The Hanover Insurance Group (NYSE:THG – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $2.76 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
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 Hanover Insurance Group had a net margin of 8.00% and a return on equity of 10.23%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the firm posted $3.02 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year. On average, analysts expect The Hanover Insurance Group to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.
NYSE THG opened at $152.96 on Tuesday. The Hanover Insurance Group has a 52-week low of $121.69 and a 52-week high of $155.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $5.44 billion, a P/E ratio of 13.30, a P/E/G ratio of 1.01 and a beta of 0.87. The company has a fifty day moving average of $145.92 and a 200-day moving average of $136.85.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a research note on Tuesday, April 12th. StockNews.com began coverage on shares of The Hanover Insurance Group in a research note on Thursday, March 31st. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, The Hanover Insurance Group currently has an average rating of “Buy” and an average price target of $160.33.
In other news, CEO John C. Roche sold 922 shares of the company’s stock in a transaction that occurred on Thursday, April 21st. The shares were sold at an average price of $155.24, for a total value of $143,131.28. Following the transaction, the chief executive officer now owns 74,843 shares in the company, valued at $11,618,627.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard W. Lavey sold 9,253 shares of the stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $141.07, for a total transaction of $1,305,320.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,221 shares of company stock worth $5,011,454. Corporate insiders own 2.50% of the company’s stock.
A number of institutional investors have recently modified their holdings of THG. Morgan Stanley increased its holdings in The Hanover Insurance Group by 49.3% during the second quarter. Morgan Stanley now owns 71,734 shares of the insurance provider’s stock valued at $9,729,000 after buying an additional 23,675 shares during the last quarter. Sei Investments Co. increased its stake in shares of The Hanover Insurance Group by 66.4% in the fourth quarter. Sei Investments Co. now owns 53,719 shares of the insurance provider’s stock worth $7,081,000 after purchasing an additional 21,444 shares in the last quarter. Citadel Advisors LLC grew its stake in The Hanover Insurance Group by 166.1% during the fourth quarter. Citadel Advisors LLC now owns 31,148 shares of the insurance provider’s stock valued at $4,082,000 after acquiring an additional 19,442 shares in the last quarter. Millennium Management LLC grew its stake in The Hanover Insurance Group by 64.4% during the fourth quarter. Millennium Management LLC now owns 17,927 shares of the insurance provider’s stock valued at $2,350,000 after acquiring an additional 7,024 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in The Hanover Insurance Group by 1.5% during the fourth quarter. Parametric Portfolio Associates LLC now owns 275,164 shares of the insurance provider’s stock valued at $36,063,000 after acquiring an additional 3,954 shares in the last quarter. Institutional investors own 85.83% of the company’s stock.
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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