The Hanover Insurance Group, Inc. (THG) To Go Ex-Dividend on June 12th

The Hanover Insurance Group, Inc. (NYSE:THG) declared a quarterly dividend on Monday, June 1st. Stockholders of record on Friday, June 12th will be paid a dividend of 0.95 per share by the insurance provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, June 12th.

The Hanover Insurance Group has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 20 years. The Hanover Insurance Group has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The Hanover Insurance Group to earn $18.31 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 20.8%.

The Hanover Insurance Group Stock Performance

Shares of THG stock opened at $187.52 on Wednesday. The Hanover Insurance Group has a 12-month low of $160.70 and a 12-month high of $199.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 9.44 and a beta of 0.30. The business has a 50 day simple moving average of $182.44 and a 200 day simple moving average of $179.41.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $5.25 earnings per share for the quarter, beating the consensus estimate of $4.14 by $1.11. The Hanover Insurance Group had a return on equity of 21.55% and a net margin of 10.77%.The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the business earned $3.87 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that The Hanover Insurance Group will post 18.36 EPS for the current year.

The Hanover Insurance Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, May 13th that authorizes the company to buyback $700.00 million in outstanding shares. This buyback authorization authorizes the insurance provider to purchase up to 10.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.