Hanover Insurance Group (THG) Stock Overview
Through its subsidiaries, provides various property and casualty insurance products and services for individuals and businesses in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
THG Community Fair Values
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Analyst Price Targets
The Hanover Insurance Group, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$189.89 |
| 52 Week High | US$191.66 |
| 52 Week Low | US$160.70 |
| Beta | 0.32 |
| 1 Month Change | 7.42% |
| 3 Month Change | 8.87% |
| 1 Year Change | 13.32% |
| 3 Year Change | 57.99% |
| 5 Year Change | 33.10% |
| Change since IPO | 683.05% |
Recent News & Updates
Narrative Update • May 02
THG: Share Repurchases And Softer Assumptions Will Shape A Fairly Valued Outlook
Analysts have slightly reduced Hanover Insurance Group's price target from about $199.75 to roughly $199.38, reflecting updated assumptions for softer revenue growth, lower profit margins, and a higher future P/E multiple. What's in the News From January 1, 2026 to April 28, 2026, Hanover Insurance Group repurchased 580,000 shares, about 1.64% of its shares, for US$101 million under its ongoing buyback program (Key Developments).Seeking Alpha • Mar 31
Hanover Insurance: Why I Am More Conservative
Summary The Hanover Insurance Group, Inc. is a well-capitalized P&C insurer, but I see market optimism as excessive given sector headwinds. THG's recent strong results were driven by exceptional premium increases, which I view as unsustainable and unlikely to repeat. I assign a $125/share price target and a Hold rating to THG stock, citing unattractive risk/reward and projected AEPS declines through 2028. Competitive pressures, NatCat risk, and a low dividend yield further limit THG's upside relative to peers and the broader market. Read the full article on Seeking AlphaRecent updates
Narrative Update • May 02
THG: Share Repurchases And Softer Assumptions Will Shape A Fairly Valued Outlook
Analysts have slightly reduced Hanover Insurance Group's price target from about $199.75 to roughly $199.38, reflecting updated assumptions for softer revenue growth, lower profit margins, and a higher future P/E multiple. What's in the News From January 1, 2026 to April 28, 2026, Hanover Insurance Group repurchased 580,000 shares, about 1.64% of its shares, for US$101 million under its ongoing buyback program (Key Developments).Seeking Alpha • Mar 31
Hanover Insurance: Why I Am More Conservative
Summary The Hanover Insurance Group, Inc. is a well-capitalized P&C insurer, but I see market optimism as excessive given sector headwinds. THG's recent strong results were driven by exceptional premium increases, which I view as unsustainable and unlikely to repeat. I assign a $125/share price target and a Hold rating to THG stock, citing unattractive risk/reward and projected AEPS declines through 2028. Competitive pressures, NatCat risk, and a low dividend yield further limit THG's upside relative to peers and the broader market. Read the full article on Seeking AlphaNarrative Update • Mar 27
THG: Ongoing Share Repurchases Will Support Future Upside In An Undervalued Position
Analysts have kept their price target for The Hanover Insurance Group steady at $199.75, citing essentially unchanged fair value, discount rate, revenue growth, profit margin, and forward P/E assumptions in their latest update. What's in the News From October 1, 2025 to January 31, 2026, Hanover Insurance Group repurchased 561,000 shares for US$99 million, representing 1.57% of its shares.Narrative Update • Mar 12
THG: Share Repurchases Will Support Future Upside In An Undervalued Position
Analysts have slightly increased their fair value estimate for Hanover Insurance Group from $199.63 to $199.75, reflecting updated assumptions around profit margin, revenue growth, discount rate, and future P/E. What's in the News From October 1, 2025 to January 31, 2026, Hanover Insurance Group repurchased 561,000 shares for US$99 million, accounting for 1.57% of its shares.Narrative Update • Feb 25
THG: Share Repurchases And Dividend Policy Will Support Future Upside
Analysts have trimmed their price target for Hanover Insurance Group to $199.63, a move they link to slightly more conservative assumptions on future P/E multiples, while keeping fair value, discount rate, revenue growth, and profit margin estimates effectively unchanged. What's in the News From October 1, 2025 to January 31, 2026, Hanover Insurance Group repurchased 561,000 shares, representing 1.57% of its stock, for US$99 million under its ongoing buyback program (Key Developments).Narrative Update • Feb 10
THG: Share Repurchases And Dividend Will Support Attractive Future Upside
The analyst price target for Hanover Insurance Group has shifted slightly higher to about $199.63 from $199.50. Analysts cite updated assumptions on revenue growth, profit margins, the discount rate and projected P/E as the main drivers of this fine-tuning.Narrative Update • Jan 26
THG: Dividend And Buyback Momentum Will Support Attractive Future Upside
Analysts have trimmed their price target on Hanover Insurance Group by about $1, to roughly $200. This reflects slightly updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.Narrative Update • Jan 11
THG: Dividend Increase And Buybacks Will Support A Stronger Future Outlook
Analysts have modestly revised their price outlook on Hanover Insurance Group, with the updated target now aligned to an implied fair value of about US$200.13 per share. This reflects small tweaks to discount rate, revenue growth, profit margin, and forward P/E assumptions.Narrative Update • Dec 16
THG: Dividend Hike And Share Repurchases Will Shape A Balanced Outlook
Analysts have adjusted their price target on Hanover Insurance Group slightly higher to approximately $200.13 per share, reflecting modest refinements to long term assumptions around discount rates, revenue growth, profit margins, and valuation multiples. What's in the News The board approved an increase in the quarterly dividend to $0.95 per share, payable December 26, 2025, to shareholders of record on December 12, 2025 (Key Developments).Analysis Article • Dec 04
