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Stifel Nicolaus is out with its report today on Hanover Insurance Group
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.
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