Hanover Insurance Group Inc (NYSE:THG) – Investment analysts at Langen Mcalenn boosted their Q1 2019 EPS estimates for Hanover Insurance Group in a report issued on Monday, April 1st, Zacks Investment Research reports. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $1.79 per share for the quarter, up from their previous estimate of $1.78.
THG has been the topic of a number of other research reports. Zacks Investment Research downgraded Hanover Insurance Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. ValuEngine downgraded Hanover Insurance Group from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Finally, Compass Point started coverage on Hanover Insurance Group in a report on Friday, March 1st. They issued a “buy” rating and a $118.71 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $130.57.
Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, January 30th. The insurance provider reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.04. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Hanover Insurance Group had a return on equity of 11.14% and a net margin of 7.88%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 earnings per share.
Several hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. raised its position in shares of Hanover Insurance Group by 6.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,671 shares of the insurance provider’s stock worth $195,000 after acquiring an additional 96 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Hanover Insurance Group by 0.6% in the 4th quarter. Arizona State Retirement System now owns 30,384 shares of the insurance provider’s stock worth $3,548,000 after purchasing an additional 181 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in Hanover Insurance Group by 204.9% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 311 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 209 shares during the period. Lindbrook Capital LLC bought a new stake in Hanover Insurance Group during the 4th quarter valued at $26,000. Finally, Riverview Trust Co bought a new position in shares of Hanover Insurance Group in the fourth quarter worth $27,000. 89.75% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Ann Kirkpatrick Tripp sold 5,646 shares of Hanover Insurance Group stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $115.81, for a total value of $653,863.26. Following the completion of the transaction, the senior vice president now directly owns 18,631 shares of the company’s stock, valued at approximately $2,157,656.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Mark Joseph Welzenbach sold 7,402 shares of Hanover Insurance Group stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $113.05, for a total value of $836,796.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,560 shares of company stock worth $2,016,383. Company insiders own 1.65% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, March 14th. Hanover Insurance Group’s dividend payout ratio is presently 35.35%.
About Hanover Insurance Group
The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.
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