Hanover Insurance Group (NYSE:THG) Has Announced That It Will Be Increasing Its Dividend To $0.95
The Hanover Insurance Group, Inc. ( NYSE:THG ) will increase its dividend on the 26th of December to $0.95, which is...Narrative Update • Dec 01
THG: New Modular Insurance Product And Ongoing Buybacks Will Influence Outlook
Analysts have marginally increased their price target for Hanover Insurance Group from $199.71 to $200.13, citing slight improvements in profit margin forecasts and a modest adjustment to revenue growth expectations. What's in the News The Hanover Insurance Group has launched HSIP Advantage, a new modular property product designed for small to mid-sized businesses handling high-hazard materials.Narrative Update • Nov 17
THG: New Product Launches And Share Buybacks Will Shape Near-Term Outlook
Analysts have modestly increased their price target for Hanover Insurance Group from $199.43 to $199.71. They cite slightly stronger revenue growth projections that offset a minor dip in profit margin estimates.Narrative Update • Nov 01
THG: Expanding Life Sciences Coverage Will Drive Future Outperformance
Analysts have raised their price target for Hanover Insurance Group from $197.00 to $199.43, citing expectations for stronger revenue growth and a modestly higher projected valuation, even though profit margins are expected to soften slightly. What's in the News From July 1, 2025 to October 27, 2025, Hanover Insurance Group repurchased 323,000 shares, representing 0.9 percent of shares outstanding, for $55 million (Key Developments).Seeking Alpha • Sep 29
The Hanover Insurance: Q2 Improvement And Future Growth Indicators
Summary Hanover Insurance Group showed Q2 top and bottom-line growth as well as indicators of future growth and a positive analyst EPS consensus. The dividend yield of 2.3% beats key peers and the firm has a 5-year steady dividend growth history, and indicators of dividend sustainability supported by positive cash flow. The firm is exposed to a diversified, investment-grade asset portfolio that could be impacted by Fed decisions on interest rates. A key risk is exposure to weather catastrophic events which could drive future spikes in benefit payouts, impacting earnings. Although the stock is trading well above its moving average, it is undervalued on forward P/E ratios. Read the full article on Seeking Alpha
New Narrative • Aug 30
Innovative Strategies And Tech Investments Set To Bolster Profitability In Insurance Sector
Focused catastrophe mitigation efforts in both Personal and Core Commercial lines aim to reduce claims and enhance profitability through higher deductibles and pricing adjustments.Seeking Alpha • Feb 05
Hanover Insurance Group: Improvement In Net Income Growth Encouraging
Summary Hanover Insurance Group's net income growth and return on equity improvement are key factors for a bullish view of the stock. The company's performance in Q4 2023 showed slower growth in net premiums written but a significant reduction in the combined ratio. The growth trajectory of THG stock could be positive if there is continued improvement in net income and return on equity. Read the full article on Seeking AlphaSeeking Alpha • Nov 14
Hanover Insurance: Lower Combined Ratio Encouraging, But Further Net Income Growth Needed
Summary Hanover Insurance Group has seen a decrease in the combined ratio (excluding catastrophic losses), which is encouraging. However, return on equity remains negative. I take the view that Hanover Insurance Group needs to see significant net income growth to justify further upside. Read the full article on Seeking AlphaShareholder Returns
| THG | US Insurance | US Market | |
|---|---|---|---|
| 7D | 3.6% | -0.7% | 2.6% |
| 1Y | 13.3% | -10.0% | 26.2% |
Return vs Industry: THG exceeded the US Insurance industry which returned -9.9% over the past year.
Return vs Market: THG underperformed the US Market which returned 31.1% over the past year.
Price Volatility
| THG volatility | |
|---|---|
| THG Average Weekly Movement | 3.0% |
| Insurance Industry Average Movement | 4.3% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: THG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: THG's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1852 | 4,900 | Jack Roche | www.hanover.com |
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services for individuals and businesses in the United States. It operates in four segments: Core Commercial, Specialty, Personal Lines, and Other. The company offers commercial multiple peril, commercial automobile, workers’ compensation, and other core commercial coverage; and professional and executive lines, marine, and surety and other, as well as specialty property and casualty products comprising Hanover program business, excess and surplus business, Hanover specialty industrial, and specialty general liability business coverage.
The Hanover Insurance Group, Inc. Fundamentals Summary
| THG fundamental statistics | |
|---|---|
| Market cap | US$6.62b |
| Earnings (TTM) | US$719.30m |
| Revenue (TTM) | US$6.69b |
9.2x
P/E Ratio1.0x
P/S RatioIs THG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| THG income statement (TTM) | |
|---|---|
| Revenue | US$6.69b |
| Cost of Revenue | US$5.04b |
| Gross Profit | US$1.66b |
| Other Expenses | US$937.20m |
| Earnings | US$719.30m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 20.56 |
| Gross Margin | 24.75% |
| Net Profit Margin | 10.75% |
| Debt/Equity Ratio | 23.6% |
How did THG perform over the long term?
See historical performance and comparisonDividends
2.0%
Current Dividend Yield18%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 12:38 |
| End of Day Share Price | 2026/05/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
The Hanover Insurance Group, Inc. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jay Gelb | Barclays |
| Michael Zaremski | BMO Capital Markets Equity Research |
| Grace Carter | BofA Global Research |