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NYSE:THG

The Hanover Insurance Group (THG) Stock Price, News & Analysis

The Hanover Insurance Group logo
$163.60 +0.86 (+0.53%)
(As of 11/22/2024 ET)

About The Hanover Insurance Group Stock (NYSE:THG)

Key Stats

Today's Range
$162.01
$164.99
50-Day Range
$144.81
$164.39
52-Week Range
$119.36
$165.27
Volume
209,039 shs
Average Volume
184,497 shs
Market Capitalization
$5.89 billion
P/E Ratio
16.23
Dividend Yield
2.08%
Price Target
$173.83
Consensus Rating
Moderate Buy

Company Overview

The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage. The Specialty segment provides professional and executive Lines, marine, and surety and other, as well as specialty property and casualty, such as program business, specialty industrial business, excess and surplus business, and specialty general liability coverage. The Personal Lines segment offers personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment advisory services to institutions, insurance companies, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.

The Hanover Insurance Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
92nd Percentile Overall Score

THG MarketRank™: 

The Hanover Insurance Group scored higher than 92% of companies evaluated by MarketBeat, and ranked 126th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    The Hanover Insurance Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    The Hanover Insurance Group has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about The Hanover Insurance Group's stock forecast and price target.
  • Earnings Growth

    Earnings for The Hanover Insurance Group are expected to grow by 19.77% in the coming year, from $11.43 to $13.69 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of The Hanover Insurance Group is 16.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.37.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of The Hanover Insurance Group is 16.23, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 39.16.

  • Price to Book Value per Share Ratio

    The Hanover Insurance Group has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about The Hanover Insurance Group's valuation and earnings.
  • Percentage of Shares Shorted

    0.70% of the float of The Hanover Insurance Group has been sold short.
  • Short Interest Ratio / Days to Cover

    The Hanover Insurance Group has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in The Hanover Insurance Group has recently decreased by 22.58%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    The Hanover Insurance Group pays a meaningful dividend of 2.09%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    The Hanover Insurance Group has been increasing its dividend for 19 years.

  • Dividend Coverage

    The dividend payout ratio of The Hanover Insurance Group is 33.73%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, The Hanover Insurance Group will have a dividend payout ratio of 24.84% next year. This indicates that The Hanover Insurance Group will be able to sustain or increase its dividend.

  • Read more about The Hanover Insurance Group's dividend.
  • Percentage of Shares Shorted

    0.70% of the float of The Hanover Insurance Group has been sold short.
  • Short Interest Ratio / Days to Cover

    The Hanover Insurance Group has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in The Hanover Insurance Group has recently decreased by 22.58%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    The Hanover Insurance Group has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.82 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for The Hanover Insurance Group this week, compared to 5 articles on an average week.
  • Search Interest

    4 people have searched for THG on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • MarketBeat Follows

    81 people have added The Hanover Insurance Group to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, The Hanover Insurance Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,054,037.00 in company stock.

  • Percentage Held by Insiders

    Only 2.40% of the stock of The Hanover Insurance Group is held by insiders.

  • Percentage Held by Institutions

    86.61% of the stock of The Hanover Insurance Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about The Hanover Insurance Group's insider trading history.
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THG Stock News Headlines

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Q3 2024 Hanover Insurance Group Inc Earnings Call
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THG Stock Analysis - Frequently Asked Questions

The Hanover Insurance Group's stock was trading at $121.42 at the start of the year. Since then, THG shares have increased by 34.7% and is now trading at $163.60.
View the best growth stocks for 2024 here
.

The Hanover Insurance Group, Inc. (NYSE:THG) announced its earnings results on Wednesday, October, 30th. The insurance provider reported $3.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.40. The company's revenue was up 3.2% on a year-over-year basis.

The Hanover Insurance Group subsidiaries include these companies: Verlan Holdings Inc., Chaucer Holdings plc, Campania Holding Company Inc., AIX Holdings Inc., Professionals Direct Inc., 440 Lincoln Street Holding Company LLC, AIXHI LLC, and others.

The Hanover Insurance Group's top institutional investors include Massachusetts Financial Services Co. MA (4.12%), State Street Corp (3.44%), Allspring Global Investments Holdings LLC (2.77%) and Victory Capital Management Inc. (2.22%). Insiders that own company stock include John C Roche, Jeffrey M Farber, Richard W Lavey, Mark Joseph Welzenbach, Willard T Lee, Warren E Barnes, Kathy S Lane and Jane D Carlin.
View institutional ownership trends
.

Shares of THG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that The Hanover Insurance Group investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM), Visa (V) and Broadcom (AVGO).

Company Calendar

Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Last Earnings
10/30/2024
Today
11/23/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/29/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
41086710
Employees
4,800
Year Founded
1852

Price Target and Rating

Average Stock Price Target
$173.83
High Stock Price Target
$177.00
Low Stock Price Target
$170.00
Potential Upside/Downside
+6.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$35.30 million
Pretax Margin
7.71%

Debt

Sales & Book Value

Annual Sales
$5.99 billion
Cash Flow
$1.98 per share
Book Value
$79.86 per share

Miscellaneous

Free Float
35,168,000
Market Cap
$5.89 billion
Optionable
Optionable
Beta
0.70

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This page (NYSE:THG) was last updated on 11/23/2024 by MarketBeat.com Staff
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