The Hanover Insurance Group (THG) Getting Somewhat Positive News Coverage, Report Shows

Media coverage about The Hanover Insurance Group (NYSE:THG) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. The Hanover Insurance Group earned a news impact score of 0.24 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.4990391492561 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

The Hanover Insurance Group (NYSE THG) traded down $0.51 during trading hours on Monday, hitting $105.12. The stock had a trading volume of 145,105 shares, compared to its average volume of 227,613. The Hanover Insurance Group has a 1-year low of $79.23 and a 1-year high of $108.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.45 and a quick ratio of 0.45. The company has a market cap of $4,486.63, a price-to-earnings ratio of 46.13 and a beta of 1.14.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.74. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. The Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.83 earnings per share. sell-side analysts predict that The Hanover Insurance Group will post 4.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, December 14th. This is a positive change from The Hanover Insurance Group’s previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a yield of 2.05%. The Hanover Insurance Group’s payout ratio is currently 70.92%.

Several research firms have recently issued reports on THG. Keefe, Bruyette & Woods restated a “hold” rating and issued a $91.00 price target on shares of The Hanover Insurance Group in a research report on Thursday, September 7th. Zacks Investment Research upgraded The Hanover Insurance Group from a “hold” rating to a “strong-buy” rating and set a $113.00 price target on the stock in a research report on Tuesday, September 5th.

In other The Hanover Insurance Group news, insider Mark Lowell Keim sold 4,966 shares of The Hanover Insurance Group stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total transaction of $535,334.80. Following the transaction, the insider now directly owns 4,966 shares in the company, valued at $535,334.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Joseph Welzenbach sold 4,723 shares of The Hanover Insurance Group stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $106.09, for a total value of $501,063.07. Following the transaction, the insider now owns 29,244 shares in the company, valued at $3,102,495.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,689 shares of company stock worth $1,555,848. Corporate insiders own 1.08% of the company’s stock.

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About The Hanover Insurance Group

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 The Hanover Insurance Group (NYSE:THG)

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