NYSE:THGHanover Insurance Group Stock Price, Forecast & News

Hanover Insurance Group's stock was trading at $106.03 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, THG shares have decreased by 6.7% and is now trading at $98.94. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanover Insurance Group in the last year. There are currently 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, July 28th 2020. View our earnings forecast for Hanover Insurance Group.

Hanover Insurance Group will be holding an earnings conference call on Tuesday, July 28th 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 results on Tuesday, April, 28th. The insurance provider reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.20. The insurance provider earned $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Hanover Insurance Group had a return on equity of 11.56% and a net margin of 5.56%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 earnings per share. View Hanover Insurance Group's earnings history.

Hanover Insurance Group declared a quarterly dividend on Friday, May 29th. Shareholders of record on Friday, June 12th will be given a dividend of $0.65 per share on Friday, June 26th. This represents a $2.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, June 11th. View Hanover Insurance Group's dividend history.

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

3 Wall Street analysts have issued 12-month price objectives for Hanover Insurance Group's stock. Their forecasts range from $114.00 to $145.00. On average, they anticipate Hanover Insurance Group's share price to reach $133.00 in the next year. This suggests a possible upside of 34.4% from the stock's current price. View analysts' price targets for Hanover Insurance Group.

News coverage about THG stock has been trending negative recently, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Hanover Insurance Group earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned headlines about the insurance provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Hanover Insurance Group.

Hanover Insurance Group saw a increase in short interest in June. As of June 30th, there was short interest totaling 667,200 shares, an increase of 92.1% from the June 15th total of 347,400 shares. Based on an average trading volume of 295,700 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.8% of the company's shares are short sold. View Hanover Insurance Group's Current Options Chain.

Some companies that are related to Hanover Insurance Group include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Arch Capital Group (ACGL), Cincinnati Financial (CINF), W. R. Berkley (WRB), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Axis Capital (AXS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hanover Insurance Group investors own include Marathon Petroleum (MPC), Wells Fargo & Co (WFC), Pfizer (PFE), QUALCOMM (QCOM), Exxon Mobil (XOM), AbbVie (ABBV), IBM (IBM), International Paper (IP), AT&T (T) and Verizon Communications (VZ).

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 $98.94.

Hanover Insurance Group has a market capitalization of $3.76 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]