The Hanover Insurance Group: A Closer Look at Upcoming Dividend Payments
The Hanover Insurance Group (THG), a stalwart of the insurance industry, has announced that it will pay a dividend of $0.81 per share with a record date of June 30, 2023. This follows a similar dividend payment made on March 31, 2023. The company continues to maintain a stable dividend payout ratio, which is certainly attractive to income-focused investors.
To comprehend the logistics of the dividend distribution, it's crucial to understand two important dates: the ex-dividend date and the record date. The ex-dividend date for this upcoming dividend is set for June 15, 2023. On this date, the stock starts trading without the value of its next dividend payment, which means any purchase of the stock made on this date or after will not be eligible for the upcoming dividend. Instead, the seller will retain the rights to the dividend.
On the other hand, the record date, slated for June 30, 2023, is the date when the company looks at its records to decide who its shareholders are. An investor must be listed as a holder of record to ensure receipt of the dividend. In practice, this means the investor must purchase the stock before the ex-dividend date.
Implications of the Dividend Announcement
This consistent dividend payment indicates the Hanover Insurance Group's stable financial health and commitment to returning capital to shareholders. The dividend payout also suggests that the company is generating enough profit to distribute dividends while still having sufficient funds to reinvest in its operations. This is a positive signal for both current and prospective shareholders.
While a dividend yield is not the only factor to consider while investing, it is a crucial component of total return, especially for those investors who rely on dividend income. To this end, THG has shown a robust track record of returning capital to its shareholders.
Looking Ahead
Given the track record of The Hanover Insurance Group's dividends, shareholders can likely expect future dividend payments to continue, barring any significant downturn in the company's fortunes or a substantial shift in its dividend policy.
Overall, the forthcoming dividend payment from THG reinforces the company's positioning as a valuable consideration for income-focused investors. However, like any investment decision, potential investors should also analyze other fundamental aspects of the company such as earnings growth, PE ratio, debt levels, and the overall health of the insurance sector, before buying the stock.
This announcement serves as a reminder of the importance of understanding the mechanics of dividend payouts, including key dates like the ex-dividend and record date. Knowing these can help investors strategically time their stock purchases, whether they're seeking to maximize their income or manage their investment's total return.
THG in upward trend: price rose above 50-day moving average on September 14, 2023
THG moved above its 50-day moving average on September 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 41 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 01, 2023. You may want to consider a long position or call options on THG as a result. In of 105 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for THG just turned positive on August 31, 2023. Looking at past instances where THG's MACD turned positive, the stock continued to rise in of 56 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for THG crossed bullishly above the 50-day moving average on September 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where THG advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for THG moved out of overbought territory on September 21, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 25 similar instances where the indicator moved out of overbought territory. In of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where THG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
THG broke above its upper Bollinger Band on September 18, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for THG entered a downward trend on September 14, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.791) is normal, around the industry mean (1.962). P/E Ratio (37.453) is within average values for comparable stocks, (40.965). THG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.025). Dividend Yield (0.029) settles around the average of (0.044) among similar stocks. P/S Ratio (0.695) is also within normal values, averaging (1.247).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. THG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. THG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock worse than average.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a holding company for several property and casualty insurance companies
Industry PropertyCasualtyInsurance
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|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| PYZ | 78.71 | 0.56 | +0.72% |
| Invesco DW Basic Materials Momt ETF | |||
| SCHK | 41.67 | 0.17 | +0.41% |
| Schwab 1000 ETF | |||
| MAYZ | 24.87 | 0.09 | +0.35% |
| TrueShares Structured Outcome May ETF | |||
| BBHY | 44.03 | -0.05 | -0.11% |
| JPMorgan BetaBuilders $ HY Corp Bnd ETF | |||
| DBEZ | 38.58 | -0.20 | -0.52% |
| Xtrackers MSCI Eurozone Hedged Eq ETF | |||
THG and
Correlation & Price change
A.I.dvisor indicates that over the last year, THG has been closely correlated with SIGI. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if THG jumps, then SIGI could also see price increases.
| Ticker / NAME | Correlation To THG | 1D Price Change % | ||
|---|---|---|---|---|
| THG | 100% | +0.60% | ||
| SIGI - THG | 71% Closely correlated | +0.44% | ||
| AXS - THG | 68% Closely correlated | +0.05% | ||
| L - THG | 67% Closely correlated | +0.29% | ||
| CINF - THG | 66% Closely correlated | -0.35% | ||
| TRV - THG | 65% Loosely correlated | N/A | ||
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