Q1 2017 EPS Estimates for Hanover Insurance Group Inc (THG) Lowered by Langen Mcalenn

Hanover Insurance Group Inc (NYSE:THG) – Equities research analysts at Langen Mcalenn decreased their Q1 2017 earnings per share estimates for shares of Hanover Insurance Group in a note issued to investors on Monday, Zacks Investment Research reports. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $1.73 per share for the quarter, down from their prior estimate of $1.81.

A number of other equities research analysts have also commented on THG. Zacks Investment Research raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Wednesday, February 8th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and issued a $81.00 price objective on shares of Hanover Insurance Group in a research note on Friday, May 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Hanover Insurance Group has a consensus rating of “Buy” and a consensus price target of $91.20.

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

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Hanover Insurance Group (NYSE:THG) traded down 0.15% during midday trading on Wednesday, reaching $82.37. 201,276 shares of the company’s stock traded hands. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 29.05 and a beta of 1.10. Hanover Insurance Group has a 1-year low of $74.06 and a 1-year high of $92.78. The stock’s 50 day moving average price is $86.62 and its 200 day moving average price is $87.28.

Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by $0.78. Hanover Insurance Group had a net margin of 3.14% and a return on equity of 6.21%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the business posted $1.64 earnings per share. Hanover Insurance Group’s revenue was up 3.7% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.42%. Hanover Insurance Group’s payout ratio is presently 55.71%.

In related news, insider Richard W. Lavey sold 26,250 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $90.07, for a total transaction of $2,364,337.50. Following the transaction, the insider now owns 12,285 shares in the company, valued at approximately $1,106,509.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Warren E. Barnes sold 3,226 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $90.33, for a total transaction of $291,404.58. Following the transaction, the vice president now owns 5,646 shares in the company, valued at approximately $510,003.18. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THG. Credit Agricole S A acquired a new position in Hanover Insurance Group during the fourth quarter valued at $102,000. Pacad Investment Ltd. acquired a new position in Hanover Insurance Group during the fourth quarter valued at $137,000. Timber Hill LLC acquired a new position in Hanover Insurance Group during the first quarter valued at $212,000. Trust Co. of Toledo NA OH increased its position in 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 valued at $222,000 after buying an additional 150 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in 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 valued at $231,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 81.51% of the company’s stock.

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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