The Hanover Insurance Group - THG Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Hanover Insurance Group in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" THG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in THG, but not buy additional shares or sell existing shares.
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3 brokerages have issued 12-month target prices for The Hanover Insurance Group's shares. Their THG share price forecasts range from $144.00 to $164.00. On average, they predict the company's share price to reach $152.67 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
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The Hanover Insurance Group's stock was trading at $131.06 at the beginning of the year. Since then, THG shares have increased by 8.7% and is now trading at $142.43.
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The Hanover Insurance Group saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 601,800 shares, a decline of 25.0% from the October 15th total of 802,900 shares. Based on an average daily volume of 172,500 shares, the short-interest ratio is presently 3.5 days. Currently, 1.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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The Hanover Insurance Group, Inc. (NYSE:THG) released its quarterly earnings data on Wednesday, October, 27th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. The insurance provider had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.36 billion. The Hanover Insurance Group had a net margin of 5.42% and a trailing twelve-month return on equity of 13.26%. The Hanover Insurance Group's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 earnings per share.

The Hanover Insurance Group announced a quarterly dividend on Tuesday, September 6th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.75 per share on Friday, September 30th. This represents a $3.00 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, September 15th.
Read our dividend analysis for THG.

The Hanover Insurance Group (NYSE:THG) pays an annual dividend of $3.00 per share and currently has a dividend yield of 2.05%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, THG will have a dividend payout ratio of 30.80% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for THG.

The Hanover Insurance Group issued an update on its third quarter 2022 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of $0.95-$1.00 for the period, compared to the consensus EPS estimate of $1.35. The company issued revenue guidance of -.

89 employees have rated The Hanover Insurance Group Chief Executive Officer John C. Roche on Glassdoor.com. John C. Roche has an approval rating of 96% among the company's employees. This puts John C. Roche in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Hanover Insurance Group investors own include Marathon Petroleum (MPC), Phillips 66 (PSX), Wells Fargo & Company (WFC), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), QUALCOMM (QCOM), Walgreens Boots Alliance (WBA), International Business Machines (IBM) and Johnson & Johnson (JNJ).

The Hanover Insurance Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "THG."

The Hanover Insurance Group's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.38%), BlackRock Inc. (9.04%), State Street Corp (3.11%), Alliancebernstein L.P. (2.89%), Massachusetts Financial Services Co. MA (2.82%) and Victory Capital Management Inc. (2.59%). Insiders that own company stock include Ann Kirkpatrick Tripp, Austin D Kim, Bryan J Salvatore, Jane D Carlin, Jeffrey M Farber, John C Roche, Mark Joseph Welzenbach, Richard W Lavey, Richard W Lavey and Warren E Barnes.
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Shares of THG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of THG stock can currently be purchased for approximately $142.43.

The Hanover Insurance Group (NYSE:THG) has a market capitalization of $5.07 billion and generates $5.23 billion in revenue each year. The insurance provider earns $418.70 million in net income (profit) each year or $8.07 on an earnings per share basis.

The company employs 4,400 workers across the globe.

The Hanover Insurance Group's mailing address is 440 LINCOLN ST, WORCESTER MA, 01653. The official website for the company is www.hanover.com. The insurance provider can be reached via phone at (508) 855-1000, via email at olukasheva@hanover.com, or via fax at 508-855-8078.