The Hanover Insurance Group, Inc. (THG) to Post Q2 2018 Earnings of $1.59 Per Share, Langen Mcalenn Forecasts

The Hanover Insurance Group, Inc. (NYSE:THG) – Investment analysts at Langen Mcalenn increased their Q2 2018 earnings per share (EPS) estimates for The Hanover Insurance Group in a research report issued to clients and investors on Monday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $1.59 per share for the quarter, up from their prior 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 posted its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.55 by $0.14. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis.

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A number of other research firms also recently commented on THG. Keefe, Bruyette & Woods restated a “sell” rating and set a $81.00 price objective on shares of The Hanover Insurance Group in a report on Friday, May 5th. BidaskClub upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Zacks Investment Research upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $93.00.

The Hanover Insurance Group (NYSE:THG) traded down 0.10% during midday trading on Tuesday, hitting $98.42. The company had a trading volume of 88,309 shares. The stock’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 52-week low of $74.06 and a 52-week high of $98.75. The stock has a market cap of $4.18 billion, a PE ratio of 21.14 and a beta of 1.14.

In related news, insider J Kendall Huber sold 20,960 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $97.33, for a total value of $2,040,036.80. Following the completion of the sale, the insider now directly owns 34,079 shares in the company, valued at approximately $3,316,909.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John C. Roche sold 17,500 shares of the stock in a transaction on 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 sale, the insider now owns 42,524 shares of the company’s stock, valued at $4,082,304. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Hanover Insurance Group by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock worth $140,000 after buying an additional 120 shares during the last quarter. Timber Hill LLC purchased a new position in The Hanover Insurance Group during the first quarter worth $212,000. Trust Co. of Toledo NA OH boosted its position in The Hanover Insurance Group by 6.5% in the first quarter. Trust Co. of Toledo NA OH now owns 2,466 shares of the insurance provider’s stock worth $222,000 after buying an additional 150 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in The Hanover Insurance Group by 3.6% in the first quarter. Envestnet Asset Management Inc. now owns 2,557 shares of the insurance provider’s stock worth $231,000 after buying an additional 89 shares during the last quarter. Finally, World Asset Management Inc boosted its position in The Hanover Insurance Group by 0.8% in the first quarter. World Asset Management Inc now owns 2,616 shares of the insurance provider’s stock worth $236,000 after buying an additional 22 shares during the last quarter. 84.14% of the stock is owned by institutional investors.

The 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 The Hanover Insurance Group (NYSE:THG)

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