The Hanover Insurance Group, Inc. (NYSE:THG) posted its quarterly earnings data on Wednesday. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.63) by $0.74, Briefing.com reports. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.83 earnings per share.

A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $91.00 target price on shares of The Hanover Insurance Group in a report on Friday, October 6th. Finally, BidaskClub upgraded shares of The Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th.

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In related news, insider Mark Joseph Welzenbach sold 9,600 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $97.94, for a total transaction of $940,224.00. Following the completion of the sale, the insider now directly owns 34,121 shares of the company’s stock, valued at $3,341,810.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider J Kendall Huber sold 20,960 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $97.33, for a total transaction of $2,040,036.80. Following the sale, the insider now directly owns 34,079 shares of the company’s stock, valued at $3,316,909.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,630 shares of company stock valued at $4,913,611. 1.08% of the stock is currently owned by insiders.

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 for The Hanover Insurance Group (NYSE:THG)

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