 shares during the last quarter. Invesco Ltd. boosted its position in The Hanover Insurance Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 646,910 shares of the insurance provider’s stock worth $118,236,000 after acquiring an additional 197,930 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in The Hanover Insurance Group by 206.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 292,121 shares of the insurance provider’s stock worth $53,058,000 after acquiring an additional 196,655 shares during the last quarter. Institutional investors and hedge funds own 86.61% of the company’s stock.

About The Hanover Insurance Group

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.