Markets
THG

Is The Hanover Insurance Group (THG) Stock Outpacing Its Finance Peers This Year?

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. The Hanover Insurance Group (THG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of THG and the rest of the Finance group's stocks.

The Hanover Insurance Group is a member of the Finance sector. This group includes 822 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. THG is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for THG's full-year earnings has moved 0.58% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

According to our latest data, THG has moved about 15.52% on a year-to-date basis. At the same time, Finance stocks have lost an average of 0.06%. This means that The Hanover Insurance Group is outperforming the sector as a whole this year.

To break things down more, THG belongs to the Insurance - Property and Casualty industry, a group that includes 48 individual companies and currently sits at #123 in the Zacks Industry Rank. Stocks in this group have gained about 5.18% so far this year, so THG is performing better this group in terms of year-to-date returns.

Investors in the Finance sector will want to keep a close eye on THG as it attempts to continue its solid performance.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The Hanover Insurance Group, Inc. (THG): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

THG

Other Topics

Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More