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

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.

Key Stats

• Today's Range: $152.69 to $155.48
• 50-Day Range: $147.14 to $165.01
• 52-Week Range: $119.36 to $166.13
• Volume: 507,865 shs
• Average Volume: 176,980 shs
• Market Capitalization: $5.55 billion
• P/E Ratio: 15.27
• Dividend Yield: 2.34%
• Price Target: $174.13
• Consensus Rating: Moderate Buy

The Hanover Insurance Group Stock Analysis - MarketRank™

The Hanover Insurance Group scored higher than 96% of companies evaluated by MarketBeat, and ranked 76th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

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 4 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

The Hanover Insurance Group has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 19.98%

Earnings Growth

Earnings for The Hanover Insurance Group are expected to grow by 19.98% in the coming year, from $11.41 to $13.69 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of The Hanover Insurance Group is 15.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of The Hanover Insurance Group is 15.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.96.

Price to Book Value per Share Ratio

The Hanover Insurance Group has a P/B Ratio of 2.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.59% 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 1.2, 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 33.06%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

The Hanover Insurance Group pays a meaningful dividend of 2.32%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

The Hanover Insurance Group has been increasing its dividend for 20 years.

Dividend Coverage

The dividend payout ratio of The Hanover Insurance Group is 35.71%. 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 26.30% next year. This indicates that The Hanover Insurance Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.59% 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 1.2, 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 33.06%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.91

News Sentiment

The Hanover Insurance Group has a news sentiment score of 0.91. 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 higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for The Hanover Insurance Group this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for THG on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added The Hanover Insurance Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -93% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $4,556,803.00 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.

THG Stock Analysis - Frequently Asked Questions

How have THG shares performed this year?

The Hanover Insurance Group's stock was trading at $121.42 at the beginning of the year. Since then, THG shares have increased by 26.8% and is now trading at $153.93.
View the best growth stocks for 2024 here.

How were The Hanover Insurance Group's earnings last quarter?

The Hanover Insurance Group, Inc. (NYSE:THG) issued its earnings results on Wednesday, October, 30th. The insurance provider reported $3.05 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.40. The Hanover Insurance Group's revenue for the quarter was up 3.2% compared to the same quarter last year.

Does The Hanover Insurance Group have any subsidiaries?

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.

Who are The Hanover Insurance Group's major shareholders?

Top institutional shareholders of The Hanover Insurance Group include Massachusetts Financial Services Co. MA (4.12%), State Street Corp (3.44%), Allspring Global Investments Holdings LLC (2.77%) and Franklin Resources Inc. (2.63%). 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.

How do I buy shares of The Hanover Insurance Group?

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.

What other stocks do shareholders of The Hanover Insurance Group own?

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
• Ex-Dividend for 12/27 Dividend: 12/13/2024
• Today: 12/21/2024
• Dividend Payable: 12/27/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Fire, marine, & casualty insurance
• Sub-Industry: Property & Casualty Insurance
• Current Symbol: NYSE:THG
• CUSIP: 41086710
• CIK: 944695
• Web: www.hanover.com
• Phone: (508) 855-1000
• Fax: 508-855-8078
• Employees: 4,800
• Year Founded: 1852

Price Target and Rating

• Average Stock Price Target: $174.13
• High Stock Price Target: $180.00
• Low Stock Price Target: $170.00
• Potential Upside/Downside: +13.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $10.08
• Trailing P/E Ratio: 15.27
• Forward P/E Ratio: 13.49
• P/E Growth: N/A
• Net Income: $35.30 million
• Net Margins: 5.92%
• Pretax Margin: 7.71%
• Return on Equity: 15.53%
• Return on Assets: 2.72%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 0.40
• Quick Ratio: 0.40

Sales & Book Value

• Annual Sales: $6.16 billion
• Price / Sales: 0.90
• Cash Flow: $1.94 per share
• Price / Cash Flow: 79.40
• Book Value: $68.94 per share
• Price / Book: 2.23

Miscellaneous

• Outstanding Shares: 36,033,000
• Free Float: 35,168,000
• Market Cap: $5.55 billion
• Optionable: Optionable
• Beta: 0.71