The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
The Hanover Insurance Group Stock Performance
THG traded up $2.33 during trading on Friday, hitting $134.84. The stock had a trading volume of 104,792 shares, compared to its average volume of 197,774. The firm has a market cap of $4.80 billion, a PE ratio of 14.98, a P/E/G ratio of 0.76 and a beta of 0.71. The Hanover Insurance Group has a 12 month low of $121.69 and a 12 month high of $155.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $139.79 and a 200-day simple moving average of $143.08.
The Hanover Insurance Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 24th. Investors of record on Friday, June 10th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $3.00 annualized dividend and a yield of 2.22%. The Hanover Insurance Group's dividend payout ratio (DPR) is presently 33.33%.
Analyst Ratings Changes
THG has been the subject of several analyst reports. StockNews.com lowered shares of The Hanover Insurance Group from a "buy" rating to a "hold" rating in a research note on Wednesday, July 13th. Morgan Stanley initiated coverage on shares of The Hanover Insurance Group in a research note on Wednesday, June 29th. They issued an "equal weight" rating and a $155.00 price objective for the company.