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The Hanover Insurance Group Inc

Allmerica Property & Casualty Cos

The Hanover Insurance Group

By 1994, Hanover Insurance had changed its name to Allmerica Property & Casualty Companies, Inc. It moved from the NASDAQ to the New York Stock Exchange, where it traded publicly under the new symbol, APY.

In summer 1995 the stock price climbed above its 1993 peak high, as the economy came out of its soft landing, and PE ratios began their historic late 1990s ascent.

The Hanover Insurance Group

On December 1, 2005, Allmerica Financial Corporation changed its name to The Hanover Insurance Group, Inc. and is the parent company of two divisions, Hanover Insurance and Citizens Insurance. It publicly trades under its new ticker symbol since that time. Those companies serve customers with auto, home and business insurance.

The Variable Life and Variable Annuity insurance businesses of Allmerica Financial Corporation became CommonWealth Annuity and Life Insurance Company, a Goldman Sachs Company. In January 2009, CommonWealth Annuity and Life Insurance Company acquired First Allmerica Life Insurance Company from The Hanover Group. In 2008, Hanover acquired AIX Group. In 2011, it acquired Chaucer Holdings.

In August 2020, The Hanover Insurance Group dropped the malpractice insurance of , the lawyer for the whistleblower in the Trump-Ukraine scandal. Hanover said it had reviewed Zaid’s website and discovered that his law firm practiced whistleblower law. Zaid said that Hanover’s action served to protect those who wish to silence whistleblowers.

The Hanover Introduces Hanover I

The Hanover Insurance Group, Inc. , a leading property and casualty insurance company, today announced the launch of its Hanover i-on Sensor Program, which offers a robust set of technology-based services to help business and organization owners prevent workplace injuries, property damage, theft, and other losses offered through strategic partnerships. The IoT technology solutions enable business leaders to monitor facilities, property, and employee safety to proactively manage risk.

  • PR Newswire

    The Hanover Insurance Group, Inc. today announced Elizabeth A. Ward has been elected to the company’s board of directors, effective immediately, and has been appointed to serve on the board’s audit committee.

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    Top Review Highlights By Sentiment

    The Hanover Insurance Group Announces Dividend

    The Hanover Insurance Group: Read reviews and ask questions

    The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Thursday, September 15th. The Hanover Insurance Groups dividend payout ratio is presently 37.17%.

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    The Hanover Reports Second Quarter Net Income And Operating Income Of $063 And $232 Per Diluted Share Respectively Combined Ratio Of 962% Combined Ratio Excluding Catastrophes Of 902%

    The Hanover Insurance Group, Inc. today reported net income of $22.6 million, or $0.63 per diluted share, in the second quarter of 2022, compared to $128.5 million, or $3.52 per diluted share, in the prior-year quarter. Operating income was $83.9 million, or $2.32 per diluted share, for the second quarter of 2022. This compared to operating income of $104.0 million, or $2.85 per diluted share, in the prior-year quarter. The difference between net and operating income in the second

    The Property And Casualty Insurance Company Invests In Growing Its People With Dayforce

    The battle for talent within the financial services industry is fierce. Changing consumer behaviors, big data, workforce automation, and market disruption all contribute to the competitive labor market. Companies must adapt and transform to remain competitive, which is exactly what The Hanover Insurance Group has done.

    We continue to further enhance our workforce and modernize our work practices, says Elena Patronas, VP of HR at The Hanover. Today, people are looking for a place that is more flexible, inclusive, diverse, and equitable a place where they can grow their career and thrive all things that are important elements of our culture at The Hanover.

    The Hanover is one of the largest insurance companies in the United States and has underwritten property and casualty insurance for over 150 years. Based in Worcester, Massachusetts, The Hanover employs 4,300 people.

    One of the many ways The Hanover retains top talent and draws in new talent is through its effective use of technology, including Dayforce HCM. By employing relevant technology, The Hanover has been able to improve the employee experience while giving the company an edge in the battle for talent.

    Integrated technology is expected of us, says Cilsy Harris, CIO of Corporate and Enterprise. Not having technology in place says youre not here for the next generation of the workforce.

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    The Hanover Reports Strong First Quarter Net Income And Operating Income Of $290 And $326 Per Diluted Share Respectively Net And Operating Return On Equity Of 140% And 157% Respectively

    The Hanover Insurance Group, Inc. today reported net income of $104.8 million, or $2.90 per diluted share, in the first quarter of 2022, compared to $92.7 million, or $2.51 per diluted share, in the prior-year quarter. Operating income was $117.7 million, or $3.26 per diluted share, for the first quarter of 2022. This compared to operating income of $61.4 million, or $1.66 per diluted share, in the prior-year quarter.

