Barclays Cuts PT and Estimates on The Hanover Insurance Group (THG); Weaker Auto & Surety
Get Alerts THG Hot Sheet
Price: $131.35 -0.96%
Rating Summary:
12 Buy, 6 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
12 Buy, 6 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on The Hanover Insurance Group (NYSE: THG) price target of $37.00 (from $41.00).
Analyst, Sarah DeWitt, said, "We lower our 2012 EPS estimate for THG to $2.80 from $3.20 and our 2013 EPS estimate to $3.50 from $3.75...THG's ROE is expected to remain below its cost of capital and the potential for further reserve strengthening is a risk. Also, THG's acquisition of Chaucer increases its exposure to high severity business and expands THG's business outside its core operations. That said, THG trades at 0.57x 2Q12 BV, in line with its historical low."
For an analyst ratings summary and ratings history on The Hanover Insurance Group click here. For more ratings news on The Hanover Insurance Group click here.
Shares of The Hanover Insurance Group closed at $33.99 yesterday.
Analyst, Sarah DeWitt, said, "We lower our 2012 EPS estimate for THG to $2.80 from $3.20 and our 2013 EPS estimate to $3.50 from $3.75...THG's ROE is expected to remain below its cost of capital and the potential for further reserve strengthening is a risk. Also, THG's acquisition of Chaucer increases its exposure to high severity business and expands THG's business outside its core operations. That said, THG trades at 0.57x 2Q12 BV, in line with its historical low."
For an analyst ratings summary and ratings history on The Hanover Insurance Group click here. For more ratings news on The Hanover Insurance Group click here.
Shares of The Hanover Insurance Group closed at $33.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Comcast Corp (CMCSA) PT Lowered to $48 at Pivotal Research
- Keefe, Bruyette & Woods Upgrades Trustmark (TRMK) to Outperform
- TechnipFMC (FTI) PT Raised to $30 at BTIG
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!