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The Hanover Insurance Group (THG) underwrites commercial and personal property, and casualty insurance coverage in the United States.
It operates in four segments: Commercial Lines, Personal Lines, Chaucer, and Other Property and Casualty.
The Commercial Lines segment provides commercial multiple peril; commercial automobile; workers compensation; and other commercial coverages, including AIX program business, inland marine, and surety, as well as management and professional liability, specialty property, healthcare, umbrella and monoline general liability, and fire.
The Personal Lines segment offers personal automobile and homeowners, as well as other personal lines, such as personal inland marine, umbrella, fire, personal watercraft, earthquake, and other miscellaneous coverages. The Chaucer segment provides marine and aviation, energy, property, and motor, as well as casualty and other coverages, which include liability coverage for professional and commercial risks, crime and professional liability coverage for financial institutions, medical malpractice, and workers compensation. The Other Property and Casualty segment provides investment advisory services; and manages assets for unaffiliated institutions, such as insurance companies, retirement plans, and foundations.
Shares have formed a bullish "cup & handle" and higher prices are expected for this stock.
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
52-Week Trading Range: $33.60 - $52.55
Entry Point: $50.85
Stop Loss: $48.35
Target Price: $55.95
THG fell below our stop loss. It was closed at $48.35.
