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Monday, January 7, 2013

Potential Takeover Candidate? (NYSE: THG)

Shares of THG fell by 0.70% or $-0.28/share to $39.49. NYSE is trading at a price to book ratio of 0.65. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.3. The price to sales ratio came in at 0.39. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 296975 shares of THG exchange hands on a given day and today's volume is recorded at 179023. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

The Hanover Insurance Group, Inc. (THG) is a holding company.