Hanover Insurance Group Inc (NYSE:THG) – Equities researchers at Langen Mcalenn lowered their Q1 2018 earnings estimates for shares of Hanover Insurance Group in a report issued on Wednesday, April 11th. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $1.70 per share for the quarter, down from their prior forecast of $1.87.
THG has been the topic of several other reports. ValuEngine upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating in a report on Monday, March 19th. Zacks Investment Research lowered shares of Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st.
Hanover Insurance Group (NYSE:THG) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.15. Hanover Insurance Group had a net margin of 3.59% and a return on equity of 6.88%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business posted ($0.46) EPS. Hanover Insurance Group’s revenue was up 8.4% on a year-over-year basis.
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Hanover Insurance Group in the 4th quarter worth approximately $108,000. Contravisory Investment Management Inc. acquired a new stake in Hanover Insurance Group during the 4th quarter worth approximately $181,000. Rothschild Investment Corp IL acquired a new stake in Hanover Insurance Group during the 4th quarter worth approximately $210,000. MAI Capital Management acquired a new stake in Hanover Insurance Group during the 4th quarter worth approximately $213,000. Finally, Charter Trust Co. acquired a new stake in Hanover Insurance Group during the 4th quarter worth approximately $216,000. Hedge funds and other institutional investors own 85.95% of the company’s stock.
In other news, SVP Warren E. Barnes sold 1,547 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $110.60, for a total value of $171,098.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Warren E. Barnes sold 1,513 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $108.46, for a total transaction of $164,099.98. Following the completion of the transaction, the senior vice president now owns 6,333 shares in the company, valued at $686,877.18. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 9th were issued a $0.54 dividend. The ex-dividend date was Thursday, March 8th. This represents a $2.16 annualized dividend and a dividend yield of 1.83%. Hanover Insurance Group’s dividend payout ratio is currently 45.57%.
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About Hanover Insurance Group
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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