The Hanover Insurance Group Upgraded to “Outperform” by Zacks (THG)
The Hanover Insurance Group (NYSE:THG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, American Banking News reports. The firm currently has a $58.70 price objective on the stock. Zacks‘ target price would suggest a potential upside of 6.11% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sidoti initiated coverage on shares of The Hanover Insurance Group (NYSE:THG) in a research note to investors on Tuesday. They set a “buy” rating on the stock. Separately, analysts at JMP Securities upgraded shares of The Hanover Insurance Group (NYSE:THG) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, September 24th. They now have a $61.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of The Hanover Insurance Group (NYSE:THG) from $55.00 to $60.00 in a research note to investors on Friday, August 2nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $56.74.
Shares of The Hanover Insurance Group (NYSE:THG) traded up 1.86% during mid-day trading on Tuesday, hitting $56.35. 203,298 shares of the company’s stock traded hands. The Hanover Insurance Group has a 1-year low of $34.15 and a 1-year high of $56.80. The stock has a 50-day moving average of $53.55 and a 200-day moving average of $50.84. The company has a market cap of $2.468 billion and a P/E ratio of 23.76.
The Hanover Insurance Group (NYSE:THG) last released its earnings data on Wednesday, July 31st. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.34. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.29 billion. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that The Hanover Insurance Group will post $4.16 EPS for the current fiscal year.
The Hanover Insurance Group, Inc (NYSE:THG) is a holding company.
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