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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Hanover Insurance Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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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1 Wall Street research analysts have issued 1 year target prices for The Hanover Insurance Group's shares. Their THG share price forecasts range from $145.00 to $145.00. On average, they anticipate the company's stock price to reach $145.00 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price.
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The Hanover Insurance Group's stock was trading at $131.06 at the start of the year. Since then, THG shares have increased by 0.9% and is now trading at $132.19.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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The Hanover Insurance Group, Inc. (NYSE:THG) announced its quarterly earnings data on Wednesday, October, 27th. The insurance provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.24. The insurance provider earned $1.38 billion during the quarter, compared to analyst estimates of $1.36 billion. The Hanover Insurance Group had a net margin of 6.16% and a trailing twelve-month return on equity of 12.17%. The firm's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 EPS.

The Hanover Insurance Group declared a quarterly dividend on Tuesday, September 6th. Stockholders of record on Friday, September 16th will be given 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 2.27%. The ex-dividend date of this dividend 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 2.26%. 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 33.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, THG will have a dividend payout ratio of 26.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for THG.

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 a number of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (3.21%), State Street Corp (3.08%), Price T Rowe Associates Inc. MD (3.06%), Massachusetts Financial Services Co. MA (2.99%), Macquarie Group Ltd. (2.54%) and Allspring Global Investments Holdings LLC (2.14%). 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 $132.19.

The Hanover Insurance Group (NYSE:THG) has a market capitalization of $4.71 billion and generates $5.23 billion in revenue each year. The insurance provider earns $418.70 million in net income (profit) each year or $9.00 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.