What’s The Hanover Insurance Group, Inc. (THG) Upside After Making All-Time High?

April 17, 2018 - By Dolores Ford

The Hanover Insurance Group, Inc. (NYSE:THG) Logo

The stock of The Hanover Insurance Group, Inc. (NYSE:THG) reached all time high today, Apr, 17 and still has $123.63 target or 3.00 % above today’s $120.03 share price. This indicates more upside for the $5.11B company. This technical setup was reported by Barchart.com. If the $123.63 PT is reached, the company will be worth $153.24M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.22% or $0.27 during the last trading session, reaching $120.03. About 65,175 shares traded. The Hanover Insurance Group, Inc. (NYSE:THG) has risen 27.09% since April 17, 2017 and is uptrending. It has outperformed by 15.54% the S&P500.

Analysts await The Hanover Insurance Group, Inc. (NYSE:THG) to report earnings on May, 2. They expect $1.87 EPS, up 96.84 % or $0.92 from last year’s $0.95 per share. THG’s profit will be $79.58 million for 16.05 P/E if the $1.87 EPS becomes a reality. After $2.00 actual EPS reported by The Hanover Insurance Group, Inc. for the previous quarter, Wall Street now forecasts -6.50 % negative EPS growth.

The Hanover Insurance Group, Inc. (NYSE:THG) Ratings Coverage

Among 2 analysts covering Hanover Insurance (NYSE:THG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Hanover Insurance had 6 analyst reports since November 2, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, November 2 by Keefe Bruyette & Woods. The stock has “Buy” rating by Sandler O’Neill on Thursday, February 1. The firm has “Buy” rating by Sandler O’Neill given on Tuesday, January 9. Keefe Bruyette & Woods maintained The Hanover Insurance Group, Inc. (NYSE:THG) on Monday, December 4 with “Hold” rating. The stock has “Buy” rating by Sandler O’Neill on Friday, April 6. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, February 1.

The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance services and products in the United States and internationally. The company has market cap of $5.11 billion. It operates through four divisions: Commercial Lines, Personal Lines, Chaucer, and Other. It has a 27.66 P/E ratio. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workersÂ’ compensation, specialty property, inland marine, management and professional liability, and surety, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

The Hanover Insurance Group, Inc. (NYSE:THG) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: