Sandler O’Neill analyst Paul Newsome downgraded Hanover Insurance (NYSE: THG) to Hold today. The company’s shares closed yesterday at $126.54, close to its 52-week high of $131.44.
According to TipRanks.com, Newsome is a 5-star analyst with an average return of 11.8% and a 79.4% success rate. Newsome covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Cincinnati Financial Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hanover Insurance with a $140 average price target.
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The company has a one-year high of $131.44 and a one-year low of $87.91. Currently, Hanover Insurance has an average volume of 158.5K.
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The Hanover Insurance Group, Inc. is a holding company that engages in the provision of property and casualty products and services. It operates through the following segments: Commercial Lines, Personal Lines, Chaucer and Other.
