Key Developments: Hanover Insurance Group Inc (THG.N)
49.59USD
4:05pm EDT
$-0.12 (-0.24%)
$49.71
$49.56
$49.74
$49.39
58,813
94,798
$52.31
$33.60
Latest Key Developments (Source: Significant Developments)
Hanover Insurance Group Inc Declares Quarterly Dividend
Hanover Insurance Group Inc announced that its board of directors have declared a quarterly dividend of $0.33 per share, payable June 28, 2013, to shareholders of record at the close of business on June 14, 2013. Full Article
Hanover Insurance Group Inc Prices a $175 Million Subordinated Debenture Offering
Hanover Insurance Group Inc announced that it has priced a registered offering of $175 million of subordinated debentures due March 30, 2053 with a coupon of 6.35%, and redeemable in whole or in part after March 30, 2018 at a redemption price equal to their principal amount. The debentures are also redeemable in whole, and not in part, before March 30, 2018 in case of specified changes in the tax or rating agency treatment of the debentures. The Hanover plans to use the net proceeds from this offering for general corporate and working capital purposes, which may include repurchases of its common stock. Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, and Wells Fargo Securities, LLC served as joint book-running managers for the transaction. The Hanover anticipates that the offering will close on or around March 27, 2013, subject to customary closing conditions. The Hanover intends to apply for listing of the subordinated debentures on the New York Stock Exchange. If the application is approved, The Hanover expects trading in the subordinated debentures to begin within 30 days of issuance. Full Article
The Hanover Insurance Group Inc Announces Quarterly Dividend Of $0.33 Per Common Share
The Hanover Insurance Group Inc announced that board of directors declared a quarterly dividend of $0.33 per share on the issued and outstanding common stock of the Company, payable March 29, 2013, to shareholders of record at the close of business on March 15, 2013. Full Article
The Hanover Insurance Group Inc Issues FY 2013 EPS Guidance In Line WIth Analysts' Estimates-Conference Call
The Hanover Insurance Group Inc announced that for fiscal 2013, it expects net after-tax earnings to be in the range of $3.60-$3.90. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.71 for fiscal 2013. Full Article
The Hanover Insurance Group Inc Broadens FY 2012 EPS Guidance-Conference Call
The Hanover Insurance Group Inc announced that for fiscal 2012, it expects net after-tax earnings impact of this storm to be in the range of $120 to $140 million, or $2.65 to $3.09 per share. Full Article
The Hanover Insurance Group Inc Increases Quarterly Dividend To $0.33 per Share
The Hanover Insurance Group Inc announced that board of directors declared a quarterly dividend of $0.33 per share on the issued and outstanding common stock of the Company, payable December 28, 2012, to shareholders of record at the close of business on December 17, 2012. Full Article
The Hanover Insurance Group Inc Reaffirms FY 2012 EPS Guidance-Conference Call
The Hanover Insurance Group Inc announced that before hurricane Sandy, the Company remained confident in its ability to achieve fiscal 2012 guidance of $2.70 to $2.90 per share (EPS) established last quarter. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $2.85 for fiscal 2012. Full Article
The Hanover Insurance Group Inc Announces Quarterly Dividend of $0.30 Per Common Share
The Hanover Insurance Group Inc announced that its board of directors declared a quarterly dividend of $0.30 per common share. The dividend will be payable on September 28, 2012, to shareholders of record at the close of business on September 14, 2012. Full Article
The Hanover Insurance Group, Inc. Lowers FY 2012 EPS Guidance-Conference Call
The Hanover Insurance Group, Inc. announced that based on the trends the Company just discussed and incorporating the first six months of operating results and currently expect segment earnings for fiscal 2012 to be in the range of $2.70 to $2.90 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $3.22 for fiscal 2012. Full Article
The Hanover Insurance Group, Inc. Announces Quarterly Dividend Of $0.30 Per Common Share
The Hanover Insurance Group, Inc. announced that its Board of Directors declared a quarterly dividend of $0.30 per common share. The dividend will be payable on June 29, 2012 to shareholders of record at the close of business on June 15, 2012. Full Article
Fitch Rates The Hanover Insurance Group's $175MM Subordinated Debentures 'BB'
(The following statement was released by the rating agency) CHICAGO, March 21 (Fitch) Fitch Ratings has assigned a 'BB' rating to The Hanover Insurance Group's (NYSE: THG) issuances of $175 million in subordinated debentures maturing March 30, 2053. KEY RATING DRIVERS THG will use the notes for general corporate and working capital purposes, which may include repurchases of its common stock. THG's pro forma financial leverage ratio (FLR) is 29.7%. This compares to a FLR of 26.8%, excluding
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
