The Hanover Insurance Group, Inc. (NYSE:THG) – Equities research analysts at Langen Mcalenn upped their Q3 2017 EPS estimates for shares of The Hanover Insurance Group in a note issued to investors on Monday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will earn $1.54 per share for the quarter, up from their previous estimate of $1.49. Langen Mcalenn also issued estimates for The Hanover Insurance Group’s Q4 2017 earnings at $2.03 EPS, FY2017 earnings at $6.20 EPS and Q1 2018 earnings at $1.70 EPS.

The Hanover Insurance Group (NYSE:THG) last released its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.14. The Hanover Insurance Group had a net margin of 3.95% and a return on equity of 5.83%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the business earned $0.05 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year.

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Other equities research analysts have also issued research reports about the company. BidaskClub upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded The Hanover Insurance Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods upgraded The Hanover Insurance Group from an “underperform” rating to a “market perform” rating and set a $81.00 target price on the stock in a research report on Wednesday, May 17th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $93.00.

Shares of The Hanover Insurance Group (NYSE THG) opened at 98.52 on Wednesday. The Hanover Insurance Group has a 1-year low of $74.06 and a 1-year high of $98.59. The company has a market cap of $4.19 billion, a PE ratio of 21.16 and a beta of 1.14. The firm’s 50-day moving average is $89.75 and its 200-day moving average is $87.76.

In other The Hanover Insurance Group news, insider J Kendall Huber sold 20,960 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $97.33, for a total value of $2,040,036.80. Following the sale, the insider now owns 34,079 shares in the company, valued at approximately $3,316,909.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John C. Roche sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $96.00, for a total value of $1,680,000.00. Following the completion of the sale, the insider now owns 42,524 shares in the company, valued at approximately $4,082,304. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in The Hanover Insurance Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 3,870,174 shares of the insurance provider’s stock valued at $348,548,000 after buying an additional 243,923 shares in the last quarter. BlackRock Inc. raised its stake in The Hanover Insurance Group by 8,831.8% in the first quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock valued at $315,226,000 after buying an additional 3,460,996 shares in the last quarter. State Street Corp raised its stake in The Hanover Insurance Group by 2.5% in the first quarter. State Street Corp now owns 1,334,905 shares of the insurance provider’s stock valued at $120,213,000 after buying an additional 32,230 shares in the last quarter. LSV Asset Management raised its stake in The Hanover Insurance Group by 13.5% in the first quarter. LSV Asset Management now owns 893,056 shares of the insurance provider’s stock valued at $80,428,000 after buying an additional 106,093 shares in the last quarter. Finally, Boston Partners raised its stake in The Hanover Insurance Group by 1.2% in the second quarter. Boston Partners now owns 601,281 shares of the insurance provider’s stock valued at $53,291,000 after buying an additional 7,014 shares in the last quarter. Institutional investors and hedge funds own 84.14% of the company’s stock.

About The Hanover Insurance Group

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

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