Ultime notizie per Hanover Insurance Gr (NYSE:THG) Azioni

Hanover Insurance Gr

The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.

The Hanover Insurance Group Inc

Thetan Arena

THG HLDGS PLC UNSP/ADR by THG Holdings PLC.

THG PLC

Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Hanover Insurance Gr to report an earnings per share (EPS) of $2.46.
Hanover Insurance Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.31, leading to a 1.79% drop in the share price the following trading session.
Here's a look at Hanover Insurance Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.57</td>
<td>2.71</td>
<td>2.73</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.88</td>
<td>3.08</td>
<td>3.13</td>
<td>0.19</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-0.0%</td>
<td>-0.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730217696_0.png" alt="eps graph" />
<h3>Tracking Hanover Insurance Gr's Stock Performance</h3>
Shares of Hanover Insurance Gr were trading at $149.15 as of October 28. Over the last 52-week period, shares are up 23.71%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/THG/earnings">To track all earnings releases for Hanover Insurance Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

What to Expect from Hanover Insurance Gr's Earnings

JMP Securities analyst Matthew Carletti reiterates Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Outperform and maintains $160 price target.

News

Price Target

Reiteration

Analyst Ratings

JMP Securities Reiterates Market Outperform on Hanover Insurance Gr, Maintains $160 Price Target

Throughout the last three months, 5 analysts have evaluated Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $158.8, a high estimate of $170.00, and a low estimate of $144.00. Observing a 4.75% increase, the current average has risen from the previous average price target of $151.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1728590434_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Hanover Insurance Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$144.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$158.00</td>
<td>$161.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$162.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Hanover Insurance Gr. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Hanover Insurance Gr compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Hanover Insurance Gr's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Hanover Insurance Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/THG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hanover Insurance Gr analyst ratings.</a>
<h2>Delving into Hanover Insurance Gr's Background</h2>
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
<h3>Financial Insights: Hanover Insurance Gr</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Hanover Insurance Gr's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.95% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Hanover Insurance Gr's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 2.64%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Hanover Insurance Gr's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.6%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Hanover Insurance Gr's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.27%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.31, Hanover Insurance Gr faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 5 Analyst Evaluations For Hanover Insurance Gr

B of A Securities analyst Grace Carter maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Neutral and raises the price target from $158 to $170.

B of A Securities Maintains Neutral on Hanover Insurance Gr, Raises Price Target to $170

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor&#39;s dream. However, when you&#39;re an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company&#39;s earnings paid out to shareholders; it&#39;s often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
<h2>Hanover Insurance Group in Focus</h2>
Hanover Insurance Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thg#NYSE">THG</a>) is headquartered in Worcester, and is in the Finance sector. The stock has seen a price change of 21.43% since the start of the year. The insurance company is paying out a dividend of $0.85 per share at the moment, with a dividend yield of 2.31% compared to the Insurance - Property and Casualty industry&#39;s yield of 0.35% and the S&amp;P 500&#39;s yield of 1.58%.
Taking a look at the company&#39;s dividend growth, its current annualized dividend of $3.40 is up 3.7% from last year. Over the last 5 years, Hanover Insurance Group has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.28%. Any future dividend growth will depend on both earnings growth and the company&#39;s payout ratio; a payout ratio is the proportion of a firm&#39;s annual earnings per share that it pays out as a dividend. Hanover Insurance&#39;s current payout ratio is 41%, meaning it paid out 41% of its trailing 12-month EPS as dividend.
THG is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2024 is $10.85 per share, representing a year-over-year earnings growth rate of 595.51%.
<h2>Bottom Line</h2>
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it&#39;s fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, THG presents a compelling investment opportunity; it&#39;s not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy).
<a href="https://www.zacks.com/stock/news/2334130/why-hanover-insurance-group-thg-is-a-top-dividend-stock-for-your-portfolio?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_5-2334130">To read this article on Zacks.com click here.</a>

Mid Cap

Dividends

Markets

Trading Ideas

Why Hanover Insurance Group is a Top Dividend Stock for Your Portfolio

Throughout the last three months, 4 analysts have evaluated Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>), offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $156.0, along with a high estimate of $162.00 and a low estimate of $144.00. Observing a 4.0% increase, the current average has risen from the previous average price target of $150.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1723557621_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Hanover Insurance Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$144.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$158.00</td>
<td>$161.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$162.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hanover Insurance Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Hanover Insurance Gr compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Hanover Insurance Gr's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Hanover Insurance Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/THG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hanover Insurance Gr analyst ratings.</a>
<h2>Get to Know Hanover Insurance Gr Better</h2>
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
<h3>Hanover Insurance Gr: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Hanover Insurance Gr's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.95% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Hanover Insurance Gr's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 2.64%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Hanover Insurance Gr's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.6%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Hanover Insurance Gr's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.27%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Hanover Insurance Gr's debt-to-equity ratio stands notably higher than the industry average, reaching 0.31. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For Hanover Insurance Gr

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Perform and raises the price target from $142 to $144.

