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The Hanover Insurance Group MarketRank™ Stock Analysis
It removes the cost of servicing debt, as well as depreciation and amortisation which are non-cash accounting entries. The Hanover Insurance Group’s stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.13%), Vanguard https://www.tradebot.online/ Group Inc. (10.12%), Franklin Resources Inc. (3.51%), Massachusetts Financial Services Co. MA (3.40%), Victory Capital Management Inc. (2.89%) and Allspring Global Investments Holdings LLC (2.78%). The Hanover Insurance Group announced a quarterly dividend on Monday, February 26th.
The company’s preferred measure of financial performance is adjusted EBITDA (earnings before interest, tax, depreciation and amortisation). © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. EBITDA’s popular because it’s intended to assess the operating cash flow of a business.
Price Target and Rating
The Company, through its subsidiaries, offers property and casualty insurance products including personal lines, commercial lines and other property casualty through independent agents. Hanover Insurance Group serves customers in the State of Massachusetts. The value of your investments can go down as well as up and you may get back less than you put in. Tax treatment depends on your individual circumstances and may be subject to future change.
- Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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- To answer this, it’s necessary to delve a little deeper into the company’s financial statements.
- And the value of its average basket size is getting bigger.
- To keep things simple, I’m going to assume all three will be unchanged during FY23, at a combined £259m.
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Since the company made its stock market debut in September 2020, the THG share price has crashed by over 90%. The Hanover Insurance Group saw a increase in short interest in February. As of February 15th, there was short interest totaling 498,900 shares, an increase of 24.1% from the January 31st total of 402,000 shares. Based on an average daily trading volume, of 166,100 shares, the short-interest ratio is presently 3.0 days. Approximately 1.4% of the company’s shares are sold short.
Any performance statistics that do not adjust for exchange rate changes are likely to result in an inaccurate portrayal of real returns for sterling-based investors. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK. The Hanover Insurance Group Inc operates as a holding company.
About The Hanover Insurance Group Stock (NYSE:THG)
And the value of its average basket size is getting bigger. Also, the company plans to raise its margin to 9% over the “medium term”. One of the company’s biggest shareholders agrees, claiming that the company would be worth more if it was split into its operating divisions – beauty, nutrition and its e-commerce platform. It therefore appears to me that the company’s a long way off from being profitable at a pre-tax level. If I’m correct and EBITDA is £117m, the company’s pre-tax loss for FY23 will be £106m.
If you require any personal advice or recommendations, please speak to an independent qualified financial adviser. 6 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for The Hanover Insurance Group in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “moderate buy” THG shares. James Beard has no position in any of the shares mentioned.
Hanover Insurance Group Inc/TheTHG:US
Shareholders of record on Friday, March 15th will be paid a dividend of $0.85 per share on Friday, March 29th. This represents a $3.40 annualized dividend and a dividend yield of 2.61%. Impressive double-digit-percentage growth in earnings puts this stock at the top of my watch list for consideration in March. For this reason alone, I suspect the THG share price could continue to disappoint. Therefore, until there’s a clear path to profitability, I can’t see the share price changing very much.
THG PLCTHG:LN
But even if it managed to achieve this, it would still be a long way from covering its interest, depreciation and amortisation charges. To answer this, it’s necessary to delve a little deeper into the company’s financial statements. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. The company now has twice as many active customers as it did in 2019.
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