Piper Sandler analyst Paul Newsome assigned a Buy rating to Hanover Insurance (THG – Research Report) today and set a price target of $147.00. The company’s shares closed last Friday at $131.89.
According to TipRanks, Newsome is a 5-star analyst with an average return of 9.4% and a 70.15% success rate. Newsome covers the Financial sector, focusing on stocks such as Allstate, American International Group, and Progressive.
In addition to Piper Sandler, Hanover Insurance also received a Buy from Oppenheimer’s Michael Phillips CFA in a report issued on February 2. However, on February 5, KBW maintained a Hold rating on Hanover Insurance (NYSE: THG).
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THG market cap is currently $4.72B and has a P/E ratio of 134.88.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of THG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hanover Insurance (THG) Company Description:
The Hanover Insurance Group, Inc. is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines and Other. The Commercial Lines segment includes commercial multiple peril, commercial automobile, workers compensation and other commercial coverage, such as specialty program business, inland marine, management and professional liability and surety. The Personal Lines segment involves personal automobile, homeowners and other personal coverage. The Other segment operates through Opus Investment Management, Inc. The company was founded in 1852 and is headquartered in Worcester, MA.
Read More on THG:
- The Hanover price target raised to $150 from $135 at Oppenheimer
- The Hanover Reports Fourth Quarter Net Income and Operating Income of $2.98 and $3.13 per Diluted Share, Respectively; Net and Operating Return on Equity of 18.8% and 15.7%, Respectively
- The Hanover reports Q4 operating EPS $3.13, consensus $2.73
- THG Upcoming Earnings Report: What to Expect?
