HANOVER INSURAN (THG) Downgraded by Zacks to UNDERPERFORM

Zacks Zacks Investment Research downgraded shares of HANOVER INSURAN (THG) from NEUTRAL to UNDERPERFORM on August 03, 2012, with a target price of $32.30.

Allmerica Financial Corp. is a non-insurance holding company. The Company offers financial products and services in two major areas: Risk Management and Asset Accumulation. Within these broad areas, the Company conducts business principally in three operating segments. These segments are Risk Management, Allmerica Financial Services, and Allmerica Asset Management. In addition to the three operating segments, the Company also has a Corporate segment, which consists primarily of cash, investments, Corporate debt and Capital Securities.

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