    The Hanover Estimates Third Quarter Catastrophe Losses And Preliminary Results

    The Hanover’s Jack Roche: Exciting Career Opportunities in the Insurance Industry

    The Hanover Insurance Group, Inc. today announced a preliminary estimate for third quarter catastrophe losses of approximately $90 million, before taxes, or 6.8 points of net earned premiums. The estimate is approximately $22 million above the company’s pre-tax third quarter catastrophe assumption, driven primarily by the effects of Hurricane Ian. Estimated catastrophe losses from Hurricane Ian are approximately $28 million, before taxes, primarily in the company’s Commercial Lines b

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    The Hanover Insurance Group Inc

    The Hanover Insurance Group was established in 1852 near Hanover Square in Manhattan in New York City. It paid a cash dividend to shareholders every year since 1853.

    Though remaining a relatively small company over the next 125 years, Hanover’s common stock price multiplied between 1971 and 1983 by over 23 times from its low point in the decade to its eventual peak. During the end of that period, in 1981, it split its shares three-for-two. The stock was traded publicly on the Over the Counter exchange, now called the NASDAQ.

    The rapid growth of the company continued into the mid-1980s, and in 1984 it split again, two-for-one, and by 1985 nearly doubled in price once more, trading then at a high price/earnings ratio of 61. At that time the company was debt-free, and carried a book value of nearly US$330 million. However, by then the company’s earnings had fallen to about a third of what they had been in the early 1980s.

    In 1987, the company split its stock two-for-one again, and was yet again on its way to another double in price, even as its PE ratio dropped back down to a bargain five times earnings. Those earnings had grown to nearly US$100 million, more than double what the company had earned at the prior peak of 1981. Book value by 1987 stood at US$550 million.

    However, by the early 1990s recession, Hanover’s earnings had declined once more, to about US$50 million.

    Hanover Insurance Group Inc

    The Hanover Reports Third Quarter Results

    Third Quarter Highlights

    WORCESTER, Mass., November 1, 2022 – The Hanover Insurance Group, Inc. today reported net income of $0.2 million, or $0.01 per diluted share, in the third quarter of 2022, compared to $34.0 million, or $0.94 per diluted share, in the prior-year quarter. Operating income was $35.7 million, or $0.99 per diluted share, for the third quarter of 2022. This compared to operating income of $30.8 million, or $0.85 per diluted share, in the prior-year quarter. The difference between net and operating income in the third quarter of 2022 was primarily due to the after-tax decrease in the fair value of equity securities of $23.0 million, or $0.64 per fully diluted share, and after-tax losses on intent to sell fixed income securities of $11.3 million, or $0.31 per fully diluted share.

    *Unless otherwise stated, net premiums written growth and other growth comparisons are to the same period of the prior year

    See information about this and other non-GAAP measures and definitions used throughout this press release on the final pages of this document.

    The Hanover Insurance Group, Inc. may also be referred to as The Hanover or the company interchangeably throughout this press release.

    Please wait while we load the requested 10-Q report or click the link below:

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    The Hanover Reports Third Quarter Results

    The Hanover Insurance Group, Inc. today reported net income of $0.2 million, or $0.01 per diluted share, in the third quarter of 2022, compared to $34.0 million, or $0.94 per diluted share, in the prior-year quarter. Operating income was $35.7 million, or $0.99 per diluted share, for the third quarter of 2022. This compared to operating income of $30.8 million, or $0.85 per diluted share, in the prior-year quarter. The difference between net and operating income in the third quart

    Thg 3q Revenue Boosted By Beauty Nutrition Backs 2022 Guidance

    The Hanover Insurance Group: Read reviews and ask questions

    THG PLC on Tuesday reported a 2.1% rise in third-quarter revenue–which was boosted by beauty and nutrition, its two largest units–and backed its full-year guidance. The U.K. e-commerce company–known as the Hut Group–said group revenue for the quarter ended Sept. 30 was 518.6 million pounds , compared with GBP507.8 million a year earlier.

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    The Hanover Insurance Group To Present At The Keefe Bruyette & Woods Insurance Conference On September 8

    The Hanover Insurance Group, Inc. today announced John C. Roche, president and chief executive officer, and Jeffrey M. Farber, executive vice president and chief financial officer, will participate in a fireside chat at the Keefe, Bruyette & Woods Insurance Conference on Thursday, September 8 from 10:35 a.m. to 11:15 a.m. E.T.

