The Hanover Insurance Group, Inc. (NYSE:THG) declared quarterly dividend of $ 0.65 per share, or $ 2.60 annualized.
The dividend will be payable on September 25, 2020, to stockholders of record on September 11, 2020, with an ex-dividend date of September 10, 2020.
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The Hanover Insurance Group, Inc. recently reported second quarter financial results on July 28, 2020, after market close, property and casualty insurance products and services unveiled income for the second quarter of $ 1.63 per share, from the revenue of $ 1,081.00 million. The quarterly earnings reduced 13.30 percent while revenues decreased 4.99 percent compared with the same quarter last year.
Street analysts expected The Hanover Insurance Group, Inc. recently reported second quarter financial results on July 28, 2020, after market close, property and casualty insurance products and services to report income of $ 1.12 per share on revenue of $ 1127.95 million for the second quarter. The bottom line results beat street analysts by $ 0.51 or 45.54 percent, at the same time, top line results fell short of analysts by $ 46.95 million or 4.16 percent.
Shares of The Hanover Insurance Group, Inc. traded low $ -2.36 or -2.25 percent on Monday, reaching $ 102.57 with volume of 96.40 thousand shares. The stock opened down for the day at $ 104.68, after closing the previous day trading at $ 104.93.
According to the previous trading day, closing price of $ 104.93, representing a 39.70 % increase from the 52 week low of $ 75.11 and a 27.49 % decrease over the 52 week high of $ 144.71.
The company has a market capital of $ 3.87 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.