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

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Hanover Insurance Group in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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5 Wall Street research analysts have issued twelve-month target prices for The Hanover Insurance Group's shares. Their THG share price forecasts range from $141.00 to $170.00. On average, they expect the company's stock price to reach $155.20 in the next year. This suggests a possible upside of 25.8% from the stock's current price.
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The Hanover Insurance Group's stock was trading at $135.13 on January 1st, 2023. Since then, THG shares have decreased by 8.7% and is now trading at $123.33.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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The Hanover Insurance Group, Inc. (NYSE:THG) issued its quarterly earnings data on Wednesday, February, 1st. The insurance provider reported ($1.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($1.05). The insurance provider earned $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a net margin of 2.12% and a trailing twelve-month return on equity of 7.98%. The company's revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $3.38 EPS.

The Hanover Insurance Group declared a quarterly dividend on Monday, February 27th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.81 per share on Friday, March 31st. This represents a $3.24 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Tuesday, March 14th.
Read our dividend analysis for THG.

ETFs with the largest weight of The Hanover Insurance Group (NYSE:THG) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Opus Small Cap Value Plus ETF (OSCV), SPDR S&P Insurance ETF (KIE), Strategas Macro Thematic Opportunities ETF (SAMT), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL), Invesco S&P MidCap Low Volatility ETF (XMLV) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

The Hanover Insurance Group (NYSE:THG) pays an annual dividend of $3.24 per share and currently has a dividend yield of 2.61%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 100.93%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, THG will have a dividend payout ratio of 26.23% 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 updated its fourth quarter 2022 earnings guidance on Thursday, January, 19th. The company provided earnings per share guidance of -$1.05--$1.05 for the period, compared to the consensus estimate of $2.18. 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 a number of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (3.65%), T. Rowe Price Investment Management Inc. (2.78%), Alliancebernstein L.P. (2.78%), Victory Capital Management Inc. (2.66%), Victory Capital Management Inc. (2.67%) and Allspring Global Investments Holdings LLC (2.66%). 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 $123.33.

The Hanover Insurance Group (NYSE:THG) has a market capitalization of $4.39 billion and generates $5.47 billion in revenue each year. The insurance provider earns $116 million in net income (profit) each year or $3.21 on an earnings per share basis.

The company employs 4,600 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.