Hanover Stock Flashes Improved Strength Amid Strong Investor Interest; Insurance Firm Nears Buy Zone As Profits Rebound

Mutual funds, insurance companies, retirement funds and other big investors are backing the truck up and loading up on Hanover stock. On Wednesday, the Relative Strength (RS) Rating for Hanover Insurance (THG) climbed to 74, up from 66 the prior trading session.


The 74 RS Rating means that Hanover stock is outperforming 74% of all stocks on key technical and fundamental metrics.

Decades of market research reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Hanover Insurance can continue to rebound and hit that benchmark.

Hanover Stock A Big Money Darling

Among other key ratings, Hanover stock has an A- Accumulation/Distribution Rating, on an A+ to E scale. The A- rating indicates that institutional investors are heavily buying its stock.

One reason is that earnings surged 75% last quarter to $2.85 per share. Revenue edged up 6% for the quarter to $1.29 billion. Earnings growth has been a bit erratic the past three quarters, growing 6% and 50%, then falling 26% before rebounding to growth last quarter. Revenue has been more a steady Eddie, rising 3%, 3% and 22% before easing to 6% last quarter.

The company holds the No. 13 rank among its peers in the Insurance-Property/Casualty/Title industry group. Stewart Information Services (STC) and First American Financial (FAF) are among the group’s highest-rated stocks.

Looking For The Best Stocks To Buy And Watch? Start Here

Hanover Insurance is trying to complete a flat base with a 143.30 entry. See if it can break out in volume at least 40% above average.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.


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