Wall Street analysts forecast that The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) will announce sales of $1.34 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for The Hanover Insurance Group’s earnings. The Hanover Insurance Group posted sales of $1.25 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The business is scheduled to issue 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 sales of $5.46 billion for the current fiscal year, with estimates ranging from $5.46 billion to $5.47 billion. For the next year, analysts anticipate that the business will report sales of $5.76 billion, with estimates ranging from $5.72 billion to $5.80 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover The Hanover Insurance Group.
The Hanover Insurance Group (NYSE:THG – Get Rating) last posted its quarterly earnings data on Wednesday, February 2nd. The insurance provider reported $3.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.88. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. The Hanover Insurance Group had a net margin of 8.00% and a return on equity of 10.23%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.02 earnings per share.
THG stock opened at $150.62 on Monday. The firm has a 50 day moving average of $144.56 and a 200-day moving average of $136.06. 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 Hanover Insurance Group has a 12 month low of $121.69 and a 12 month high of $154.98. The firm has a market capitalization 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 also recently announced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Friday, March 11th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, March 10th. This represents a $3.00 annualized dividend and a yield of 1.99%. The Hanover Insurance Group’s payout ratio is presently 26.09%.
In other news, EVP Richard W. Lavey sold 9,253 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $141.07, for a total value of $1,305,320.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Joseph Welzenbach sold 15,063 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $139.10, for a total transaction of $2,095,263.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,299 shares of company stock valued at $4,868,323. 2.50% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of The Hanover Insurance Group in the 4th quarter worth approximately $26,000. Allegheny Financial Group LTD purchased a new position in The Hanover Insurance Group during the 4th quarter valued at $28,000. CWM LLC purchased a new position in The Hanover Insurance Group during the 4th quarter valued at $43,000. PrairieView Partners LLC increased its position in The Hanover Insurance Group by 3,720.0% during the 4th quarter. PrairieView Partners LLC now owns 382 shares of the insurance provider’s stock valued at $50,000 after purchasing an additional 372 shares during the period. Finally, Covestor Ltd purchased a new position in The Hanover Insurance Group during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 85.83% of the company’s stock.
About The Hanover Insurance Group (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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