Revenue Update on Hanover Insurance Group Inc(NYSE:THG)

Hanover Insurance Group Inc(NYSE:THG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $1.22B. Analysts estimated a revenue of $1.23B. Earnings per share were $1.24. Analysts had estimated an EPS of $1.37.

Hanover Insurance Group Inc (THG) shares turned negative on Thursdays trading session with the shares closing down -0.29 points or -0.36% at a volume of 1,35,374. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $81.71. The peak price level was also seen at $81.71 while the days lowest was $80.88. Finally the shares closed at $80.92. The 52-week high of the shares is $91.3 while the 52-week low is $75.39. According to the latest information available, the market cap of the company is $3,459 M.

Several Insider Transactions has been reported to the SEC. On May 27, 2016, J Kendall Huber (Executive Vice President) sold 35,750 shares at $86.39 per share price.Also, On May 23, 2016, Richard W Lavey (Executive Vice President) sold 2,500 shares at $86.65 per share price.On May 19, 2016, Frederick H Eppinger (President & CEO) sold 85,000 shares at $86.35 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.

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