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

Key Points

• The Hanover Insurance Group declared a quarterly dividend of $0.95 per share, payable September 25 to shareholders of record on September 11. The dividend implies a 1.7% yield, and the company has raised its dividend for 20 consecutive years.
• The dividend appears well covered, with a current payout ratio of 23.6% and an expected future payout ratio of 19.4% based on analysts’ projected earnings.
• Hanover reported quarterly earnings of $5.31 per share, exceeding estimates of $3.84, while revenue rose 4.6% year over year to $1.73 billion. Its stock fell 0.7% to $226.07 following the dividend announcement.

The Hanover Insurance Group, Inc. (NYSE:THG - Get Free Report) declared a quarterly dividend on Monday, August 31st. Investors of record on Friday, September 11th will be paid 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 of this dividend is Friday, September 11th.

The Hanover Insurance Group has raised its dividend by an average of 0.1%per year over the last three years and has raised 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. Equities 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%

THG stock traded down $1.60 on Monday, reaching $226.07. The company's stock had a trading volume of 205,757 shares, compared to its average volume of 324,834. The firm has a market cap of $7.87 billion, a PE ratio of 10.79 and a beta of 0.27. The business has a fifty day simple moving average of $219.90 and a two-hundred day simple moving average of $195.36. The Hanover Insurance Group has a 12-month low of $166.54 and a 12-month 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 Hanover Insurance Group (NYSE:THG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $5.31 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $1.65 billion. During the same period in the previous year, the firm posted $4.35 EPS. The business's revenue was up 4.6% on a year-over-year basis. As a group, research analysts forecast that The Hanover Insurance Group will post 20.17 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source