Langen Mcalenn Weighs in on Hanover Insurance Group Inc’s Q1 2018 Earnings (THG)
Hanover Insurance Group Inc (NYSE:THG) – Equities researchers at Langen Mcalenn issued their Q1 2018 earnings estimates for shares of Hanover Insurance Group in a note issued to investors on Wednesday. Langen Mcalenn analyst L. Greenberg expects that the insurance provider will post earnings per share of $2.14 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.
Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.15. Hanover Insurance Group had a return on equity of 6.88% and a net margin of 3.59%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned ($0.46) EPS. Hanover Insurance Group’s quarterly revenue was up 8.4% compared to the same quarter last year.
Hanover Insurance Group (NYSE THG) opened at $111.92 on Monday. Hanover Insurance Group has a twelve month low of $79.23 and a twelve month high of $116.32. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.48 and a quick ratio of 0.45. The stock has a market capitalization of $4,887.08, a price-to-earnings ratio of 25.79 and a beta of 1.11.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Hanover Insurance Group by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,890,210 shares of the insurance provider’s stock valued at $344,789,000 after buying an additional 20,036 shares during the last quarter. Victory Capital Management Inc. raised its position in Hanover Insurance Group by 53.1% in the 4th quarter. Victory Capital Management Inc. now owns 893,113 shares of the insurance provider’s stock valued at $96,528,000 after buying an additional 309,788 shares during the last quarter. Janus Henderson Group PLC raised its position in Hanover Insurance Group by 9.0% in the 3rd quarter. Janus Henderson Group PLC now owns 773,695 shares of the insurance provider’s stock valued at $74,994,000 after buying an additional 63,578 shares during the last quarter. Macquarie Group Ltd. raised its position in Hanover Insurance Group by 4.1% in the 3rd quarter. Macquarie Group Ltd. now owns 760,095 shares of the insurance provider’s stock valued at $73,676,000 after buying an additional 30,153 shares during the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in Hanover Insurance Group in the 3rd quarter valued at $72,351,000. 83.84% of the stock is owned by institutional investors and hedge funds.
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 of the company’s stock, valued at approximately $535,334.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.08% 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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