Hanover Insurance (THG) increases its dividend to share more profits
The board of directors of Hanover Insurance Group, Inc. THG approved a 7% hike in its quarterly report dividend in its ongoing efforts to increase shareholder value. With this, the payout now stands at 75 cents per share compared to the previous payout of 70 cents per share.
Based on the closing share price of $ 129.08 on December 6, the new dividend will return 2.3%, better than the industry average of 0.4%. With 35.7 million shares outstanding, this Zacks Rank # 3 (Hold) company must pay approximately $ 28 million per quarter to pay the dividend. Shareholders of record on December 16, 2021 will receive the largest dividend on December 30.
The Hanover Insurance has increased its dividends each year, reflecting operational excellence and a commitment to delivering value to its shareholders. THG’s dividend recorded an 11-year CAGR of 10.5%.
Careful management of the business mix, a focus on growing the most profitable product lines, stable retention, better pricing and a strong market presence should support The Hanover Insurance has maintained the streak of increasing dividends every year .
The Hanover Insurance Group prudently deploys capital in profitable business initiatives and returns excess capital to shareholders. In addition to dividend increases, THG also carries out share buybacks. He had $ 381 million under his authorization as of September 30, 2021.
The shares of The Hanover Insurance Group gained 12.4% year-on-year versus the industry8.5% increase. Operational excellence and capital strength should help stocks maintain momentum.
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Given the solid capital level of the insurance sector and an improving operating environment supporting strong operational performance, insurers like AXIS Capital Holdings Limited AXS, Primerica, Inc. PRI and Lincoln National Society LNC used efficient capital deployment to increase shareholder value.
AXIS Capital’s Board of Directors approved a 2.4% increase in its dividend in its ongoing efforts to increase shareholder value through a strong balance sheet.
AXIS Capital should be able to continuously improve shareholder value, relying on specialist insurance, reinsurance plus accident and health, exiting underperforming lines, investing in more attractive markets and by entering new markets, thereby improving the composition of the portfolio and the profitability of underwriting.
Primerica’s board of directors has authorized a $ 275 million share buyback program until next year. Operational excellence supported by a strong market presence, growing business and a strong business model should continue to help Primerica generate enough capital to continually return to shareholders.
Primerica’s Total Shareholder Return has consistently outperformed the S&P 500 Index over the past five years. He also raised dividends 10 times in the past nine years.
Lincoln National’s board of directors has approved a $ 1.5 billion share buyback program. A strong financial position driven by a strong balance sheet and strong cash-generating capabilities over the years has enabled Lincoln National to embark on measures of accelerated and prudent capital deployment.
Shares of Axis Capital, Primerica and Lincoln National have gained 0.2%, 7% and 25% in one year.
5 actions in the process of doubling
Each has been handpicked by a Zacks expert as the # 1 favorite stock to earn + 100% or more in 2021. Previous recommendations have climbed + 143.0%, + 175.9%, +498 , 3% and + 673.0%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.