BMO Capital analyst Michael Zaremski maintained a Hold rating on Hanover Insurance (THG – Research Report) yesterday and set a price target of $141.00. The company’s shares closed yesterday at $132.81.
According to TipRanks, Zaremski is a 4-star analyst with an average return of 12.6% and a 70.51% success rate. Zaremski covers the Financial sector, focusing on stocks such as Renaissancere Holdings, Chubb, and Allstate.
Hanover Insurance has an analyst consensus of Hold, with a price target consensus of $151.50.
See today’s best-performing stocks on TipRanks >>
Based on Hanover Insurance’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.37 billion and a net profit of $200 thousand. In comparison, last year the company earned a revenue of $1.27 billion and had a net profit of $34 million
Based on the recent corporate insider activity of 78 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.
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 Reports Fourth Quarter and Full Year Results
- The Hanover initiated with a Market Perform at BMO Capital
- The Hanover expects to report Q4 operating EPS ($1.05), consensus $2.18
- The Hanover estimates Q4 catastrophe losses of $190M before taxes
- The Hanover Estimates Fourth Quarter Catastrophe Losses; Full-Year Combined Ratio, Excluding Catastrophes in Line with Guidance
