Property and casualty insurer The Hanover Insurance Group (NYSE: THG) will be reporting earnings this Wednesday after the bell. Here’s what you need to know.
The Hanover Insurance Group missed analysts’ revenue expectations last quarter, reporting revenues of $1.69 billion, up 4.3% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ net premiums earned estimates.
Is The Hanover Insurance Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting The Hanover Insurance Group’s revenue to grow 6.2% year on year, improving from the 4.9% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Hanover Insurance Group has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at The Hanover Insurance Group’s peers in the property & casualty insurance segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 27.7%, beating analysts’ expectations by 4.7%, and First American Financial reported revenues up 16.2%, topping estimates by 2.4%. Stewart Information Services traded up 3.9% following the results while First American Financial was also up 3.5%.
Read our full analysis of Stewart Information Services’s results here and First American Financial’s results here.
There has been positive sentiment among investors in the property & casualty insurance segment, with share prices up 6.7% on average over the last month. The Hanover Insurance Group is up 3.9% during the same time and is heading into earnings with an average analyst price target of $198.13 (compared to the current share price of $179.27).
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