Stifel Nicolaus Maintains Hold on Hanover Insurance Group
Stifel Nicolaus is out with its report today on Hanover Insurance Group (NYSE: THG), maintaining Hold.
In its report, Stifel Nicolaus writes, "We believe THG is headed in the right direction with its transformational acquisition of Chaucer. It should provide a significant buffer to the company's historical volatility in earnings stream given the geographic and product diversification. Q3 is a good example as the Chaucer acquisition is likely to provide a modest amount of steadiness in earnings during a period of extreme volatility."
At the time of posting, shares of THG were trading at $35.01, down 3.37% from Wednesday's close.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.