Hanover Insurance Group Inc (NYSE:THG) – Research analysts at Langen Mcalenn upped their FY2018 earnings per share (EPS) estimates for shares of Hanover Insurance Group in a report released on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will post earnings of $8.45 per share for the year, up from their previous estimate of $7.15.
Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Wednesday, November 1st. The insurance provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.74. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.83 EPS.
Hanover Insurance Group (NYSE:THG) traded down $1.62 during mid-day trading on Friday, hitting $111.27. The stock had a trading volume of 105,100 shares, compared to its average volume of 146,600. The firm has a market cap of $4,770.00, a P/E ratio of 38.50 and a beta of 1.14. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. Hanover Insurance Group has a 1-year low of $79.23 and a 1-year high of $113.34.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.54 dividend. This is an increase from Hanover Insurance Group’s previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, December 14th. Hanover Insurance Group’s dividend payout ratio is currently 74.74%.
In related news, insider Mark Lowell Keim sold 4,966 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total value of $535,334.80. Following the completion of the sale, the insider now directly owns 4,966 shares in the company, valued at approximately $535,334.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mark Joseph Welzenbach sold 4,723 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $106.09, for a total value of $501,063.07. Following the completion of the sale, the insider now owns 29,244 shares of the company’s stock, valued at $3,102,495.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,689 shares of company stock valued at $1,555,848. 1.08% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hanover Insurance Group by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock valued at $140,000 after buying an additional 120 shares during the last quarter. Zacks Investment Management boosted its position in Hanover Insurance Group by 1.3% in the 2nd quarter. Zacks Investment Management now owns 11,089 shares of the insurance provider’s stock valued at $983,000 after buying an additional 145 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Hanover Insurance Group by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 12,770 shares of the insurance provider’s stock valued at $1,132,000 after buying an additional 229 shares during the last quarter. ETRADE Capital Management LLC boosted its position in Hanover Insurance Group by 4.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 7,575 shares of the insurance provider’s stock valued at $671,000 after buying an additional 309 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Hanover Insurance Group by 4.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,181 shares of the insurance provider’s stock valued at $636,000 after buying an additional 319 shares during the last quarter. 83.72% of the stock is owned by institutional investors.
Hanover Insurance Group Company Profile
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).
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