Q4 2018 EPS Estimates for Hanover Insurance Group Inc (THG) Decreased by Analyst

Hanover Insurance Group Inc (NYSE:THG) – Equities researchers at Langen Mcalenn decreased their Q4 2018 earnings per share estimates for Hanover Insurance Group in a report released on Monday, November 5th. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $2.02 per share for the quarter, down from their prior forecast of $2.12. Langen Mcalenn also issued estimates for Hanover Insurance Group’s Q1 2019 earnings at $2.05 EPS, Q2 2019 earnings at $1.82 EPS, Q4 2019 earnings at $2.23 EPS and FY2019 earnings at $8.25 EPS.

Other equities analysts have also issued reports about the company. Sandler O’Neill lowered Hanover Insurance Group from a “buy” rating to a “neutral” rating in a research note on Thursday, August 30th. Zacks Investment Research lowered Hanover Insurance Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 10th. ValuEngine raised Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Finally, Keefe, Bruyette & Woods set a $140.00 price target on Hanover Insurance Group and gave the company a “buy” rating in a research note on Thursday, August 2nd.

Shares of Hanover Insurance Group stock opened at $111.76 on Wednesday. Hanover Insurance Group has a 12 month low of $101.81 and a 12 month high of $131.44. The company has a market cap of $4.64 billion, a P/E ratio of 23.58 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.39 and a quick ratio of 0.39.

Institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in Hanover Insurance Group during the second quarter valued at approximately $179,000. Contravisory Investment Management Inc. bought a new stake in shares of Hanover Insurance Group in the 2nd quarter valued at approximately $188,000. Brown Advisory Inc. bought a new stake in shares of Hanover Insurance Group in the 1st quarter valued at approximately $202,000. Trexquant Investment LP bought a new stake in shares of Hanover Insurance Group in the 2nd quarter valued at approximately $209,000. Finally, Mackay Shields LLC bought a new stake in shares of Hanover Insurance Group in the 2nd quarter valued at approximately $298,000. 84.49% of the stock is owned by institutional investors.

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 and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

Further Reading: Cost of Capital

Earnings History and Estimates for Hanover Insurance Group (NYSE:THG)

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