The Hanover Insurance Group (THG) Set to Announce Quarterly Earnings on Tuesday

The Hanover Insurance Group (NYSE:THGGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, August 2nd. Analysts expect the company to announce earnings of $2.11 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

The Hanover Insurance Group (NYSE:THGGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The insurance provider reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.26. The Hanover Insurance Group had a net margin of 8.16% and a return on equity of 12.25%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm earned $1.66 EPS. The business’s revenue was up 9.7% 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 $12 EPS for the next fiscal year.

The Hanover Insurance Group Stock Performance

Shares of THG stock opened at $140.51 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.28. The Hanover Insurance Group has a 52 week low of $121.69 and a 52 week high of $155.55. The stock has a market capitalization of $5.00 billion, a PE ratio of 11.82, a P/E/G ratio of 0.78 and a beta of 0.79. The firm has a 50 day moving average of $143.48 and a two-hundred day moving average of $143.52.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, June 9th. This represents a $3.00 annualized dividend and a dividend yield of 2.14%. The Hanover Insurance Group’s dividend payout ratio (DPR) is currently 25.23%.

Institutional Investors Weigh In On The Hanover Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd boosted its stake in shares of The Hanover Insurance Group by 35.4% in the 1st quarter. Covestor Ltd now owns 520 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 136 shares in the last quarter. Quantbot Technologies LP grew its position in shares of The Hanover Insurance Group by 45.7% in the 1st quarter. Quantbot Technologies LP now owns 542 shares of the insurance provider’s stock valued at $81,000 after purchasing an additional 170 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in The Hanover Insurance Group during the 1st quarter worth approximately $209,000. Baird Financial Group Inc. boosted its position in The Hanover Insurance Group by 7.9% during the 1st quarter. Baird Financial Group Inc. now owns 1,716 shares of the insurance provider’s stock worth $256,000 after acquiring an additional 126 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in shares of The Hanover Insurance Group during the 1st quarter worth approximately $279,000. Institutional investors and hedge funds own 84.72% of the company’s stock.

Analysts Set New Price Targets

THG has been the topic of a number of recent research reports. StockNews.com lowered shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Morgan Stanley initiated coverage on shares of The Hanover Insurance Group in a research note on Wednesday, June 29th. They issued an “equal weight” rating and a $155.00 target price for the company.

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 for The Hanover Insurance Group (NYSE:THG)

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