Keefe, Bruyette & Woods Maintains Market Perform on Hanover Insurance Gr, Raises Price Target to $144

California has faced numerous wildfires in recent memory as <a href="https://www.benzinga.com/topic/climate-change">climate change-induced weather</a> wreaks havoc on the Golden State. Which companies could be affected by the <a href="https://www.benzinga.com/markets/equities/24/08/40112086/august-heat-wave-grips-us-12-stocks-to-watch-as-blistering-temperatures-affect-nearly-150-millio">ongoing Park Fire</a> in Northern California?
Park Fire Rundown: The Park fire, the largest wildfire currently burning in the U.S., has ravaged over 426,000 acres in Northern California, particularly within Lassen National Forest, according <a href="https://www.nytimes.com/2024/08/08/us/park-fire-california.html?partner=slack&amp;smid=sl-share">to</a> the New York Times.
The fire, ignited by an arson attack on July 24 near Chico in Butte County, has destroyed hundreds of homes and structures and was 34% contained as of Wednesday. 
The fire spread rapidly due to hot, dry conditions and dense vegetation. Due to the region&#8217;s rugged terrain, firefighters face difficulties in managing the fire. This fire has become the fourth largest in California history and could surpass the third-largest Mendocino Complex fire.
Experts attribute its intensity to climate change&#8217;s impact on California&#8217;s weather conditions. The hotter, drier climate extended and worsened wildfire seasons.
The fire is in a similar region to the deadly 2018 Camp Fire in Butte County.
Market Implications: California wildfires can negatively affect several companies, including those in the insurance, utilities and logistics industries.
Hanover Insurance Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) and Mercury General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) each took hits in the aftermath of the 2018 Camp Fire.
It is unclear what PG&amp;E Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) exposure is to the Park Fire. The utility provider, which supplies electricity to the region, <a href="https://krcrtv.com/news/local/pge-restores-power-to-over-2000-customers-affected-by-the-park-fire">confirmed</a> that it left some customers without power. A failure in PG&amp;E&#8217;s electrical infrastructure caused the 2018 Camp Fire; the company <a href="https://www.benzinga.com/news/20/06/16327971/pg-e-bankruptcy-plan-gets-court-approval">later pleaded guilty</a> to the deaths of 84 victims of the fire.
Water utility firm California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) operates in Chico and nearby Oroville.
Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) seemingly <a href="https://www.up.com/aboutup/reference/maps/system_map/index.htm">operates</a> railway lines close to the site of the fire. The lines connect Sacramento to the Pacific Northwest and Reno, Nevada.
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Equities

Events

The Park Fire Rages On: Which Companies Could Be Affected By California's Fourth-Largest Wildfire Ever?

B of A Securities analyst Grace Carter maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Neutral and lowers the price target from $161 to $158.

B of A Securities Maintains Neutral on Hanover Insurance Gr, Lowers Price Target to $158

Piper Sandler analyst Paul Newsome maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Overweight and raises the price target from $147 to $162.

Piper Sandler Maintains Overweight on Hanover Insurance Gr, Raises Price Target to $162

JMP Securities analyst Matthew Carletti maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Outperform and raises the price target from $150 to $160.

JMP Securities Maintains Market Outperform on Hanover Insurance Gr, Raises Price Target to $160

Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) reported quarterly earnings of $1.88 per share which beat the analyst consensus estimate of $1.85 by 1.62 percent. The company reported quarterly sales of $1.47 billion which missed the analyst consensus estimate of $1.50 billion by 1.48 percent. This is a 1.80 percent increase over sales of $1.45 billion the same period last year.

