The Hanover Insurance Group, Inc. (THG) Downgraded by Zacks Investment Research

The Hanover Insurance Group, Inc. (NYSE:THG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “

Several other analysts also recently weighed in on THG. Keefe, Bruyette & Woods set a $91.00 target price on The Hanover Insurance Group and gave the company a “hold” rating in a research note on Friday, August 4th. BidaskClub raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $97.33.

Shares of The Hanover Insurance Group (NYSE:THG) traded up 1.39% on Tuesday, reaching $99.02. The company had a trading volume of 47,354 shares. The Hanover Insurance Group has a 12 month low of $74.60 and a 12 month high of $100.33. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 21.42 and a beta of 1.13. The stock has a 50 day moving average price of $96.80 and a 200-day moving average price of $90.85.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Analysts forecast that The Hanover Insurance Group will post $4.50 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/the-hanover-insurance-group-inc-thg-downgraded-by-zacks-investment-research.html.

In other news, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group stock in a transaction on Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the transaction, the insider now directly owns 1,760 shares in the company, valued at approximately $173,500.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John C. Roche sold 17,500 shares of The Hanover Insurance Group stock in a transaction on Friday, August 4th. The shares were sold at an average price of $96.00, for a total value of $1,680,000.00. Following the transaction, the insider now owns 42,524 shares in the company, valued at $4,082,304. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,630 shares of company stock worth $4,913,611. 1.08% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of THG. BlackRock Inc. increased its position in shares of The Hanover Insurance Group by 8,831.8% during the 1st quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock valued at $315,226,000 after purchasing an additional 3,460,996 shares during the period. Janus Henderson Group PLC acquired a new position in shares of The Hanover Insurance Group during the 2nd quarter valued at $62,938,000. Macquarie Group Ltd. increased its position in shares of The Hanover Insurance Group by 97.6% during the 2nd quarter. Macquarie Group Ltd. now owns 729,942 shares of the insurance provider’s stock valued at $64,695,000 after purchasing an additional 360,623 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of The Hanover Insurance Group by 2,199.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 375,034 shares of the insurance provider’s stock valued at $33,239,000 after purchasing an additional 358,725 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of The Hanover Insurance Group by 63.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 716,724 shares of the insurance provider’s stock valued at $63,524,000 after purchasing an additional 279,347 shares during the period. Institutional investors own 84.16% of the company’s stock.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Compan

According to Zacks, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities. “

Several other analysts also recently weighed in on THG. Keefe, Bruyette & Woods set a $91.00 target price on The Hanover Insurance Group and gave the company a “hold” rating in a research note on Friday, August 4th. BidaskClub raised The Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $97.33.

Shares of The Hanover Insurance Group (NYSE:THG) traded up 1.39% on Tuesday, reaching $99.02. The company had a trading volume of 47,354 shares. The Hanover Insurance Group has a 12 month low of $74.60 and a 12 month high of $100.33. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 21.42 and a beta of 1.13. The stock has a 50 day moving average price of $96.80 and a 200-day moving average price of $90.85.

The Hanover Insurance Group (NYSE:THG) last announced its earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.14. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. Analysts forecast that The Hanover Insurance Group will post $4.50 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/the-hanover-insurance-group-inc-thg-downgraded-by-zacks-investment-research.html.

In other news, insider Christine Bilotti-Peterson sold 2,570 shares of The Hanover Insurance Group stock in a transaction on Friday, August 25th. The stock was sold at an average price of $98.58, for a total transaction of $253,350.60. Following the transaction, the insider now directly owns 1,760 shares in the company, valued at approximately $173,500.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John C. Roche sold 17,500 shares of The Hanover Insurance Group stock in a transaction on Friday, August 4th. The shares were sold at an average price of $96.00, for a total value of $1,680,000.00. Following the transaction, the insider now owns 42,524 shares in the company, valued at $4,082,304. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,630 shares of company stock worth $4,913,611. 1.08% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of THG. BlackRock Inc. increased its position in shares of The Hanover Insurance Group by 8,831.8% during the 1st quarter. BlackRock Inc. now owns 3,500,184 shares of the insurance provider’s stock valued at $315,226,000 after purchasing an additional 3,460,996 shares during the period. Janus Henderson Group PLC acquired a new position in shares of The Hanover Insurance Group during the 2nd quarter valued at $62,938,000. Macquarie Group Ltd. increased its position in shares of The Hanover Insurance Group by 97.6% during the 2nd quarter. Macquarie Group Ltd. now owns 729,942 shares of the insurance provider’s stock valued at $64,695,000 after purchasing an additional 360,623 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of The Hanover Insurance Group by 2,199.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 375,034 shares of the insurance provider’s stock valued at $33,239,000 after purchasing an additional 358,725 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of The Hanover Insurance Group by 63.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 716,724 shares of the insurance provider’s stock valued at $63,524,000 after purchasing an additional 279,347 shares during the period. Institutional investors own 84.16% of the company’s stock.

The Hanover Insurance Group Company Profile

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).

Receive News & Ratings for The Hanover Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply