The Hanover Insurance Group (THG) Announces Quarterly Earnings Results, Beats Estimates By $0.22 EPS
The Hanover Insurance Group (NYSE:THG) released its earnings data on Thursday. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.22, Analyst Ratings Network reports. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted ($1.65) earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis.
On a related note, analysts at Zacks downgraded shares of The Hanover Insurance Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $64.70 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The Hanover Insurance Group has an average rating of “Buy” and a consensus target price of $61.54.
The Hanover Insurance Group (NYSE:THG) opened at 53.37 on Thursday. The Hanover Insurance Group has a 52-week low of $41.36 and a 52-week high of $61.72. The stock’s 50-day moving average is $58.25 and its 200-day moving average is $56.9. The company has a market cap of $2.341 billion and a P/E ratio of 18.98.
The Hanover Insurance Group, Inc (NYSE:THG) is a holding company.
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