Wall Road analysts forecast that The Hanover Insurance coverage Group, Inc. (NYSE:THG – Get Rating) will announce gross sales of $1.34 billion for the present fiscal quarter, in keeping with Zacks Investment Research. Two analysts have supplied estimates for The Hanover Insurance coverage Group’s earnings. The Hanover Insurance coverage Group posted gross sales of $1.25 billion in the identical quarter final 12 months, which suggests a constructive year-over-year progress charge of seven.2%. The enterprise is scheduled to situation its subsequent earnings report after the market closes on Monday, January 1st.
On common, analysts count on that The Hanover Insurance coverage Group will report full 12 months gross sales of $5.46 billion for the present fiscal 12 months, with estimates starting from $5.46 billion to $5.47 billion. For the following 12 months, analysts anticipate that the enterprise will report gross sales of $5.76 billion, with estimates starting from $5.72 billion to $5.80 billion. Zacks Funding Analysis’s gross sales calculations are a median based mostly on a survey of analysts that cowl The Hanover Insurance coverage Group.
The Hanover Insurance coverage Group (NYSE:THG – Get Rating) final posted its quarterly earnings knowledge on Wednesday, February 2nd. The insurance coverage supplier reported $three.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $zero.88. The enterprise had income of $1.21 billion through the quarter, in comparison with the consensus estimate of $1.20 billion. The Hanover Insurance coverage Group had a internet margin of eight.00% and a return on fairness of 10.23%. The agency’s quarterly income was up 9.2% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the corporate posted $three.02 earnings per share.
Quite a lot of analysis companies have just lately commented on THG. Zacks Investment Research upgraded shares of The Hanover Insurance coverage Group from a “maintain” score to a “purchase” score and set a $171.00 value goal for the corporate in a analysis report on Tuesday, April 12th. StockNews.com started protection on shares of The Hanover Insurance coverage Group in a analysis report on Thursday, March 31st. They issued a “purchase” score for the corporate. One analyst has rated the inventory with a maintain score and 4 have assigned a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the corporate has a median score of “Purchase” and a median value goal of $156.50.
THG stock opened at $150.62 on Monday. The agency has a 50 day transferring common of $144.56 and a 200-day transferring common of $136.06. The corporate has a present ratio of zero.40, a fast ratio of zero.40 and a debt-to-equity ratio of zero.25. The Hanover Insurance coverage Group has a 12 month low of $121.69 and a 12 month excessive of $154.98. The agency has a market capitalization of $5.36 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 1.00 and a beta of zero.87.
The enterprise additionally just lately introduced a quarterly dividend, which was paid on Friday, March 25th. Shareholders of file on Friday, March 11th got a dividend of $zero.75 per share. The ex-dividend date was Thursday, March 10th. This represents a $three.00 annualized dividend and a yield of 1.99%. The Hanover Insurance coverage Group’s payout ratio is presently 26.09%.
In different information, EVP Richard W. Lavey offered 9,253 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, March 2nd. The shares had been offered at a median value of $141.07, for a complete worth of $1,305,320.71. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which might be accessed by way of this hyperlink. Additionally, EVP Mark Joseph Welzenbach offered 15,063 shares of the enterprise’s inventory in a transaction that occurred on Friday, February 4th. The inventory was offered at a median value of $139.10, for a complete transaction of $2,095,263.30. The disclosure for this sale might be discovered here. During the last quarter, insiders have offered 34,299 shares of firm inventory valued at $four,868,323. 2.50% of the inventory is at the moment owned by firm insiders.
Institutional traders and hedge funds have just lately made adjustments to their positions within the firm. Quent Capital LLC purchased a brand new stake in shares of The Hanover Insurance coverage Group within the 4th quarter value roughly $26,00zero. Allegheny Monetary Group LTD bought a brand new place in The Hanover Insurance coverage Group through the 4th quarter valued at $28,00zero. CWM LLC bought a brand new place in The Hanover Insurance coverage Group through the 4th quarter valued at $43,00zero. PrairieView Companions LLC elevated its place in The Hanover Insurance coverage Group by three,720.zero% through the 4th quarter. PrairieView Companions LLC now owns 382 shares of the insurance coverage supplier’s inventory valued at $50,00zero after buying an extra 372 shares through the interval. Lastly, Covestor Ltd bought a brand new place in The Hanover Insurance coverage Group through the 4th quarter valued at $50,00zero. Hedge funds and different institutional traders personal 85.83% of the corporate’s inventory.
About The Hanover Insurance coverage Group (Get Rating)
The Hanover Insurance coverage Group, Inc, by way of its subsidiaries, offers varied property and casualty insurance coverage services and products in america. The corporate operates by way of three segments: Industrial Strains, Private Strains, and Different. The Industrial Strains phase affords industrial a number of peril, industrial car, and staff’ compensation insurance coverage merchandise, in addition to administration and professional legal responsibility, marine, specialty industrial and industrial property, monoline common legal responsibility, surety, umbrella, constancy, crime, and different industrial coverages.
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