Hanover Insurance Group Inc with ticker code (THG) have now 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 170 and 155 with the average target price sitting at 161.33. Given that the stocks previous close was at 137.5 this would imply there is a potential upside of 17.3%. The day 50 moving average is 144.43 and the 200 day moving average is 138.9. The market cap for the company is $4,871m. You can visit the company’s website by visiting: https://www.hanover.com
The potential market cap would be $5,715m based on the market concensus.
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The Hanover Insurance Group, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers’ compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline 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 umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group in December 2005. The Hanover Insurance Group was founded in 1852 and is headquartered in Worcester, Massachusetts.