The Hanover Insurance Group, Inc.

NYSE:THG Stock Report

Market Cap: US$7.8b

Hanover Insurance Group Future Growth

Future criteria checks 0/6

Hanover Insurance Group's earnings are forecast to decline at 7.9% per annum while its annual revenue is expected to grow at 3.4% per year. EPS is expected to decline by 7.3% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

-7.9%

Earnings growth rate

-7.28%

EPS growth rate

Insurance earnings growth1.2%
Revenue growth rate3.4%
Future return on equity15.21%
Analyst coverage

Good

Last updated29 Jul 2026

Recent future growth updates

Recent updates

Seeking Alpha • 2h

The Hanover Insurance: Better Margins Justify A Premium Valuation

Summary The Hanover Insurance Group demonstrates strengthened profitability, driven by robust personal lines margin growth and improved risk underwriting. THG's Q2 2026 combined ratio improved to 91.2%, with personal lines segment operating profit nearly doubling and combined ratio dropping to 88.9%. Current valuation shows a 2.2x P/B and 10.45x P/E, reflecting optimism but leaving limited margin for error if catastrophic losses rise. I maintain a positive view on THG, with future share price growth hinging on sustaining a low combined ratio rather than revenue expansion. Read the full article on Seeking Alpha
Narrative Update • Jul 11

THG: Specialty Expansion And Capital Returns Will Support Measured Long-Term Outlook

Analysts have raised their price target for Hanover Insurance Group to $213.75 from $206.38, citing updated assumptions around revenue growth, profit margins, the discount rate, and future P/E levels. What’s in the News for Hanover Insurance Group Hanover Insurance Group is pursuing growth through disciplined underwriting, pricing actions, and a greater focus on specialty insurance, according to recent industry coverage.
Narrative Update • Jun 22

THG: Strong Buy Rating And Capital Returns Will Support Fair Value

Analysts have reaffirmed their price target on Hanover Insurance Group at $206.38, citing unchanged assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as support for keeping their outlook steady. What’s in the News for Hanover Insurance Group Zacks highlights The Hanover Insurance Group as a value stock with a Zacks Rank #1 (Strong Buy) and a Value Score of A, with earnings estimates upgraded by 9.5% over the past 60 days.
Narrative Update • Jun 06

THG: Stronger Earnings And Capital Returns Will Support A Fairly Valued Outlook

Analysts have revised their price target for Hanover Insurance Group to $206.38 from $199.38, citing updated assumptions regarding discount rates, revenue growth, profit margins and future P/E levels. What's in the News Hanover Insurance Group was upgraded to Zacks Rank #1 (Strong Buy) after first quarter 2026 operating income of $5.25 per share surpassed estimates, with Zacks highlighting improved underwriting profitability and a better consolidated combined ratio despite catastrophe losses.
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).
Narrative 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
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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.

Earnings and Revenue Growth Forecasts

NYSE:THG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20287,486N/AN/AN/A1
12/31/20276,954663N/AN/A4
12/31/20266,668672N/AN/A4
6/30/20266,764754N/AN/AN/A
3/31/20266,6937191,2491,258N/A
12/31/20256,5946611,1711,178N/A
9/30/20256,5076311,0021,011N/A
6/30/20256,407555848857N/A
3/31/20256,290438777787N/A
12/31/20246,237425796806N/A
9/30/20246,182365676685N/A
6/30/20246,133271502512N/A
3/31/20246,101161391402N/A
12/31/20235,99434350362N/A
9/30/20235,943-86454468N/A
6/30/20235,793-93543558N/A
3/31/20235,5820524540N/A
12/31/20225,469117705722N/A
9/30/20225,368292736752N/A
6/30/20225,277326709723N/A
3/31/20225,276433871882N/A
12/31/20215,228420816824N/A
9/30/20215,144423748756N/A
6/30/20215,119508780791N/A
3/31/20215,051494799813N/A
12/31/20204,825362693708N/A
9/30/20204,788306710726N/A
6/30/20204,753298664678N/A
3/31/20204,727268N/A605N/A
12/31/20194,891429N/A606N/A
9/30/20194,736321N/A642N/A
6/30/20194,688314N/A629N/A
3/31/20194,622311N/A677N/A
12/31/20184,494239N/A627N/A
9/30/20184,484309N/A613N/A
6/30/20184,403264N/A667N/A
3/31/20184,099221N/A695N/A
12/31/20174,268216N/A761N/A
9/30/20174,430132N/A743N/A
6/30/20174,586161N/A756N/A
3/31/20174,979123N/A716N/A
12/31/20164,05467N/A757N/A
9/30/20164,896246N/A644N/A
6/30/20164,888235N/A570N/A
3/31/20164,963354N/A436N/A
12/31/20155,034331N/A445N/A
9/30/20155,114343N/A511N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: THG's earnings are forecast to decline over the next 3 years (-7.9% per year).

Earnings vs Market: THG's earnings are forecast to decline over the next 3 years (-7.9% per year).

High Growth Earnings: THG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: THG's revenue (3.4% per year) is forecast to grow slower than the US market (12.5% per year).

High Growth Revenue: THG's revenue (3.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: THG's Return on Equity is forecast to be low in 3 years time (15.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/29 22:06
End of Day Share Price 2026/07/29 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 17 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jay GelbBarclays
Michael ZaremskiBMO Capital Markets Equity Research
Grace CarterBofA Global Research