The Hanover Insurance Group, Inc. (NYSE:THG) – Stock analysts at Langen Mcalenn lifted their Q2 2018 earnings per share estimates for shares of The Hanover Insurance Group in a research report issued to clients and investors on Monday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will post earnings of $1.59 per share for the quarter, up from their previous estimate of $1.55. Langen Mcalenn also issued estimates for The Hanover Insurance Group’s Q3 2018 earnings at $1.65 EPS, Q4 2018 earnings at $2.26 EPS and FY2018 earnings at $7.20 EPS.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the business earned $0.05 earnings per share. The Hanover Insurance Group’s revenue was up 3.6% compared to the same quarter last year.

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Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $81.00 target price on shares of The Hanover Insurance Group in a research note on Friday, May 5th. Finally, BidaskClub raised shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The Hanover Insurance Group presently has a consensus rating of “Hold” and an average price target of $93.00.

The Hanover Insurance Group (THG) traded up 0.81% during midday trading on Tuesday, reaching $98.22. 52,972 shares of the company traded hands. The company’s 50-day moving average price is $89.75 and its 200 day moving average price is $87.76. The Hanover Insurance Group has a 12 month low of $74.06 and a 12 month high of $98.49. The firm has a market capitalization of $4.17 billion, a PE ratio of 21.10 and a beta of 1.14.

In related news, insider John C. Roche sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $96.00, for a total value of $1,680,000.00. Following the completion of the transaction, the insider now owns 42,524 shares of the company’s stock, valued at approximately $4,082,304. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.08% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of THG. BlackRock Inc. increased its position in The Hanover Insurance Group by 8,831.8% in the first quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock worth $315,226,000 after buying an additional 3,460,996 shares in the last quarter. Citadel Advisors LLC increased its position in The Hanover Insurance Group by 2,022.2% in the first quarter. Citadel Advisors LLC now owns 534,945 shares of the insurance provider’s stock worth $48,177,000 after buying an additional 509,738 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in The Hanover Insurance Group by 2,199.6% in the second quarter. BNP Paribas Arbitrage SA now owns 375,034 shares of the insurance provider’s stock worth $33,239,000 after buying an additional 358,725 shares in the last quarter. Macquarie Group Ltd. increased its position in The Hanover Insurance Group by 1,710.4% in the first quarter. Macquarie Group Ltd. now owns 369,319 shares of the insurance provider’s stock worth $33,261,000 after buying an additional 348,919 shares in the last quarter. Finally, Boston Partners increased its position in The Hanover Insurance Group by 73.4% in the first quarter. Boston Partners now owns 594,267 shares of the insurance provider’s stock worth $53,520,000 after buying an additional 251,620 shares in the last quarter. 84.14% of the stock is owned by institutional investors.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

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

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