Hanover Insurance Group Inc (NYSE:THG):
The Hanover Insurance Group, Inc. To Issue Third Quarter 2016 Financial Results On November 3.
The company is so far trading up by 0.72% since yesterday’s close of $75.16.
Additionally Hanover Insurance Group Inc announced a dividend that will be paid on Fri Sep 30, 2016. The dividend will be $0.460 per share for the quarter which comes to $1.84 on an annualized basis. This dividend amount will represent a yeild of $2.45. The ex-dividend date will be on Wednesday September 14th, 2016.
The stock is trading at $75.70 which is marginally under $77.13, the stock’s 50 day moving average and just a bit lower than the 200 day moving average of $83.33. The 50 day moving average was down $-1.47 or -1.91% and the 200 day average went down $-7.67 or -9.20%.
Hanover Insurance Group Inc’s P/E ratio is 14.09 and market capitalization is 3.23B. In the last earnings report the EPS was $5.37 and is estimated to be $5.93 for the current year with 42,743,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.64 with next year’s EPS projected to be $6.70.
A few investment firms have issued ratings on the company recently. Equity analyst BMO Capital upgraded the stock and raised the price target on March 28 changing the price target from $86.00 to $98.00 and moving the rating from “Market Perform” to “Outperform”. On March 28 the stock rating was upgraded from “Market Perform” to “Outperform” with a current price target of $98.00 in a report from BMO Capital.
On November 12, 2015 the stock rating was set at “Neutral” in a report from Piper Jaffray down from the previous “Overweight” rating. On July 20 JMP Securities held the company rating at “Market Outperform” and moved up the price target to $85.00 from $78.00.
On July 14 analysts at Piper Jaffray issued its first research report on the stock setting a rating of “Overweight” and projecting a price target of $87.00. April 9 investment analysts at JMP Securities kept the stock rating at “Market Outperform” and raised the price target from $76.00 to $78.00.