Favorable News Coverage Very Likely to Affect The Hanover Insurance Group (NYSE:THG) Stock Price

Headlines about The Hanover Insurance Group (NYSE:THG) have been trending positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The Hanover Insurance Group earned a daily sentiment score of 0.48 on Accern’s scale. Accern also gave media headlines about the insurance provider an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

Shares of The Hanover Insurance Group (NYSE THG) traded up 0.38% during trading on Friday, reaching $97.65. The company had a trading volume of 365,214 shares. The firm has a 50-day moving average of $89.75 and a 200 day moving average of $87.76. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 20.97 and a beta of 1.14. The Hanover Insurance Group has a 52 week low of $74.06 and a 52 week high of $98.03.

The Hanover Insurance Group (NYSE:THG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.14. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.30 billion. The Hanover Insurance Group had a return on equity of 5.83% and a net margin of 3.95%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 earnings per share. On average, equities research analysts forecast that The Hanover Insurance Group will post $6.07 earnings per share for the current year.

A number of equities analysts recently commented on THG shares. Zacks Investment Research cut The Hanover Insurance Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub upgraded The Hanover Insurance Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Keefe, Bruyette & Woods set a $91.00 target price on The Hanover Insurance Group and gave the company a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $93.00.

TRADEMARK VIOLATION WARNING: This report was posted by BBNS and is the sole property of of BBNS. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://baseballnewssource.com/markets/the-hanover-insurance-group-nysethg-receives-daily-news-impact-score-of-0-48-updated-updated-updated/1180280.html.

The Hanover Insurance Group Company Profile

The Hanover Insurance Group, Inc is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s).

Insider Buying and Selling by Quarter for The Hanover Insurance Group (NYSE:THG)

Receive News & Ratings for The Hanover Insurance Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hanover Insurance Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury


Leave a Reply

 
© 2006-2017 BBNS.