The stock of Hanover Insurance Group Inc (NYSE:THG) is a huge mover today! About 309,516 shares traded hands or 26.40% up from the average. Hanover Insurance Group Inc (NYSE:THG) has declined 16.38% since April 4, 2016 and is downtrending. It has underperformed by 17.47% the S&P500.
The move comes after 8 months positive chart setup for the $3.43 billion company. It was reported on Nov, 4 by Barchart.com. We have $120.42 PT which if reached, will make NYSE:THG worth $1.75 billion more.
Hanover Insurance Group Inc (NYSE:THG) Ratings Coverage
Out of 3 analysts covering Hanover Insurance Group (NYSE:THG), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Hanover Insurance Group has been the topic of 5 analyst reports since August 15, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, November 12 by Piper Jaffray. The company was downgraded on Saturday, August 15 by Zacks. The firm has “Buy” rating given on Monday, October 24 by Sandler O’Neill. BMO Capital Markets upgraded Hanover Insurance Group Inc (NYSE:THG) on Monday, March 28 to “Outperform” rating.
According to Zacks Investment Research, “Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities.”
Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down 0.50, from 0.5 in 2016Q1. The ratio is negative, as 1 funds sold all Hanover Insurance Group Inc shares owned while 0 reduced positions. 2 funds bought stakes while 0 increased positions. They now own 20,800 shares or 183.65% more from 7,333 shares in 2016Q1.
Arrowstreet Capital Lp, a Massachusetts-based fund reported 16,300 shares. Id Mngmt A S reported 4,500 shares or 0.12% of all its holdings.
Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 4 selling transactions for $10.91 million net activity. EPPINGER FREDERICK H had sold 85,000 shares worth $7.31M on Tuesday, May 17. 2,500 shares were sold by LAVEY RICHARD W, worth $216,632 on Friday, May 20. 3,600 Hanover Insurance Group Inc (NYSE:THG) shares with value of $296,300 were sold by Bilotti-Peterson Christine. The insider HUBER J KENDALL sold 35,750 shares worth $3.09M.
More notable recent Hanover Insurance Group Inc (NYSE:THG) news were published by: Prnewswire.com which released: “The Hanover Insurance Group, Inc. Appoints Jeffrey M. Farber Executive Vice …” on September 22, 2016, also Forbes.com with their article: “Hanover Insurance Group Becomes Oversold” published on September 08, 2016, Prnewswire.com published: “The Hanover Insurance Group, Inc. To Issue Second Quarter 2016 Financial …” on June 30, 2016. More interesting news about Hanover Insurance Group Inc (NYSE:THG) were released by: Prnewswire.com and their article: “The Hanover Insurance Group, Inc. To Hold Annual Meeting Of Shareholders On …” published on April 25, 2016 as well as Prnewswire.com‘s news article titled: “The Hanover Announces Senior Management Change” with publication date: August 10, 2016.
THG Company Profile
The Hanover Insurance Group, Inc., incorporated on January 12, 1995, is a holding company. The Company’s primary business are property and casualty insurance services and products. The Firm markets its domestic services and products through independent agents and brokers in the United States and conducts business internationally through its subsidiary, Chaucer Holdings Limited (Chaucer), which operates through the Society and Corporation of Lloyd’s (Lloyd’s). The Firm operates through four divisions: Commercial Lines, Personal Lines, Chaucer and Other.
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