Keep Your Eyes on This Stock: The Hanover Insurance Group, Inc. (NYSE: THG)

The Hanover Insurance Group, Inc. (NYSE: THG) spotted trading -14.90% off 52-week high price. On the other end, the stock has been noted 15.82% away from the low price over the last 52-weeks. The stock changed -1.82% to recent value of $111.86. The stock transacted 208993 shares during most recent day however it has an average volume of 187.96K shares. The company has 42.72M of outstanding shares and 42.26M shares were floated in the market.

The Hanover Insurance Group, Inc. (NYSE:THG) reported Kevin Leach has been appointed as the head of its financial institutions portfolio. In this role, Leach is responsible for leading The Hanover’s specialized insurance products and services for financial institutions.

Under Leach’s direction, The Hanover will continue to build market-leading financial services capabilities that offer total account solutions across both its commercial and specialty businesses. In addition, the company will offer top-tier risk solutions for targeted small and middle market financial institutions, including asset managers, regional banks and other financial services organizations.

Leach is an accomplished underwriter and leader with deep experience in the financial institution insurance industry. Most recently, he served as national product leader and deputy regional head for financial institutions at Allianz Global Corporate & Specialty (“AGCS”). In this capacity, Leach established and executed national marketing strategies for financial institutions, managed the underwriting staff across financial services, and significantly expanded the company’s financial institutions business. Prior to his tenure at AGCS, he spent 10 years at CNA Insurance, including two years as the underwriting director and segment leader for New York City. Leach is a graduate of Saint John’s University and earned a Master of Business Administration degree from Baruch College.

“The expansion of our financial institutions capability reflects our ongoing commitment to continually enhance our suite of first rate management and executive liability products and services to meet the needs of our agent partners,” said Bryan J. Salvatore, president, specialty at The Hanover. “We are very pleased to have Kevin join our organization. He brings a wide breadth of skills and expertise, and will help us continue to support our agents’ existing business and to expand our ability to acquire new business.”

Its earnings per share (EPS) expected to touch remained 45.00% for this year while earning per share for the next 5-years is expected to reach at -1.10%. THG has an operating margin of 7.10% while its profit margin remained 4.30% for the last 12 months.

The price moved ahead of -5.54% from the mean of 20 days, -8.66% from mean of 50 days SMA and performed -5.35% from mean of 200 days price. Company’s performance for the week was -4.99%, -6.71% for month and YTD performance remained 3.50%.

 

About the Author

Jose Tuttle
Jose Tuttle
Jose Tuttle joined the mostvolatilestocks.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Jose is the Senior Editor for mostvolatilestocks.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children. Email Contact -  Jose@mostvolatilestocks.com.

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