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

The Hanover Insurance Group, Inc. (NYSE:THG) – Investment analysts at Langen Mcalenn decreased their Q3 2017 EPS estimates for The Hanover Insurance Group in a research note issued to investors on Wednesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn ($1.58) per share for the quarter, down from their prior estimate of ($0.90). Langen Mcalenn also issued estimates for The Hanover Insurance Group’s FY2017 earnings at $3.07 EPS and FY2018 earnings at $7.00 EPS.

Several other brokerages have also recently commented on THG. BidaskClub raised The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research cut The Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $91.00 target price on shares of The Hanover Insurance Group in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $97.33.

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The Hanover Insurance Group (NYSE THG) opened at 96.93 on Friday. The Hanover Insurance Group has a 1-year low of $74.24 and a 1-year high of $100.33. The company has a 50-day moving average price of $96.95 and a 200 day moving average price of $90.09. The stock has a market capitalization of $4.11 billion, a P/E ratio of 20.97 and a beta of 1.14.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, beating 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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business posted $0.05 EPS. The Hanover Insurance Group’s quarterly revenue was up 3.6% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.06%. The Hanover Insurance Group’s dividend payout ratio is currently 43.29%.

In other The Hanover Insurance Group news, insider J Kendall Huber sold 20,960 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $97.33, for a total value of $2,040,036.80. Following the transaction, the insider now owns 34,079 shares of the company’s stock, valued at $3,316,909.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christine Bilotti-Peterson sold 2,570 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $98.58, for a total value of $253,350.60. Following the completion of the transaction, the insider now directly owns 1,760 shares in the company, valued at approximately $173,500.80. The disclosure for this sale can be found here. Insiders sold 50,630 shares of company stock worth $4,913,611 in the last ninety days. 1.08% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. OppenheimerFunds Inc. increased its holdings in shares of The Hanover Insurance Group by 16.7% in the first quarter. OppenheimerFunds Inc. now owns 19,473 shares of the insurance provider’s stock valued at $1,754,000 after buying an additional 2,786 shares in the last quarter. Janus Capital Management LLC raised its stake in The Hanover Insurance Group by 10.3% during the 1st quarter. Janus Capital Management LLC now owns 8,600 shares of the insurance provider’s stock valued at $775,000 after purchasing an additional 800 shares during the period. Marshall Wace North America L.P. raised its stake in The Hanover Insurance Group by 240.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 44,108 shares of the insurance provider’s stock valued at $3,925,000 after purchasing an additional 31,161 shares during the period. Liberty Mutual Group Asset Management Inc. raised its stake in The Hanover Insurance Group by 4.0% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 19,105 shares of the insurance provider’s stock valued at $1,720,000 after purchasing an additional 736 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in The Hanover Insurance Group by 11.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 182,978 shares of the insurance provider’s stock valued at $16,479,000 after purchasing an additional 18,269 shares during the period. 84.16% of the stock is currently owned by 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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