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Analysts Offer Insights on Financial Companies: Intercontinental Exchange (ICE), Hanover Insurance (THG) and Reinsurance Group (RGA)

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Intercontinental Exchange (ICEResearch Report), Hanover Insurance (THGResearch Report) and Reinsurance Group (RGAResearch Report) with bullish sentiments.

Intercontinental Exchange (ICE)

Piper Sandler analyst Patrick Moley maintained a Buy rating on Intercontinental Exchange today and set a price target of $135.00. The company’s shares closed last Thursday at $106.26.

According to TipRanks.com, Moley is a 3-star analyst with an average return of 2.8% and a 50.0% success rate. Moley covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Cboe Global Markets, and Interactive Brokers.

Currently, the analyst consensus on Intercontinental Exchange is a Moderate Buy with an average price target of $130.70.

See today’s best-performing stocks on TipRanks >>

Hanover Insurance (THG)

In a report released today, Paul Newsome from Piper Sandler maintained a Buy rating on Hanover Insurance, with a price target of $143.00. The company’s shares closed last Thursday at $116.68.

According to TipRanks.com, Newsome is a 5-star analyst with an average return of 7.3% and a 63.7% success rate. Newsome covers the Financial sector, focusing on stocks such as Skyward Specialty Insurance Group, Inc., Universal Insurance Holdings, and Heritage Insurance Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hanover Insurance with a $132.20 average price target, implying a 10.7% upside from current levels. In a report issued on November 1, JMP Securities also reiterated a Buy rating on the stock with a $150.00 price target.

Reinsurance Group (RGA)

In a report released today, John Barnidge from Piper Sandler maintained a Buy rating on Reinsurance Group, with a price target of $176.00. The company’s shares closed last Thursday at $148.76.

According to TipRanks.com, Barnidge is a 5-star analyst with an average return of 8.3% and a 58.1% success rate. Barnidge covers the Financial sector, focusing on stocks such as American Equity Investment Life, Corebridge Financial, Inc., and Brighthouse Financial.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reinsurance Group with a $166.00 average price target, representing an 11.3% upside. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $169.00 price target.

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