Earnings Beats

Earnings Misses

Hanover Insurance Gr Q2 2024 Adj EPS $1.88 Beats $1.85 Estimate, Sales $1.47B Miss $1.50B Estimate

Taking catastrophe loss estimates and other currently available information into account, the company expects to report a second quarter combined ratio of 99.2%, and an ex-CAT combined ratio(2) of 88.5%. The company also expects to generate after-tax net income of $1.12 per diluted share and operating income(3) &nbsp;of $1.88 per diluted share for the second quarter. The difference between net income and operating income per share is due to the sale of some lower coupon fixed income securities, in consideration of expiring tax gains from 2021.&nbsp; &nbsp;

Guidance

The Hanover Estimates Q2 Catastrophe Losses Of $157.1M And Expects To Generate After-Tax Net Income Of $1.12 Per Diluted Share And Operating Income Of $1.88 Per Diluted Share In Q2

Hanover Insurance Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) short percent of float has risen 13.08% since its last report. The company recently reported that it has 774 thousand shares sold short, which is 2.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.5 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hanover Insurance Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720018823_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hanover Insurance Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Hanover Insurance Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hanover Insurance Gr's peer group average for short interest as a percentage of float is 2.20%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Hanover Insurance Gr's Recent Short Interest

The Nasdaq 100 closed higher by around 0.3% on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Wynn Resorts</h3>
<ul>
<li>The Trade: Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) Director Betsy S Atkins <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,446 shares</a> at an average price of $94.39. The insider received around $230,878 from selling those shares.</li>
<li>What's Happening: On May 23, Argus Research analyst John Staszak upgraded Wynn Resorts from Hold to Buy and announced a $110 price target.</li>
<li>What Wynn Resorts Does: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<h3 class="wp-block-heading">Morningstar</h3>
<ul>
<li>The Trade: Morningstar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MORN#NASDAQ">MORN</a>) Executive Chairman Joseph D Mansueto <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 6,197 shares</a> at an average price of $297.28. The insider received around $1.84 million from selling those shares.</li>
<li>What's Happening: Morningstar said Rod Diefendorf will be appointed the next leader of PitchBook as President and Chief Operating Officer.</li>
<li>What Morningstar Does: Morningstar Inc is a provider of independent investment research to financial advisers, asset managers, and investors.</li>
</ul>
<h3 class="wp-block-heading">DoorDash</h3>
<ul>
<li>The Trade: DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) General Counsel and Secretary Tia Sherringham <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 11,740 shares</a> at an average price of $110.46. The insider received around $1.3 million from selling those shares.</li>
<li>What's Happening: On May 1, DoorDash reported quarterly losses of 6 cents per share which missed the analyst consensus estimate of losses of 4 cents by 50%.</li>
<li>What DoorDash Does: Founded in 2013 and headquartered in San Francisco, DoorDash is an online food order demand aggregator. Consumers can use its app to order food on-demand for pickup or delivery from merchants mainly in the US.</li>
</ul>
<h3 class="wp-block-heading">Hanover Insurance Group</h3>
<ul>
<li>The Trade: The Hanover Insurance Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) Director Jane D Carlin <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,119 shares</a> at an average price of $132.25. The insider received around $147,987 from selling those shares.</li>
<li>What's Happening: On May 1, Hanover Insurance posted upbeat quarterly earnings.</li>
<li>What Hanover Insurance Group Does: The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/05/39055083/advance-auto-parts-ooma-and-3-stocks-to-watch-heading-into-wednesday">Advance Auto Parts, Ooma And 3 Stocks To Watch Heading Into Wednesday</a>

Insider Trades

Pre-Market Outlook

DASH

MORN

WYNN

DoorDash, Wynn Resorts And 2 Other Stocks Insiders Are Selling

Analysts' ratings for Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $148.29, along with a high estimate of $165.00 and a low estimate of $137.00. Witnessing a positive shift, the current average has risen by 4.55% from the previous average price target of $141.83.
<img src="https://www.benzinga.com/files/images/story/2024/1714770090_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Hanover Insurance Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Phillips</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$165.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$150.00</td>
<td>-</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$142.00</td>
<td>$137.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$150.00</td>
<td>$150.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$147.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$147.00</td>
<td>$143.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$137.00</td>
<td>$124.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Hanover Insurance Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hanover Insurance Gr compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Hanover Insurance Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Hanover Insurance Gr's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/THG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hanover Insurance Gr analyst ratings.</a>
<h2>About Hanover Insurance Gr</h2>
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
<h3>Financial Insights: Hanover Insurance Gr</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Hanover Insurance Gr showcased positive performance, achieving a revenue growth rate of 3.52% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Hanover Insurance Gr's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 7.07%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Hanover Insurance Gr's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 4.71%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.75%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Hanover Insurance Gr's debt-to-equity ratio surpasses industry norms, standing at 0.32. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Hanover Insurance Gr Analyst Ratings

Oppenheimer analyst Michael Phillips maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Outperform and raises the price target from $150 to $165.

