Zacks: Brokerages Anticipate The Hanover Insurance Group, Inc. (NYSE:THG) Will Post Earnings of $2.85 Per Share

Analysts forecast that The Hanover Insurance Group, Inc. (NYSE:THGGet Rating) will post earnings of $2.85 per share for the current quarter, Zacks reports. Two analysts have made estimates for The Hanover Insurance Group’s earnings. The highest EPS estimate is $2.93 and the lowest is $2.78. The Hanover Insurance Group reported earnings per share of $1.66 during the same quarter last year, which suggests a positive year over year growth rate of 71.7%. The business is scheduled to report its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that The Hanover Insurance Group will report full year earnings of $10.65 per share for the current year, with EPS estimates ranging from $10.50 to $10.80. For the next fiscal year, analysts anticipate that the business will report earnings of $11.45 per share, with EPS estimates ranging from $11.25 to $11.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover The Hanover Insurance Group.

The Hanover Insurance Group (NYSE:THGGet Rating) last released its quarterly earnings data on Wednesday, February 2nd. The insurance provider reported $3.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.88. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.20 billion. The Hanover Insurance Group had a return on equity of 10.23% and a net margin of 8.00%. The Hanover Insurance Group’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.02 earnings per share.

A number of analysts have issued reports on the company. StockNews.com initiated coverage on The Hanover Insurance Group in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research raised The Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $171.00 price objective on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $156.50.

In related news, CEO John C. Roche sold 2,725 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $150.47, for a total transaction of $410,030.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Richard W. Lavey sold 9,253 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $141.07, for a total value of $1,305,320.71. The disclosure for this sale can be found here. Insiders sold a total of 34,299 shares of company stock worth $4,868,323 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in The Hanover Insurance Group by 122.9% during the 1st quarter. State of Alaska Department of Revenue now owns 57,130 shares of the insurance provider’s stock worth $8,541,000 after purchasing an additional 31,496 shares during the last quarter. Fenimore Asset Management Inc. increased its holdings in The Hanover Insurance Group by 1.2% during the 1st quarter. Fenimore Asset Management Inc. now owns 239,746 shares of the insurance provider’s stock worth $35,847,000 after purchasing an additional 2,790 shares during the last quarter. Nordea Investment Management AB increased its holdings in The Hanover Insurance Group by 1.7% during the 1st quarter. Nordea Investment Management AB now owns 52,410 shares of the insurance provider’s stock worth $7,998,000 after purchasing an additional 860 shares during the last quarter. Diversified Trust Co purchased a new stake in The Hanover Insurance Group during the 1st quarter worth approximately $469,000. Finally, Norges Bank purchased a new stake in The Hanover Insurance Group during the 4th quarter worth approximately $47,980,000. Institutional investors and hedge funds own 85.83% of the company’s stock.

Shares of THG stock traded down $1.05 during mid-day trading on Friday, reaching $150.62. The stock had a trading volume of 159,264 shares, compared to its average volume of 165,833. The company has a market cap of $5.36 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 1.00 and a beta of 0.87. The business has a 50-day simple moving average of $144.56 and a 200 day simple moving average of $135.99. The Hanover Insurance Group has a 12-month low of $121.69 and a 12-month high of $154.98. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.25.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 25th. Stockholders of record on Friday, March 11th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Thursday, March 10th. The Hanover Insurance Group’s dividend payout ratio is currently 26.09%.

The Hanover Insurance Group Company Profile (Get Rating)

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.

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

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