Hanover Insurance Group Inc (NYSE: THG) has reported earnings for its first fiscal quarter (ending March 31) of $3.23 versus a loss $-0.34 for the same period a year ago. This result fell short of the consensus estimate of $3.60 by $-0.37. For the latest four quarters through March 31, E.P.S. were $4.51 versus $-0.01 for the same period a year ago.
Recent Price Action
Hanover Insurance Group Inc (NYSE: THG) stock increased 1.0% on 5/1/24. The shares closed at $131.15. Moreover, trading volume in this advance was above average at 127% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.8% during the last week.
Current PriceTarget Research Rating
THG is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Hanover Insurance Group has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hanover Insurance Group has a slightly negative Appreciation Score of 39 but a good Power Rating of 83, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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