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

5 Wall Street 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 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 12-month price objectives for The Hanover Insurance Group's shares. Their THG share price forecasts range from $141.00 to $170.00. On average, they anticipate the company's stock price to reach $155.20 in the next year. This suggests a possible upside of 6.9% 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 increased by 7.4% and is now trading at $145.18.
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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) announced its quarterly earnings data on Wednesday, February, 1st. The insurance provider reported ($1.05) earnings per share for the quarter, hitting the consensus estimate of ($1.05). The insurance provider had revenue of $1.33 billion for the quarter, compared to the consensus estimate 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 Hanover Insurance Group's quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.38 earnings per share.

The Hanover Insurance Group announced a quarterly dividend on Monday, December 5th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.81 per share on Friday, December 30th. This represents a $3.24 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.75.
Read our dividend analysis for THG.

The Hanover Insurance Group (NYSE:THG) pays an annual dividend of $3.24 per share and currently has a dividend yield of 2.26%. 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 26.30% 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 (EPS) 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 variety of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (2.66%), Boston Partners (0.71%), ProShare Advisors LLC (0.69%), Fenimore Asset Management Inc. (0.69%), New York State Common Retirement Fund (0.39%) and Markel Corp (0.34%). 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 $145.18.

The Hanover Insurance Group (NYSE:THG) has a market capitalization of $5.16 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 4,400 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.