THG Stock Summary and Trading Ideas (Hanover Insurance Group | NYSE:THG)

The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.

Hanover Insurance Group trades on the NYSE stock market under the symbol THG.

As of April 19, 2024, THG stock price climbed to $131.08 with 203,670 million shares trading.

THG has a beta of 0.30, meaning it tends to be less sensitive to market movements. THG has a correlation of 0.03 to the broad based SPY ETF.

THG has a market cap of $4.70 billion. This is considered a Mid Cap stock.

Last quarter Hanover Insurance Group reported $1 billion in Revenue and $3.13 earnings per share. This fell short of revenue expectation by $-64 million and exceeded earnings estimates by $.40.

In the last 3 years, THG stock traded as high as $155.55 and as low as $103.83.

The top ETF exchange traded funds that THG belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

THG stock has underperformed the market in the last year with a return of +5.5%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in THG shares. However, THG has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and +0.5%, while SPY returned +4.3% and -3.5%, respectively. This indicates THG has been having a stronger performance recently.

THG support price is $125.37 and resistance is $129.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that THG stock will trade within this expected range on the day.