Analysts Expect The Hanover Insurance Group, Inc. (NYSE:THG) Will Announce Earnings of $2.03 Per Share

Equities research analysts expect The Hanover Insurance Group, Inc. (NYSE:THG) to report $2.03 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for The Hanover Insurance Group’s earnings. The lowest EPS estimate is $1.86 and the highest is $2.20. The Hanover Insurance Group posted earnings per share of $1.63 during the same quarter last year, which would suggest a positive year over year growth rate of 24.5%. The company is expected to issue its next earnings results on Tuesday, July 27th.

According to Zacks, analysts expect that The Hanover Insurance Group will report full-year earnings of $8.04 per share for the current year, with EPS estimates ranging from $6.88 to $9.20. For the next year, analysts forecast that the company will report earnings of $10.00 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover The Hanover Insurance Group.

The Hanover Insurance Group (NYSE:THG) last released its quarterly earnings data on Thursday, April 29th. The insurance provider reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.91. The Hanover Insurance Group had a return on equity of 10.90% and a net margin of 6.35%.

A number of analysts have issued reports on THG shares. Zacks Investment Research lowered The Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 15th. Keefe, Bruyette & Woods lowered The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and set a $130.00 price target on the stock. in a research note on Thursday, February 18th. Boenning Scattergood assumed coverage on The Hanover Insurance Group in a research note on Monday, March 29th. They issued an “outperform” rating and a $145.00 price target on the stock. Finally, JMP Securities boosted their price target on The Hanover Insurance Group from $140.00 to $145.00 and gave the stock a “market outperform” rating in a research report on Thursday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $127.67.

A number of institutional investors have recently modified their holdings of THG. Arkadios Wealth Advisors acquired a new stake in The Hanover Insurance Group during the 1st quarter worth $25,000. CWM LLC increased its position in shares of The Hanover Insurance Group by 112.8% in the fourth quarter. CWM LLC now owns 332 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 176 shares during the last quarter. NEXT Financial Group Inc grew its holdings in The Hanover Insurance Group by 108.6% during the first quarter. NEXT Financial Group Inc now owns 315 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 164 shares during the period. Meeder Asset Management Inc. grew its holdings in The Hanover Insurance Group by 43.4% during the first quarter. Meeder Asset Management Inc. now owns 314 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 95 shares during the period. Finally, Perigon Wealth Management LLC bought a new position in The Hanover Insurance Group during the fourth quarter worth about $45,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Shares of THG traded up $0.67 during trading hours on Tuesday, reaching $140.53. 242,659 shares of the company traded hands, compared to its average volume of 222,277. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $5.11 billion, a PE ratio of 17.88 and a beta of 0.92. The Hanover Insurance Group has a fifty-two week low of $80.79 and a fifty-two week high of $142.28. The stock has a fifty day simple moving average of $132.96 and a 200 day simple moving average of $118.58.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $2.80 dividend on an annualized basis and a yield of 1.99%. The Hanover Insurance Group’s payout ratio is 34.31%.

The 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. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages.

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

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