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  • The Hanover Publishes Select Historical Financial Information Reflecting Planned Changes In Business Segment Reporting Expects To Issue First Quarter Financial Results Under New Segment Reporting On May 3

    The Hanover Insurance Group, Inc. today published select historical quarterly and annual financial information reflecting the planned changes to the company’s segment reporting, as was announced on its fourth quarter earnings call. The change in segment reporting does not affect the company’s previously reported consolidated results of operations, underwriting ratios, financial condition or cash flows.

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    Am Best Affirms Credit Ratings Of The Hanover Insurance Group Inc And Its Subsidiaries

    OLDWICK, N.J., June 21, 2022–AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of “a+” of the property/casualty subsidiaries of The Hanover Insurance Group, Inc. , which are collectively referred to as The Hanover. Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” and all Long-Term Issue Credit Ratings of THG, which is the parent holding company. The ou

  • PR Newswire

    The Hanover Insurance Group, Inc. today announced Francisco A. Aristeguieta has been elected to the company’s board of directors, effective today.

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  • The Hanover Insurance Group Stock Performance

    Hanover Insurance Group Executive Willard Lee on Innovation Through Co-Creation | Technovation 670

    The Hanover Insurance Group stock opened at $138.53 on Wednesday. The firms 50 day simple moving average is $136.46 and its 200 day simple moving average is $138.87. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4.93 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 0.94 and a beta of 0.72. The Hanover Insurance Group, Inc. has a 1-year low of $121.69 and a 1-year high of $155.55.

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    The Hanover Insurance Group Inc Insider Upped Their Holding By 22% Earlier This Year

    Viewing insider transactions for The Hanover Insurance Group, Inc.’s over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.

    While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.

    Our Promise To Customers

    When you have a claim, we’ll provide the expertise, guidance and tools to make things as easy as possible for you and your family or business. Day in and day out, our skilled claims professionals help us deliver on this promise getting people back on the road, back into their homes and back to business after the unexpected occurs. Depending on the specifics of your claim, we may interact through self-service digital or virtual options, onsite visits and/or through trusted vendor partners. We’ll be with you every step of the way.

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    Hanover Insurance Group Inc The

    Headquarters

    Supports: Policy includes sexual orientation for all operations

    Supports: Policy includes gender identity or expression for all operations

    Criteria 2

    Supports: Equivalency in same- and different-sex spousal medical and soft benefits

    Supports: Equivalency in same- and different-sex domestic partner medical and soft benefits

    Supports: Equal health coverage for transgender individuals without exclusion for medically necessary care

    Criteria 3

    Hanover Insurance Group Insider Transactions Over The Last Year

    Milan, Italy

    In the last twelve months, the biggest single purchase by an insider was when Executive VP & CFO Jeffrey Farber bought US$618k worth of shares at a price of US$124 per share. That implies that an insider found the current price of US$135 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it’s less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Hanover Insurance Group insider decided to buy shares at close to current prices. Jeffrey Farber was the only individual insider to buy during the last year.

    You can see the insider transactions over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

    Hanover Insurance Group is not the only stock insiders are buying. So take a peek at this freelist of growing companies with insider buying.

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    Is The Hanover Insurance Group Stock Undervalued Right Now

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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  • Wall Street Analyst Weigh In

    Several research firms have recently issued reports on THG. Piper Sandler lowered shares of The Hanover Insurance Group from an overweight rating to a neutral rating and set a $144.00 price target on the stock. in a research report on Monday, November 7th. Morgan Stanley lowered their price target on shares of The Hanover Insurance Group from $155.00 to $145.00 and set an equal weight rating on the stock in a research report on Friday, August 19th. Janney Montgomery Scott began coverage on shares of The Hanover Insurance Group in a research report on Friday, November 11th. They issued a buy rating and a $164.00 price target on the stock. Finally, StockNews.com lowered shares of The Hanover Insurance Group from a buy rating to a hold rating in a research report on Thursday, October 13th.

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    So What Do The Hanover Insurance Group Insider Transactions Indicate

    An insider hasn’t bought Hanover Insurance Group stock in the last three months, but there was some selling. But we take heart from prior transactions. And insiders do own shares. So the recent selling doesn’t worry us too much. So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. You’d be interested to know, that we found 2 warning signs for Hanover Insurance Group and we suggest you have a look.

    If you would prefer to check out another company — one with potentially superior financials — then do not miss this freelist of interesting companies, that have HIGH return on equity and low debt.

    For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

    Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself.

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