Hanover Insurance Group (THG) to Release Quarterly Earnings on Wednesday

Hanover Insurance Group (NYSE:THG) will announce its earnings results after the market closes on Wednesday, October 31st. Analysts expect the company to announce earnings of $2.04 per share for the quarter.

Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.11. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Hanover Insurance Group had a net margin of 4.29% and a return on equity of 9.11%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. On average, analysts expect Hanover Insurance Group to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of NYSE:THG opened at $110.27 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 23.26 and a beta of 0.92. Hanover Insurance Group has a 1 year low of $97.99 and a 1 year high of $131.44.



A number of brokerages have issued reports on THG. Sandler O’Neill lowered shares of Hanover Insurance Group from a “buy” rating to a “neutral” rating in a research note on Thursday, August 30th. Keefe, Bruyette & Woods set a $140.00 price target on shares of Hanover Insurance Group and gave the stock a “buy” rating in a research note on Thursday, August 2nd. ValuEngine upgraded shares of Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research lowered shares of Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th.

Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

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Earnings History for Hanover Insurance Group (NYSE:THG)

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