Hanover Bancorp Reports Third Quarter 2024 Results and Declares Quarterly Dividend
THG Stock | USD 160.99 0.00 0.00% |
Roughly 61% of Hanover Insurance's investor base is looking to short. The analysis of the overall prospects from investing in The Hanover Insurance suggests that many traders are, at the present time, alarmed. The current market sentiment, together with Hanover Insurance's historical and current headlines, can help investors time the market. In addition, many technical investors use Hanover Insurance stock news signals to limit their universe of possible portfolio assets.
Hanover |
Hanover Bancorp, Inc., a New York-based financial institution, filed a Form 8-K with the SEC on October 23, 2024, detailing its financial results for the quarter ended September 30, 2024. The company reported net income of 3.5 million or 0.48 per diluted share, including Series A preferred shares, for the mentioned period. Adjusted non-GAAP net
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Hanover Insurance Current Investor Sentiment
Comfort Level 39
Alarmed
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Hanover Insurance's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward The Hanover Insurance.
News SentimentBullish | Hype SentimentBearish | Insider SentimentDisposing |
Hanover Insurance Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Hanover Insurance can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Hanover Insurance Historical Investor Sentiment
Investor biases related to Hanover Insurance's public news can be used to forecast risks associated with an investment in Hanover. The trend in average sentiment can be used to explain how an investor holding Hanover can time the market purely based on public headlines and social activities around The Hanover Insurance. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Hanover Insurance's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Hanover Insurance and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Hanover Insurance news discussions. The higher the estimate score, the more favorable the investor's outlook on Hanover Insurance.
Hanover Insurance Maximum Pain Price Across May 16th 2025 Option Contracts
Hanover Insurance's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Hanover Insurance close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Hanover Insurance's options.
Hanover Insurance Fundamental Analysis
We analyze Hanover Insurance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hanover Insurance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hanover Insurance based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Return On Equity
Return On Equity Comparative Analysis
Hanover Insurance is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Hanover Insurance Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hanover Insurance stock to make a market-neutral strategy. Peer analysis of Hanover Insurance could also be used in its relative valuation, which is a method of valuing Hanover Insurance by comparing valuation metrics with similar companies.
Peers
Hanover Insurance Related Equities
DGICB | Donegal Group | 7.14 | ||||
DGICA | Donegal Group | 2.23 | ||||
SIGI | Selective Insurance | 1.64 | ||||
NODK | NI Holdings | 0.35 | ||||
WTM | White Mountains | 0.29 | ||||
ARGO-PA | Argo Group | 0.20 | ||||
WRB-PE | W R | 0.09 | ||||
GBLI | Global Indemnity | 0.53 | ||||
HMN | Horace Mann | 0.54 | ||||
ALL | Allstate | 1.08 | ||||
KMPR | Kemper | 1.25 | ||||
RLI | RLI Corp | 1.34 | ||||
CB | Chubb | 1.37 | ||||
TRV | Travelers Companies | 1.45 | ||||
CNA | CNA Financial | 1.48 | ||||
PGR | Progressive Corp | 1.83 |
Complementary Tools for Hanover Stock analysis
When running Hanover Insurance's price analysis, check to measure Hanover Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanover Insurance is operating at the current time. Most of Hanover Insurance's value examination focuses on studying past and present price action to predict the probability of Hanover Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Insurance's price. Additionally, you may evaluate how the addition of Hanover Insurance to your portfolios can decrease your overall portfolio volatility.
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