|Bid||101.89 x 1000|
|Ask||102.05 x 900|
|Day's Range||100.95 - 103.25|
|52 Week Range||75.11 - 144.71|
|Beta (5Y Monthly)||0.86|
|PE Ratio (TTM)||15.51|
|Earnings Date||Jul 28, 2020|
|Forward Dividend & Yield||2.60 (2.72%)|
|Ex-Dividend Date||Jun 11, 2020|
|1y Target Est||121.67|
The Hanover Insurance Group, Inc. (NYSE: THG) today announced it expects its second quarter catastrophe losses to be approximately $148 million, before taxes, or $117 million after taxes, driven primarily by hail and wind storms in the Midwest in April and, to a lesser extent, property losses from civil unrest across the United States. The estimate also includes approximately $7 million of favorable prior-year development on several events from recent accident years. The estimate does not include COVID-19-related exposures or favorable overall loss frequency, which will continue to be reported in the ex-cat current accident year loss and loss adjustment expense line. The company's updated view of COVID-19-related losses, which has been expanded to include workers' compensation, is not expected to be material to its second quarter results. The company also expects to report lower than expected current accident year losses, excluding catastrophes, due to lower frequency, while still reflecting prudent reserves. This favorability will offset to a large degree the higher than expected catastrophe losses in the quarter.
The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its second quarter financial results after the market closes on Tuesday, July 28. The company expects to webcast a discussion of its results on Wednesday, July 29 at 10:00 a.m. ET, through its website at hanover.com.
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a+" of the property/casualty subsidiaries of The Hanover Insurance Group, Inc. (THG) [NYSE: THG], collectively referred to as The Hanover or the group. Additionally, AM Best has affirmed the Long-Term ICR of "bbb+" and all Long-Term Issue Credit Ratings (Long-Term IR) of THG, which is the parent holding company. The outlook of these Credit Ratings (ratings) remains stable. All above named companies are headquartered in Worcester, MA. (See below for a detailed listing of the companies and ratings.)
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
The Hanover Insurance Group, Inc. (NYSE: THG) today announced the launch of Hanover Technology Professional and Cyber Advantage, an integrated and broad errors and omissions, cyber, and risk management solution for technology businesses.
A new study released today found that despite the increase in direct insurance writers, small business owners are reporting that independent insurance agents are more important than ever in helping them assess their insurance needs. The 2020 Small Business Risk Report, conducted by Forbes Insights, the strategic research and thought leadership practice of Forbes, and The Hanover Insurance Group, Inc. (NYSE: THG), a leading property and casualty insurance company, surveyed small business owners to garner their perspectives around insurance exposures and future vulnerabilities.
The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has declared a quarterly dividend of $0.65 per share on the issued and outstanding common stock of the company, payable June 26, 2020, to shareholders of record at the close of business on June 12, 2020.
The Hanover Insurance Group, Inc. (NYSE: THG) today announced the company's latest investments in its professional lines solutions with enhancements to its Hanover Accountants Professional Advantage product and its Hanover Allied Healthcare Advantage offering.
The Hanover Insurance Group, Inc. (NYSE:THG), which is in the insurance business, and is based in United States...
The Hanover Insurance Group, Inc. (NYSE: THG) today reported a net loss of $40.0 million, or $1.04 per basic share*, in the first quarter of 2020, compared to net income of $122.4 million, or $2.97 per diluted share, in the prior-year quarter. Operating income (1) was $86.8 million, or $2.23 per diluted share, for the first quarter of 2020, up from $80.7 million, or $1.96 per diluted share, in the prior-year quarter. The difference between the net loss and operating income in the quarter was primarily due to an after-tax decrease in the fair value of equity securities of $107.6 million, or $2.81 per basic share, and after-tax impairment losses on investments of $22.5 million, or $0.59 per basic share, both of which follow the dramatic downturn in the financial markets in March and are excluded from operating income.
A new study commissioned by The Hanover Insurance Group, Inc. (NYSE: THG) found the majority of business decision makers are insured against traditional cyber risks, such as breaches of personal information, but most were vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage.
With its stock down 30% over the past three months, it is easy to disregard Hanover Insurance Group (NYSE:THG...
The Hanover Insurance Group, Inc. (NYSE: THG) today announced a change in the location of its 2020 Annual Meeting of Shareholders. Due to the ongoing public health crisis and related social distancing guidelines, and in consideration of the health and well-being of meeting attendees, the company will hold a virtual-only meeting on Tuesday, May 12, at 9:00 a.m. Eastern Time. Shareholders will not be allowed to attend in person.
The Hanover Insurance Group, Inc. (NYSE: THG) today announced that James A. Kelley has been appointed president of Hanover Specialty Industrial Property. Kelley will be responsible for enhancing the company's broad portfolio of insurance solutions for complex high hazard industrial businesses. He replaces James L. Abraham, who will be retiring from the organization this month.
The Hanover Insurance Group, Inc. (NYSE: THG) today announced it has created The Hanover CARES Refund, through which the company will return 15% of April and May auto premiums to its eligible personal lines customers, providing financial relief during the coronavirus pandemic. The company also announced additional customer relief measures and a commitment to contribute $500,000 to nonprofits in local communities to address needs arising from the public health crisis.
The Hanover Insurance Group, Inc. (NYSE: THG) today announced Dennis F. Kerrigan has been appointed executive vice president and general counsel, effective immediately, following the retirement of longtime general counsel, J. Kendall Huber. In this role, Kerrigan is responsible for The Hanover's legal, regulatory and government affairs, as well as compliance, state filings, securities, and corporate governance matters.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
The Hanover Insurance Group, Inc. (NYSE: THG) plans to issue its first quarter financial results after the market closes on Tuesday, April 28, 2020. The company expects to webcast a discussion of its results on Wednesday, April 29, 2020, at 10:00 a.m. ET, through its website at www.hanover.com.
Unfortunately for some shareholders, the Hanover Insurance Group (NYSE:THG) share price has dived 37% in the last...
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
The Hanover Insurance Group, Inc. (NYSE: THG) today announced that Sarah M. Medina has been appointed president of professional liability. Medina will work closely with The Hanover's Specialty leadership team to enhance the company's expansive portfolio of professional liability products.
The Hanover Insurance Group, Inc. (NYSE: THG) today announced Cynthia L. Egan has been elected vice chair of the company's board of directors and Martin P. Hughes has been elected to the board. Egan was elected vice chair with the expectation she will become board chair in May 2021, following the mandatory retirement of current board chair P. Kevin Condron, in accordance with board policy.