Hanover Insurance Group Stock Forecast, Price & News

Hanover Insurance Group's stock was trading at $106.03 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, THG shares have decreased by 12.5% and is now trading at $92.79.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanover Insurance Group in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Hanover Insurance Group.

Hanover Insurance Group is scheduled to release its next quarterly earnings announcement on Tuesday, October 27th 2020.
View our earnings forecast for Hanover Insurance Group.

Hanover Insurance Group will be holding an earnings conference call on Tuesday, October 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Hanover Insurance Group Inc (NYSE:THG) released its quarterly earnings data on Tuesday, July, 28th. The insurance provider reported $1.63 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.50 by $0.13. The insurance provider had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.13 billion. Hanover Insurance Group had a return on equity of 10.93% and a net margin of 6.39%. Hanover Insurance Group's revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share.
View Hanover Insurance Group's earnings history.

Hanover Insurance Group declared a quarterly dividend on Tuesday, September 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.65 per share on Friday, September 25th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, September 10th.
View Hanover Insurance Group's dividend history.

Hanover Insurance Group announced that its Board of Directors has initiated a stock buyback program on Thursday, June 27th 2019, which permits the company to buyback $150,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

4 brokerages have issued 12-month price targets for Hanover Insurance Group's stock. Their forecasts range from $114.00 to $145.00. On average, they anticipate Hanover Insurance Group's stock price to reach $129.00 in the next twelve months. This suggests a possible upside of 39.0% from the stock's current price.
View analysts' price targets for Hanover Insurance Group.

Hanover Insurance Group saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 325,800 shares, a decline of 11.3% from the August 31st total of 367,300 shares. Based on an average trading volume of 256,000 shares, the short-interest ratio is presently 1.3 days. Currently, 0.9% of the company's stock are short sold.
View Hanover Insurance Group's Short Interest.

Some companies that are related to Hanover Insurance Group include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Cincinnati Financial (CINF), Arch Capital Group (ACGL), W. R. Berkley (WRB), Erie Indemnity (ERIE), Fidelity National Financial (FNF), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Axis Capital (AXS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Hanover Insurance Group investors own include Marathon Petroleum (MPC), AbbVie (ABBV), Pfizer (PFE), QUALCOMM (QCOM), Wells Fargo & Company (WFC), Exxon Mobil (XOM), Cisco Systems (CSCO), Gilead Sciences (GILD), IBM (IBM) and Phillips 66 (PSX).

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

Shares of THG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of THG stock can currently be purchased for approximately $92.79.

Hanover Insurance Group has a market capitalization of $3.50 billion and generates $4.89 billion in revenue each year. The insurance provider earns $425.10 million in net income (profit) each year or $8.16 on an earnings per share basis. Hanover Insurance Group employs 4,300 workers across the globe.

The official website for Hanover Insurance Group is www.hanover.com.

Hanover Insurance Group's mailing address is 440 LINCOLN ST, WORCESTER MA, 01653. The insurance provider can be reached via phone at 508-855-1000 or via email at [email protected]