Hanover Insurance Group Inc (THG) Releases Earnings Results, Beats Expectations By $0.06 EPS

Hanover Insurance Group Inc (THG) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $1.64 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.58. The company posted revenue of $1144.30 million in the period, compared to analysts expectations of $1181.73 million. The company’s revenue was down -5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS.

Hanover Insurance Group Inc opened for trading at $86 and hit $86.67 on the upside on Monday, eventually ending the session at $86.52, with a gain of 0.89% or 0.76 points. The heightened volatility saw the trading volume jump to 2,94,136 shares. Company has a market cap of $3,705 M.

In a different news, on Mar 1, 2016, Warren E. Barnes (VP & Act. Principal Acctg. Off) sold 2,018 shares at $84.29 per share price. According to the SEC, on Feb 18, 2016, Mark Joseph Welzenbach (Senior Vice President) sold 6,250 shares at $82.09 per share price. On Feb 12, 2016, Robert A Stuchbery (President, Int’l Operations) sold 11,500 shares at $81.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Hanover Insurance Group Inc. is a holding company. The Company’s primary business operations are property and casualty insurance products and services. The Company markets its domestic products and services through independent agents and brokers in the United States and conduct business internationally through a wholly-owned subsidiary Chaucer Holdings Limited and Corporation of Lloyd’s in the United Kingdom. The Company operates through four segments: Commercial Lines Personal Lines Chaucer and Other. The Company’s Commercial Lines product suite provides agents and customers with products designed for small middle and specialized markets. The Company’s Personal automobile coverage insures individuals against losses incurred from personal bodily injury. The Company’s Chaucer segment include Marine and aviation includes worldwide direct facultative and treaty business. The Company’s Other segment consists of: Opus which provides investment advisory services.

Hanover Insurance Group Inc

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