Brokers Issue Forecasts for Hanover Insurance Group Inc’s Q1 2018 Earnings (THG)

Hanover Insurance Group Inc (NYSE:THG) – Langen Mcalenn issued their Q1 2018 earnings per share estimates for shares of Hanover Insurance Group in a report released on Wednesday. Langen Mcalenn analyst L. Greenberg forecasts that the insurance provider will earn $2.14 per share for the quarter. Langen Mcalenn also issued estimates for Hanover Insurance Group’s Q2 2018 earnings at $2.01 EPS, Q3 2018 earnings at $2.08 EPS, Q4 2018 earnings at $2.59 EPS, FY2018 earnings at $8.55 EPS, Q1 2019 earnings at $2.09 EPS, Q2 2019 earnings at $2.10 EPS, Q3 2019 earnings at $2.14 EPS, Q4 2019 earnings at $2.71 EPS and FY2019 earnings at $9.05 EPS.

Separately, Zacks Investment Research raised Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th.

Shares of Hanover Insurance Group (THG) opened at $114.99 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.48 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4,880.00, a PE ratio of 39.79 and a beta of 1.11. Hanover Insurance Group has a 12-month low of $79.23 and a 12-month high of $116.32.

Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.15. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. Hanover Insurance Group’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.46) earnings per share.

Institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new position in Hanover Insurance Group during the fourth quarter worth about $181,000. Meeder Asset Management Inc. bought a new position in Hanover Insurance Group during the third quarter worth about $180,000. Rothschild Investment Corp IL bought a new position in Hanover Insurance Group during the fourth quarter worth about $210,000. MAI Capital Management bought a new position in Hanover Insurance Group during the fourth quarter worth about $213,000. Finally, Charter Trust Co. bought a new position in Hanover Insurance Group during the fourth quarter worth about $216,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

In related news, insider Mark Joseph Welzenbach sold 4,723 shares of Hanover Insurance Group stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $106.09, for a total transaction of $501,063.07. Following the completion of the transaction, the insider now owns 29,244 shares in the company, valued at $3,102,495.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Lowell Keim sold 4,966 shares of Hanover Insurance Group stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $107.80, for a total value of $535,334.80. Following the transaction, the insider now owns 4,966 shares of the company’s stock, valued at approximately $535,334.80. The disclosure for this sale can be found here. Company insiders own 1.08% of the company’s stock.

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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).

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

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