Somewhat Positive Media Coverage Somewhat Unlikely to Affect Hanover Insurance Group (THG) Stock Price

Headlines about Hanover Insurance Group (NYSE:THG) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hanover Insurance Group earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 47.3026722389989 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

THG opened at $127.30 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.32 billion, a P/E ratio of 26.86 and a beta of 0.94. Hanover Insurance Group has a fifty-two week low of $87.91 and a fifty-two week high of $127.68.

Hanover Insurance Group (NYSE:THG) last posted its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $2.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.09 by $0.11. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. Hanover Insurance Group had a net margin of 4.29% and a return on equity of 9.11%. Hanover Insurance Group’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 earnings per share. equities research analysts anticipate that Hanover Insurance Group will post 8.6 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on THG shares. Keefe, Bruyette & Woods set a $140.00 target price on shares of Hanover Insurance Group and gave the stock a “buy” rating in a research note on Thursday, August 2nd. ValuEngine raised shares of Hanover Insurance Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research raised shares of Hanover Insurance Group from a “sell” rating to a “hold” rating in a research note on Tuesday, June 12th.

Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States and internationally. It operates through four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial coverages, such as inland marine, specialty program business, management and professional liability, surety, and specialty property, as well as monoline general liability, umbrella, healthcare, and miscellaneous commercial property insurance products.

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