Brokerages anticipate The Hanover Insurance coverage Group, Inc. (NYSE:THG) to report $2.80 earnings per share (EPS) for the present quarter, Zacks Funding Analysis experiences. Two analysts have offered estimates for The Hanover Insurance coverage Group’s earnings. The bottom EPS estimate is $2.65 and the very best is $2.91. The Hanover Insurance coverage Group posted earnings of $1.66 per share throughout the identical quarter final yr, which signifies a constructive yr over yr development fee of 68.7%. The agency is scheduled to report its subsequent earnings report on Thursday, Could fifth.
On common, analysts anticipate that The Hanover Insurance coverage Group will report full-year earnings of $10.42 per share for the present fiscal yr, with EPS estimates starting from $10.30 to $10.50. For the subsequent yr, analysts anticipate that the corporate will report earnings of $11.37 per share, with EPS estimates starting from $11.20 to $11.65. Zacks Funding Analysis’s earnings per share averages are a imply common based mostly on a survey of analysis analysts that observe The Hanover Insurance coverage Group.
The Hanover Insurance coverage Group (NYSE:THG) final launched its earnings outcomes on Wednesday, February 2nd. The insurance coverage supplier reported $3.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.88. The corporate had income of $1.21 billion for the quarter, in comparison with analyst estimates of $1.20 billion. The Hanover Insurance coverage Group had a web margin of 8.15% and a return on fairness of 9.86%. The agency’s quarterly income was up 9.2% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency earned $3.02 EPS.
Quite a few analysts have just lately issued experiences on the corporate. Zacks Funding Analysis lower The Hanover Insurance coverage Group from a “purchase” ranking to a “maintain” ranking in a analysis report on Tuesday, February eighth. StockNews.com raised The Hanover Insurance coverage Group from a “maintain” ranking to a “purchase” ranking in a analysis report on Saturday, February fifth. Three equities analysis analysts have rated the inventory with a maintain ranking and 4 have given a purchase ranking to the corporate. In accordance with knowledge from MarketBeat.com, the corporate has a consensus ranking of “Purchase” and a consensus goal worth of $146.50.
Shares of THG inventory traded down $0.19 throughout buying and selling hours on Friday, hitting $139.96. 151,950 shares of the corporate had been exchanged, in comparison with its common quantity of 170,126. The Hanover Insurance coverage Group has a 1 yr low of $112.96 and a 1 yr excessive of $144.64. The agency has a market cap of $4.98 billion, a PE ratio of 12.28, a PEG ratio of 1.57 and a beta of 0.94. The agency has a fifty day shifting common of $134.01 and a 200 day shifting common of $133.43. The corporate has a fast ratio of 0.40, a present ratio of 0.40 and a debt-to-equity ratio of 0.25.
The enterprise additionally just lately disclosed a quarterly dividend, which was paid on Thursday, December thirtieth. Shareholders of report on Thursday, December sixteenth had been paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized foundation and a yield of two.14%. The ex-dividend date of this dividend was Wednesday, December fifteenth. It is a constructive change from The Hanover Insurance coverage Group’s earlier quarterly dividend of $0.70. The Hanover Insurance coverage Group’s dividend payout ratio (DPR) is 26.32%.
In different The Hanover Insurance coverage Group information, EVP Jeffrey M. Farber bought 5,000 shares of the agency’s inventory in a transaction dated Tuesday, November thirtieth. The shares had been purchased at a mean worth of $123.60 per share, for a complete transaction of $618,000.00. The transaction was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. Additionally, EVP Mark Joseph Welzenbach bought 15,063 shares of The Hanover Insurance coverage Group inventory in a transaction on Friday, February 4th. The shares had been bought at a mean worth of $139.10, for a complete worth of $2,095,263.30. The disclosure for this sale may be discovered right here. 2.56% of the inventory is owned by firm insiders.
A number of institutional buyers and hedge funds have just lately modified their holdings of THG. Allspring World Investments Holdings LLC purchased a brand new place in shares of The Hanover Insurance coverage Group within the 4th quarter valued at $103,194,000. Alliancebernstein L.P. grew its place in The Hanover Insurance coverage Group by 16.9% throughout the third quarter. Alliancebernstein L.P. now owns 1,111,755 shares of the insurance coverage supplier’s inventory price $144,106,000 after buying a further 160,807 shares over the past quarter. Fuller & Thaler Asset Administration Inc. grew its place in The Hanover Insurance coverage Group by 16.7% throughout the third quarter. Fuller & Thaler Asset Administration Inc. now owns 731,687 shares of the insurance coverage supplier’s inventory price $94,841,000 after buying a further 104,453 shares over the past quarter. First Belief Advisors LP grew its place in The Hanover Insurance coverage Group by 11.4% throughout the 2nd quarter. First Belief Advisors LP now owns 638,398 shares of the insurance coverage supplier’s inventory price $86,592,000 after buying a further 65,345 shares over the past quarter. Lastly, Retirement Programs of Alabama grew its place in The Hanover Insurance coverage Group by 141.2% throughout the 4th quarter. Retirement Programs of Alabama now owns 111,492 shares of the insurance coverage supplier’s inventory price $14,612,000 after buying a further 65,262 shares over the past quarter. Institutional buyers personal 83.69% of the corporate’s inventory.
The Hanover Insurance coverage Group Firm Profile
The Hanover Insurance coverage Group, Inc is a holding firm that engages within the provision of property and casualty services and products. It operates by way of the next segments: Industrial Traces, Private Traces and Different. The Industrial Traces section contains industrial a number of peril, industrial car, staff compensation and different industrial protection, equivalent to specialty program enterprise, inland marine, administration {and professional} legal responsibility and surety.
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