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NYSE:THG

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

$146.83
-2.20 (-1.48%)
(As of 09/20/2024 ET)

About The Hanover Insurance Group Stock (NYSE:THG)

Key Stats

Today's Range
$146.33
$148.41
50-Day Range
$128.52
$149.58
52-Week Range
$108.03
$150.95
Volume
330,257 shs
Average Volume
175,000 shs
Market Capitalization
$5.28 billion
P/E Ratio
32.92
Dividend Yield
2.32%
Price Target
$157.80
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™

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Overall MarketRank™: 79th Percentile

The Hanover Insurance Group scored higher than 79% of companies evaluated by MarketBeat, and ranked 286th out of 905 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 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    The Hanover Insurance Group has only been the subject of 4 research reports in the past 90 days.

  • 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 24.79% in the coming year, from $10.85 to $13.54 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of The Hanover Insurance Group is 32.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.85.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of The Hanover Insurance Group is 32.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 33.98.

  • Price to Book Value per Share Ratio

    The Hanover Insurance Group has a P/B Ratio of 2.13. 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

    1.21% 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 2.2, 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 8.33%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    The Hanover Insurance Group pays a meaningful dividend of 2.28%, 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 76.23%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, The Hanover Insurance Group will have a dividend payout ratio of 25.11% 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

    1.21% 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 2.2, 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 8.33%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    The Hanover Insurance Group has a news sentiment score of 0.18. 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 0.67 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for The Hanover Insurance Group this week, compared to 4 articles on an average week.
  • Search Interest

    5 people have searched for THG on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added The Hanover Insurance Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 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 $1,766,623.00 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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The Hanover Insurance Group (NYSE:THG) Sets New 12-Month High at $150.95
See More Headlines

THG Stock Analysis - Frequently Asked Questions

The Hanover Insurance Group's stock was trading at $121.42 on January 1st, 2024. Since then, THG stock has increased by 20.9% and is now trading at $146.83.
View the best growth stocks for 2024 here
.

The Hanover Insurance Group, Inc. (NYSE:THG) announced its quarterly earnings data on Wednesday, July, 31st. The insurance provider reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. The firm's revenue was up 2.2% on a year-over-year basis.

The following companies are subsidiaries of The Hanover Insurance Group: 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 more.

Top institutional investors of The Hanover Insurance Group include Massachusetts Financial Services Co. MA (3.73%), Allspring Global Investments Holdings LLC (2.76%), Victory Capital Management Inc. (2.53%) and American Century Companies Inc. (2.23%). Insiders that own company stock include Jeffrey M Farber, John C Roche, 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 Marathon Petroleum (MPC), Phillips 66 (PSX), Wells Fargo & Company (WFC), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE) and QUALCOMM (QCOM).

Company Calendar

Ex-Dividend for 6/28 Dividend
6/13/2024
Dividend Payable
6/28/2024
Last Earnings
7/31/2024
Ex-Dividend for 9/27 Dividend
9/13/2024
Today
9/20/2024
Dividend Payable
9/27/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

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
$157.80
High Stock Price Target
$165.00
Low Stock Price Target
$144.00
Potential Upside/Downside
+6.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$35.30 million
Pretax Margin
5.64%

Debt

Sales & Book Value

Annual Sales
$6.11 billion
Cash Flow
$2.02 per share
Book Value
$68.94 per share

Miscellaneous

Free Float
35,080,000
Market Cap
$5.32 billion
Optionable
Optionable
Beta
0.70

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This page (NYSE:THG) was last updated on 9/20/2024 by MarketBeat.com Staff
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