Morgan Stanley initiated coverage of The Hanover (THG) with an Equal Weight rating and $170 price target The firm says a supportive pricing and macro environment is likely to persist for 2025 and beyond for the excess and surplus market, providing a tailwind for property and casualty companies that can demonstrate underwriting discipline and pricing power. The analyst prefers Kinsale, Ryan Specialty, and Brown & Brown in the group. Morgan Stanley expects pricing to remain supportive of growth in the excess and surplus market.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on THG:
- The Hanover raises quarterly dividend to 90c per share from 85c
- The Hanover downgraded to Neutral at Janney after 40% rally
- The Hanover downgraded to Neutral from Buy at Janney Montgomery Scott
- The Hanover price target raised to $177 from $165 at Oppenheimer
- The Hanover price target raised to $175 from $162 at Piper Sandler
Questions or Comments about the article? Write to editor@tipranks.com