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. “
Other analysts also recently issued reports about the company. JMP Securities reiterated an outperform rating and set a $95.00 target price on shares of The Hanover Insurance Group in a research report on Monday, September 12th. BMO Capital Markets reiterated an outperform rating and set a $94.00 target price (down from $99.00) on shares of The Hanover Insurance Group in a research report on Wednesday, August 3rd.
Shares of The Hanover Insurance Group (NYSE:THG) opened at 78.00 on Thursday. The Hanover Insurance Group has a 52 week low of $74.06 and a 52 week high of $91.30. The stock has a 50 day moving average price of $76.42 and a 200-day moving average price of $82.68. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 14.52 and a beta of 1.01.
The Hanover Insurance Group (NYSE:THG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.02. The Hanover Insurance Group had a return on equity of 9.51% and a net margin of 4.83%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm posted $1.56 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, equities research analysts forecast that The Hanover Insurance Group will post $5.93 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.84 annualized dividend and a dividend yield of 2.36%. The Hanover Insurance Group’s dividend payout ratio is currently 34.39%.
In related news, insider Christine Bilotti-Peterson sold 3,600 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $82.31, for a total transaction of $296,316.00. Following the completion of the sale, the insider now directly owns 6,390 shares in the company, valued at approximately $525,960.90. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.49% of the company’s stock.
Several hedge funds have recently made changes to their positions in THG. Huntington Asset Advisors Inc. acquired a new stake in shares of The Hanover Insurance Group during the first quarter valued at $171,000. Tower Research Capital LLC TRC boosted its position in shares of The Hanover Insurance Group by 65.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,274 shares of the company’s stock worth $192,000 after buying an additional 899 shares during the last quarter. Zacks Investment Management purchased a new position in shares of The Hanover Insurance Group during the second quarter worth about $212,000. LS Investment Advisors LLC boosted its position in shares of The Hanover Insurance Group by 72.4% in the second quarter. LS Investment Advisors LLC now owns 2,567 shares of the company’s stock worth $217,000 after buying an additional 1,078 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of The Hanover Insurance Group by 1.4% in the second quarter. Hsbc Holdings PLC now owns 2,667 shares of the company’s stock worth $225,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 82.93% of the company’s stock.
About The Hanover Insurance Group
The Hanover Insurance Group, Inc is a holding company. The Company’s primary business operations are property and casualty insurance products and services. 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.
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