Breaking: Hanover Insurance (NYSE:THG) “Hold” Rating Reiterated by KBW Today; The TP is Set to $91.0

December 8, 2017 - By Vivian Park

 Breaking: Hanover Insurance (NYSE:THG)

Hanover Insurance (NYSE:THG) Rating Reaffirmed

Stock analysts at KBW now has a $91.0 target price per share on Hanover Insurance (NYSE:THG). KBW and their recent target price per share indicates a potential downside of -13.31 % from the company’s last close price. The rating has been revealed to investors in analysts report on Thursday morning.

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

Among 5 analysts covering Hanover Insurance Group (NYSE:THG), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Hanover Insurance Group has $104.0 highest and $86 lowest target. $92.75’s average target is -11.64% below currents $104.97 stock price. Hanover Insurance Group had 11 analyst reports since August 15, 2015 according to SRatingsIntel. The stock of The Hanover Insurance Group, Inc. (NYSE:THG) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, November 2. Piper Jaffray downgraded The Hanover Insurance Group, Inc. (NYSE:THG) on Thursday, November 12 to “Neutral” rating. The rating was upgraded by Wood to “Market Perform” on Thursday, May 18. The stock of The Hanover Insurance Group, Inc. (NYSE:THG) has “Underperform” rating given on Thursday, January 12 by Keefe Bruyette & Woods. The company was initiated on Monday, October 24 by Sandler O’Neill. BMO Capital Markets upgraded the stock to “Outperform” rating in Monday, March 28 report. Keefe Bruyette & Woods maintained The Hanover Insurance Group, Inc. (NYSE:THG) rating on Thursday, October 5. Keefe Bruyette & Woods has “Hold” rating and $91.0 target. Keefe Bruyette & Woods maintained it with “Hold” rating and $104.0 target in Monday, December 4 report. Keefe Bruyette & Woods maintained The Hanover Insurance Group, Inc. (NYSE:THG) on Friday, August 4 with “Hold” rating. The stock of The Hanover Insurance Group, Inc. (NYSE:THG) has “Buy” rating given on Saturday, August 15 by Zacks.

The stock decreased 1.24% or $1.32 during the last trading session, reaching $104.97. About 157,784 shares traded. The Hanover Insurance Group, Inc. (NYSE:THG) has declined 4.72% since December 8, 2016 and is downtrending. It has underperformed by 21.42% the S&P500.

Analysts await The Hanover Insurance Group, Inc. (NYSE:THG) to report earnings on February, 1. They expect $1.90 EPS, up 513.04 % or $2.36 from last year’s $-0.46 per share. THG’s profit will be $80.71 million for 13.81 P/E if the $1.90 EPS becomes a reality. After $0.11 actual EPS reported by The Hanover Insurance Group, Inc. for the previous quarter, Wall Street now forecasts 1,627.27 % EPS growth.

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 $4.46 billion. It operates through four divisions: Commercial Lines, Personal Lines, Chaucer, and Other. It has a 37.21 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.

More notable recent The Hanover Insurance Group, Inc. (NYSE:THG) news were published by: Prnewswire.com which released: “The Hanover Insurance Group, Inc. and Chaucer Launch Dublin-Based Company to …” on June 21, 2017, also Prnewswire.com with their article: “The Hanover Introduces Online Builders Risk Tool, Allowing Agents to Quote …” published on May 31, 2017, Prnewswire.com published: “The Hanover Insurance Group, Inc. Elects Michael D. Price to Board of Directors” on May 30, 2017. More interesting news about The Hanover Insurance Group, Inc. (NYSE:THG) were released by: Seekingalpha.com and their article: “Hanover Insurance Group’s (THG) CEO Joseph Zubretsky on Q2 2017 Results …” published on August 06, 2017 as well as Prnewswire.com‘s news article titled: “The Hanover Insurance Group, Inc. Appoints Bryan J. Salvatore to Lead its …” with publication date: May 25, 2017.

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