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THG - Hanover Insurance Group: Personal Lines Continues To Place Pressure On Earnings
August, 08 2023 02:27 AM
Hanover Insurance Group Inc
2023-08-08 02:27:22 ET
Summary Hanover Insurance Group needs to see a substantial rebound in earnings and recovery in the Personal Lines segment to justify upside in the stock. While premium growth across this segment has continued - the segment has seen a loss due to the impact of catastrophic losses and higher costs. The company's price-to-book ratio remains elevated as compared to previous years. I do not see a case for an upside in the stock at this point in time. For further details see:
Hanover Insurance Group: Personal Lines Continues To Place Pressure On Earnings
Stock Information
Company Name:
Hanover Insurance Group Inc
Stock Symbol:
THG
Market:
NYSE
Website:
hanover.com
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