The Hanover Insurance Group, Inc. (NYSE:THG) property and casualty insurance products and services, is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.11 per share.
For the full year, analysts predict revenues of $ 4598.10 million, while looking forward to income of $ 8.09 per share.
Previous Quarter Performance
The Hanover Insurance Group, Inc. communicated income for the second quarter of $ 1.63 per share, from the revenue of $ 1,081.00 million. The quarterly earnings dropped 13.30 percent while revenues declined 4.99 percent compared with the same quarter last year.
Wall street analysts are predicting, THG to report 2Q20 income of $ 1.12 per share from revenue of $ 1127.95 million. The bottom line results beat street analysts by $ 0.51 or 45.54 percent, at the same time, top line results fell short of analysts by $ 46.95 million or 4.16 percent.
Stock Performance
Shares of The Hanover Insurance Group, Inc. traded low $ -1.39 or -1.35 percent on Friday, reaching $ 101.73 with volume of 177.60 thousand shares. The Hanover Insurance Group, Inc. has traded high as $ 104.17 and has cracked $ 101.12 on the downward trend
According to the previous trading day, closing price of $ 101.73, representing a 37.29 % increase from the 52 week low of $ 75.11 and a 28.74 % decrease over the 52 week high of $ 144.71.
The company has a market capital of $ 3.84 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 3rd September 2020, initiated by Credit Suisse Group at Neutral rating, with $ 117.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.65 per share on August 31, 2020. The dividend were payable on September 25, 2020 to holders of record as of the close of business on September 11, 2020 and ex-dividend date on September 10, 2020.
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property.
