Tower Group Stock Hits New 52-Week Low (TWGP)

NEW YORK (TheStreet) -- Tower Group (Nasdaq:TWGP) hit a new 52-week low Thursday as it is currently trading at $19.74, below its previous 52-week low of $19.78 with 6,983 shares traded as of 9:40 a.m. ET. Average volume has been 215,700 shares over the past 30 days. Tower Group has a market cap of $791.9 million and is part of the financial sector and insurance industry. Shares are down 0.4% year to date as of the close of trading on Wednesday. Tower Group, Inc., through its subsidiaries, provides commercial, specialty, and personal property and casualty insurance products and services to businesses in various industries and to individuals in the United States. The company has a P/E ratio of 14.6, below the average insurance industry P/E ratio of 14.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Tower Group as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Tower Group Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.

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