Hanover Insurance Group Inc found using ticker (THG) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 140 and 112 with a mean TP of 122.75. Given that the stocks previous close was at 112.82 this would indicate that there is a potential upside of 8.8%. There is a 50 day moving average of 97.58 and the 200 moving average now moves to 99.21. The company has a market capitalisation of $4,043m. Company Website: http://www.hanover.com
The potential market cap would be $4,399m 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 in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers’ compensation, as well as management and professional liability, marine, general liability, specialty industrial and commercial property, mono-line 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 inland marine, umbrella, fire, personal watercraft, and other miscellaneous coverages. The Other segment offers investment management and advisory services to institutions, pension funds, and other organizations. The company markets its products and services through independent agents and brokers. The Hanover Insurance Group was founded in 1852 and is headquartered in Worcester, Massachusetts.
