Investors focused on the Finance space have likely heard of The Hanover Insurance Group (THG), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
The Hanover Insurance Group is one of 819 companies in the Finance group. The Finance group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. THG is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for THG's full-year earnings has moved 0.58% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, THG has returned 17.08% so far this year. In comparison, Finance companies have returned an average of 0.37%. This means that The Hanover Insurance Group is performing better than its sector in terms of year-to-date returns.
Breaking things down more, THG is a member of the Insurance - Property and Casualty industry, which includes 48 individual companies and currently sits at #114 in the Zacks Industry Rank. On average, stocks in this group have gained 6.06% this year, meaning that THG is performing better in terms of year-to-date returns.
Investors in the Finance sector will want to keep a close eye on THG as it attempts to continue its solid performance.
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