Wall Street analysts predict that The Hanover Insurance Group, Inc. (NYSE:THG – Get Rating) will report $1.36 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for The Hanover Insurance Group’s earnings. The Hanover Insurance Group posted sales of $1.26 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that The Hanover Insurance Group will report full-year sales of $5.46 billion for the current fiscal year, with estimates ranging from $5.45 billion to $5.47 billion. For the next fiscal year, analysts expect that the firm will report sales of $5.70 billion, with estimates ranging from $5.60 billion to $5.80 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow The Hanover Insurance Group.
The Hanover Insurance Group (NYSE:THG – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The insurance provider reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.20. The Hanover Insurance Group had a net margin of 8.16% and a return on equity of 12.25%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the previous year, the company earned $1.66 EPS. The firm’s revenue was up 9.7% on a year-over-year basis.
A number of equity research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of The Hanover Insurance Group in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Zacks Investment Research cut shares of The Hanover Insurance Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $160.33.
Shares of The Hanover Insurance Group stock opened at $149.69 on Monday. The Hanover Insurance Group has a 52-week low of $121.69 and a 52-week high of $155.55. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 0.88 and a beta of 0.83. The company has a fifty-day moving average of $147.76 and a 200-day moving average of $137.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.40 and a current ratio of 0.40.
The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, March 11th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, March 10th. This represents a $3.00 dividend on an annualized basis and a yield of 2.00%. The Hanover Insurance Group’s dividend payout ratio is currently 25.23%.
In related news, EVP Richard W. Lavey sold 9,253 shares of the company’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $141.07, for a total transaction of $1,305,320.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Roche sold 922 shares of the company’s stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $155.24, for a total transaction of $143,131.28. Following the completion of the transaction, the chief executive officer now owns 74,843 shares of the company’s stock, valued at $11,618,627.32. The disclosure for this sale can be found here. Insiders have sold a total of 20,158 shares of company stock valued at $2,916,191 over the last quarter. 2.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC raised its holdings in The Hanover Insurance Group by 10.5% in the 1st quarter. Los Angeles Capital Management LLC now owns 3,819 shares of the insurance provider’s stock worth $571,000 after purchasing an additional 364 shares in the last quarter. Monarch Partners Asset Management LLC raised its holdings in The Hanover Insurance Group by 14.1% in the 1st quarter. Monarch Partners Asset Management LLC now owns 44,046 shares of the insurance provider’s stock worth $6,586,000 after purchasing an additional 5,437 shares in the last quarter. New York State Common Retirement Fund raised its holdings in The Hanover Insurance Group by 4.3% in the 1st quarter. New York State Common Retirement Fund now owns 58,835 shares of the insurance provider’s stock worth $8,797,000 after purchasing an additional 2,437 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of The Hanover Insurance Group by 12.8% in the 1st quarter. Russell Investments Group Ltd. now owns 114,414 shares of the insurance provider’s stock worth $17,105,000 after acquiring an additional 13,018 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its stake in shares of The Hanover Insurance Group by 4.7% in the 1st quarter. SummerHaven Investment Management LLC now owns 6,387 shares of the insurance provider’s stock worth $955,000 after acquiring an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.72% of the company’s stock.
The Hanover Insurance Group Company Profile (GetRating)
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers’ compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.
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