Hanover Insurance Group Inc with ticker code (THG) have now 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 170 and 141 calculating the mean target price we have 152.33. With the stocks previous close at 134.83 this is indicating there is a potential upside of 13.0%. The 50 day moving average now sits at 138.03 and the 200 day moving average is 139.41. The company has a market capitalisation of $4,734m. You can visit the company’s website by visiting: https://www.hanover.com
The potential market cap would be $5,349m based on the market concensus.
The Hanover Insurance Group, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers’ compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner’s coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group in December 2005. The Hanover Insurance Group was founded in 1852 and is headquartered in Worcester, Massachusetts.
