Notable News Spotlight: The Hanover Insurance Group (NYSE:THG)
The Hanover Insurance Group (NYSE:THG) changed 0.31% to recent value of $138.86. The stock transacted 288661 shares during most recent day however it has an average volume of 260.76K shares. It spotted trading -0.15% off 52-week high price. On the other end, the stock has been noted 31.67% away from the low price over the last 52-weeks.
On Jan. 16, 2020, The Hanover Insurance Group (NYSE:THG) reported it expects its fourth quarter non-catastrophe property losses to exceed expectations by approximately $20 million before taxes. The loss experience was driven primarily by non-catastrophe weather activity in homeowners, as well as large property losses in commercial multiple peril and certain specialty lines, reported in its other commercial lines business. These losses are expected to be partially offset by lower than expected catastrophe losses. Current accident year liability loss trends and overall prior-year reserve activity are anticipated to be in line with expectations.
Taking these factors into account, the company estimates its fourth quarter combined ratio to be in the range of 96.1% to 96.5%.
The Hanover’s fourth quarter results are expected to be announced after the market closes on Tuesday, February 4.
THG has an operating margin of 9.10% while its profit margin remained 9.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 5.90% for this year while earning per share for the next 5-years is expected to reach at -1.10%.
The company has 39.68M of outstanding shares and 38.96M shares were floated in the market. The price moved ahead of 1.36% from the mean of 20 days, 3.29% from mean of 50 days SMA and performed 8.86% from mean of 200 days price. Company’s performance for the week was 0.66%, 1.26% for month and YTD performance remained 1.60%.