Hanover Insurance Group Inc reports results for the quarter ended in December - Earnings Summary

Hanover Insurance group

31/01/2024 23:39

* Hanover Insurance Group Inc  THG.N  reported quarterly
adjusted
earnings of $3.13​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-1.05.  The mean expectation of eight analysts
for the quarter was for earnings of $2.73 per share. Wall Street
expected results to range from $2.50  to $3.25 per share.
    * Revenue rose 1.5% to $1.35 billion from a year ago;
analysts
expected $1.41 billion. 
    * Hanover Insurance Group Inc's reported EPS for the quarter
was
$2.98​.
    * The company reported quarterly net income of $107.9
million.
    * Hanover Insurance Group Inc shares had risen by 9.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Hanover Insurance
Group Inc is $130.00 
This summary was machine generated from LSEG data January 31 at
11:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      2.73           3.13           Beat
 Sep. 30 2023      0.19           0.19           Met
 Jun. 30 2023      -0.92          -1.91          Missed
 Mar. 31 2023      0.40           0.13           Missed