Oppenheimer Maintains Outperform on Hanover Insurance Gr, Raises Price Target to $165

Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) reported quarterly earnings of $3.08 per share which beat the analyst consensus estimate of $2.71 by 13.65 percent. This is a 2269.23 percent increase over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $1.454 billion which missed the analyst consensus estimate of $1.465 billion by 0.75 percent. This is a 2.25 percent increase over sales of $1.422 billion the same period last year.

Hanover Insurance Gr Q1 2024 Adj EPS $3.08 Beats $2.71 Estimate, Sales $1.454B Miss $1.465B Estimate

JMP Securities analyst Matthew Carletti reiterates Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Outperform and maintains $150 price target.

JMP Securities Reiterates Market Outperform on Hanover Insurance Gr, Maintains $150 Price Target

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Perform and raises the price target from $137 to $142.

Keefe, Bruyette & Woods Maintains Market Perform on Hanover Insurance Gr, Raises Price Target to $142

KBW analyst Meyer Shields maintained a Hold rating on Hanover Insurance (THG – Research Report) yesterday and set a price target of $144.00. The co...

Hanover Insurance (THG) Receives a Hold from KBW

Financial services are vital to economic health, ensuring liquidity and cash flow. With technological advancements and rising consumer demand, the sector is ripe for growth. Thus, investors could consider taking a look at financial stocks, like Hanover Insurance Group (THG), NI Holdings (NODK), and Hawthorn Bancshares (HWBK), for a mix of growth and stability in their portfolios. Read on… Traditionally, the financial services industry leaned heavily on high interest rates and inflation for growth. However, as technology advances and the economic landscape shifts, we're entering a new era. The sector is poised for significant growth in the upcoming years due to easier access to digital services, growing credit demand, and increased consumer spending.
Given this evolving landscape, one could consider investing in fundamentally sound financial stocks, such as The Hanover Insurance Group, Inc. (<a href="https://stocknews.com/stock/THG/">THG</a>), NI Holdings, Inc. (<a href="https://stocknews.com/stock/NODK/">NODK</a>), and Hawthorn Bancshares, Inc. (<a href="https://stocknews.com/stock/HWBK/">HWBK</a>), which can offer both growth and stability to your portfolios.
As the economy grows, so does the demand for financial services, driving profitability across the sector. Financial services are integral to the economy, facilitating transactions and economic growth. Over the next five years, the financial services industry is expected to <a href="https://www.mordorintelligence.com/industry-reports/global-financial-services-application-market-industry">expand at a CAGR of 13.1%</a>, reaching $271.75 billion by 2029.
Recent signals from the Federal Reserve about potential rate cuts suggest that banks could soon see improved net interest margins. This would enhance the spread between borrowing and lending rates, bolstering capital ratios and overall financial stability.
Additionally, the rapid adoption of technology has revolutionized the industry, streamlining transactions and lending processes for greater efficiency. This digital shift has propelled the digital lending platform market, which is anticipated to hit <a href="https://finance.yahoo.com/news/global-digital-lending-platform-market-090100301.html">$34.60 billion by 2028</a>, exhibiting an impressive CAGR of 21.9%.
As a result, companies in this sector are better equipped to manage risk when the economy is on an upswing, and the industry is robust. The long-term potential of this sector is strengthened by factors such as economic growth, fluctuation in interest rates, and advancements in financial technology.
Financial stocks offer investors a blend of growth and stability, balancing potential gains with risk management. With that in mind, let's examine the fundamental aspects of the featured stocks in detail:
The Hanover Insurance Group, Inc. (<a href="https://stocknews.com/stock/THG/">THG</a>)
With a market cap of $4.78 billion, THG provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial; Specialty; Personal Lines; and Other. 
On June 28, buoyed by its strong financial performance, THG paid its shareholders a quarterly dividend of $0.85 per share.
With a record of 16 years of consecutive dividend growth, the company pays an annual dividend of $3.40, which translates to a yield of 2.56% at the current share price. Its four-year average dividend yield is 2.56%. Moreover, its dividend payouts have increased at CAGRs of 6.9% and 7.5% over the past three and five years, respectively.
For the second quarter of 2024 (ended June 30), THG's total revenue increased 2.1% year-over-year to $1.54 billion, while its earnings from premium grew 4.4% from the year-ago value to $1.47 billion.
The company's operating income after taxes stood at $68.10 million compared to a loss of $68.30 million in the previous year. Further, its net income amounted to $40.50 million and $1.12 per share, compared to a loss of $69.20 million and $1.94 per share in 2023.
