Despite Hanover Insurance Group's subdued revenue growth projections, its current P/S ratio is surprising. The weaker revenue outlook could risk a share price decline, requiring a positive change to justify the current ratio.
Matthew S. Mitchell, president of middle market at The Hanover, expresses confidence in Rona's leadership and deep expertise, believing her promotion will further strengthen their position as a trusted insurance provider and lead to greater success.
Insider selling over the past year could signal that shares are not cheap, possibly alarming investors. Modest insider ownership may suggest some alignment with smaller shareholders.
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