Hanover Insurance Group (THG) Announces Quarterly Earnings Results

Hanover Insurance Group (NYSE:THG) issued its quarterly earnings data on Wednesday. The insurance provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.85 by $0.15, Bloomberg Earnings reports. Hanover Insurance Group had a return on equity of 6.90% and a net margin of 3.59%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned ($0.46) earnings per share. Hanover Insurance Group’s quarterly revenue was up 8.4% compared to the same quarter last year.

Shares of Hanover Insurance Group (THG) opened at $114.98 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.45 and a quick ratio of 0.45. Hanover Insurance Group has a 1-year low of $79.23 and a 1-year high of $116.21. The company has a market capitalization of $4,806.05 and a P/E ratio of 23.82.

In other news, insider Mark Lowell Keim sold 4,966 shares of Hanover Insurance Group stock in a transaction that occurred 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 sale, the insider now directly owns 4,966 shares of the company’s stock, valued at $535,334.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Joseph Welzenbach sold 4,723 shares of Hanover Insurance Group stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $106.09, for a total value of $501,063.07. Following the completion of the sale, the insider now directly owns 29,244 shares in the company, valued at $3,102,495.96. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by company insiders.

THG has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $91.00 price objective on shares of Hanover Insurance Group in a report on Friday, October 6th. Zacks Investment Research lowered Hanover Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th.

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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 for Hanover Insurance Group (NYSE:THG)

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