Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. The Hanover Insurance Group (THG - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of THG and the rest of the Finance group's stocks.
The Hanover Insurance Group is a member of the Finance sector. This group includes 822 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. THG is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for THG's full-year earnings has moved 0.58% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, THG has moved about 15.52% on a year-to-date basis. At the same time, Finance stocks have lost an average of 0.06%. This means that The Hanover Insurance Group is outperforming the sector as a whole this year.
To break things down more, THG belongs to the Insurance - Property and Casualty industry, a group that includes 48 individual companies and currently sits at #123 in the Zacks Industry Rank. Stocks in this group have gained about 5.18% so far this year, so THG is performing better this group 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.