The Hanover Insurance Group, Inc. (NYSE:THG) – Equities researchers at Langen Mcalenn decreased their Q4 2017 earnings per share (EPS) estimates for shares of The Hanover Insurance Group in a report released on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $1.90 per share for the quarter, down from their prior estimate of $2.01. Langen Mcalenn also issued estimates for The Hanover Insurance Group’s Q4 2018 earnings at $2.11 EPS.

THG has been the topic of several other reports. Zacks Investment Research cut The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $91.00 price objective on shares of The Hanover Insurance Group in a research note on Friday, October 6th. Finally, BidaskClub raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th.

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Shares of The Hanover Insurance Group (THG) opened at $106.05 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.26. The Hanover Insurance Group has a twelve month low of $79.23 and a twelve month high of $107.16. The firm has a market capitalization of $4,511.69, a price-to-earnings ratio of 46.38 and a beta of 1.11.

The Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, November 1st. The insurance provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.74. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. The Hanover Insurance Group had a return on equity of 3.35% and a net margin of 2.37%. The Hanover Insurance Group’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 earnings per share.

Several institutional investors and hedge funds have recently added to or reduced their stakes in THG. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of The Hanover Insurance Group by 8.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,576 shares of the insurance provider’s stock valued at $140,000 after buying an additional 120 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $180,000. Trust Co. of Toledo NA OH grew its stake in shares of The Hanover Insurance Group by 5.5% during the second quarter. Trust Co. of Toledo NA OH now owns 2,601 shares of the insurance provider’s stock valued at $231,000 after buying an additional 135 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of The Hanover Insurance Group during the third quarter valued at approximately $235,000. Finally, Raymond James Trust N.A. bought a new position in shares of The Hanover Insurance Group during the second quarter valued at approximately $236,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Christine Bilotti-Peterson sold 2,570 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the transaction, the insider now owns 1,760 shares of the company’s stock, valued at $173,500.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Mark Joseph Welzenbach sold 4,723 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $106.09, for a total value of $501,063.07. Following the transaction, the insider now directly owns 29,244 shares in the company, valued at approximately $3,102,495.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,293 shares of company stock worth $1,273,864. Insiders own 1.08% of the company’s stock.

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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