Favorable Press Coverage Somewhat Unlikely to Affect Hanover Insurance Group (THG) Share Price

Media headlines about Hanover Insurance Group (NYSE:THG) have trended positive on Monday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hanover Insurance Group earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.1389308403471 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of brokerages have recently issued reports on THG. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $91.00 price objective on shares of Hanover Insurance Group in a research note on Friday, October 6th. Zacks Investment Research downgraded Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 14th.

Shares of Hanover Insurance Group (THG) traded down $0.30 during trading hours on Monday, hitting $107.32. The stock had a trading volume of 154,064 shares, compared to its average volume of 151,140. The firm has a market cap of $4,571.16, a P/E ratio of 38.06 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.45 and a quick ratio of 0.45. Hanover Insurance Group has a 12 month low of $79.23 and a 12 month high of $109.61.

Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.74. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.83 EPS. research analysts predict that Hanover Insurance Group will post 4.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from Hanover Insurance Group’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, December 14th. Hanover Insurance Group’s payout ratio is currently 76.60%.

In related news, insider Mark Joseph Welzenbach sold 4,723 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $106.09, for a total transaction of $501,063.07. Following the transaction, the insider now directly owns 29,244 shares of the company’s stock, valued at approximately $3,102,495.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Lowell Keim sold 4,966 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total value of $535,334.80. Following the transaction, the insider now directly owns 4,966 shares in the company, valued at $535,334.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,689 shares of company stock worth $1,555,848. 1.08% of the stock is owned by company insiders.

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Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

Insider Buying and Selling by Quarter for Hanover Insurance Group (NYSE:THG)

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