Analysts expect THG's revenue for the third quarter (ending September 2024) to grow 4.4% year-over-year to $1.67 billion, while its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the same period is expected to increase significantly from the prior year to $2.67.
THG's revenue has grown at CAGRs of 6.2% and 5.5% over the past three and five years, respectively. Likewise, the company's total assets have increased at a CAGR of 2.7% over the past three years and 4.1% over the past five years.
The stock has gained 21.1% over the past year to close the last trading session at $132.28. Its 24-month beta of 0.31 indicates lesser volatility than the broader market.
THG's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
THG has an A grade for Momentum and a B for Growth and Stability. It is ranked #9 out of 55 stocks in the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry. <a href="https://stocknews.com/stock/THG/">Click here</a> to see the additional ratings for THG (Value, Sentiment, and Quality).
NI Holdings, Inc. (<a href="https://stocknews.com/stock/NODK/">NODK</a>)
NODK, a subsidiary of Nodak Mutual Group, Inc., underwrites a range of property and casualty insurance products in the United States. Their offerings include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies.
On July 5, NODK sold its wholly-owned commercial insurance subsidiary, Westminster American Insurance Company, to a private buyer for $10.50 million cash, with final adjustments pending. This strategic divestiture allows the company to streamline operations and focus on its core business growth.
NODK's total revenues for the second quarter (ended on June 30, 2024) increased 8.3% year-over-year to $87.81 million, while the net investment income stood at $2.52 million, up 31.2% year-over-year.
The company's net premiums earned for the quarter amounted to $85.17 million, indicating an increase of 8% from the prior year. Moreover, its combined ratio stood at 113.7% compared to 107.1% in the same period last year.
Moreover, NODK's revenue has grown at CAGRs of 6.1% and 9.2% over the past three and five years, respectively. In addition, its total assets increased at 1.2% CAGR over the past five years.
Over the past nine months, the stock has gained 7.6%, closing the last trading session at $13.65. It has a two-year beta of 0.24.
It's no surprise that NODK has an overall rating of B, which translates to Buy in our POWR Ratings system. NODK has an A grade for Momentum and a B for Stability and Sentiment. Within the Insurance - Property &amp; Casualty industry, it is ranked #15 out of 55 stocks.
Beyond what is stated above, we've also rated NODK for Growth, Value, and Quality. Get all NODK ratings <a href="https://stocknews.com/stock/NODK/">here</a>.
Hawthorn Bancshares, Inc. (<a href="https://stocknews.com/stock/HWBK/">HWBK</a>)
HWBK operates as the bank holding company for Hawthorn Bank, offering a wide range of banking services in the United States. It provides various deposit accounts, including checking, savings, money market, IRAs, and certificates of deposit. The company also offers a variety of loans, such as commercial, industrial, real estate, and SBA loans, along with debit and credit card services.
On July 30, the company declared a quarterly dividend of $0.19 per common share, payable on October 1, 2024, to shareholders of record on September 15, 2024. HWBK pays an annual dividend of $0.76, which translates to a yield of 3.55% at the prevailing price levels. Its four-year average dividend yield is 2.75%. The company's dividend payments have grown at a CAGR of 14.1% over the past three years and a 15.2% CAGR over the past five years.
In the fiscal second quarter that ended on June 30, 2024, HWBK's total interest income increased 7.4% year-over-year to $23.56 million. The company reported a non-interest income of $3.99 million, indicating a 150.3% growth from the prior year's quarter.
In addition, its net income stood at $4.63 million, up 81.6% year-over-year, while its EPS grew 83.3% from the year-ago value to $0.66. HWBK's common equity Tier 1 capital ratio for the quarter increased to 10.02% from 9.92% in the previous year.
Over the past three and five years, HWBK's net interest income grew at CAGRs of 2.6% and 5.2%, respectively, while its tangible book value grew at 4.6% CAGR over the past five years.
HWBK has gained 20.9% over the past year to close the last trading session at $21.43. It has a 24-month beta of 0.54.
HWBK's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Growth, Value, Momentum, and Stability. Out of 42 stocks in the <a href="https://stocknews.com/category/midwest-regional-banks/">Midwest Regional Banks</a> industry, HWBK is ranked #2. <a href="https://stocknews.com/stock/HWBK/">Click here</a> to see HWBK's ratings for Sentiment and Quality.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
THG shares were trading at $132.57 per share on Tuesday morning, up $0.29 (+0.22%). Year-to-date, THG has gained 10.65%, versus a 14.03% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/thg-nodk-hwbk-3-financial-stocks-that-offer-growth-and-stability/>3 Financial Stocks That Offer Growth and Stability</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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