Hanover Insurance Group's (THG) overall growth this year is likely to beat guidance after delivering "strong" Q1 results, Oppenheimer said in a note emailed Friday.
The investment firm said it now expects earnings of $15 per share for 2025, versus its prior estimate of $14.74, reflecting the Q1 beat and lower catastrophe loss assumption for Q2.
"Recent investment portfolio repositioning should bode well for net investment income throughout 2025, where we expect overall growth to beat guidance," Oppenheimer said.
Oppenheimer said it continues to value Hanover's disciplined underwriting in the face of market uncertainty due to tariff risks, particularly in casualty lines.
Oppenheimer raised its price target on Hanover's stock to $195 from $185 and maintained its outperform rating.
Price: 169.30, Change: +3.71, Percent Change: +2.24
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。