Langen Mcalenn Equities Analysts Lower Earnings Estimates for The Hanover Insurance Group, Inc. (THG)

The Hanover Insurance Group, Inc. (NYSE:THG) – Equities research analysts at Langen Mcalenn decreased their Q1 2018 earnings per share (EPS) estimates for The Hanover Insurance Group in a research report issued to clients and investors on Wednesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $1.59 per share for the quarter, down from their prior forecast of $1.72. Langen Mcalenn also issued estimates for The Hanover Insurance Group’s Q2 2018 earnings at $1.55 EPS, Q3 2018 earnings at $1.54 EPS and Q4 2018 earnings at $2.02 EPS.

Several other analysts have also recently issued reports on THG. Zacks Investment Research cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reissued a “sell” rating and set a $81.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, May 5th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The Hanover Insurance Group has an average rating of “Hold” and a consensus target price of $93.00.

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The Hanover Insurance Group (THG) opened at 97.65 on Friday. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 20.97 and a beta of 1.14. The Hanover Insurance Group has a 52-week low of $74.06 and a 52-week high of $98.03. The stock’s 50 day moving average price is $89.75 and its 200 day moving average price is $87.76.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the business posted $0.05 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the company. Timber Hill LLC acquired a new stake in shares of The Hanover Insurance Group during the first quarter worth $212,000. Trust Co. of Toledo NA OH boosted its stake in shares of The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock worth $222,000 after buying an additional 150 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock worth $231,000 after buying an additional 89 shares during the period. World Asset Management Inc boosted its stake in shares of The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock worth $236,000 after buying an additional 22 shares during the period. Finally, Alpine Woods Capital Investors LLC acquired a new stake in shares of The Hanover Insurance Group during the second quarter worth $266,000. 84.05% of the stock is owned by hedge funds and other institutional investors.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

Earnings History and Estimates for The Hanover Insurance Group (NYSE:THG)




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