NYSE:THG

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

$110.00

-0.98 (-0.88%)

(As of 10/2/2023 ET)

Compare

Today's Range: $108.03
▼
$110.28
50-Day Range: $104.22
▼
$114.26
52-Week Range: $103.82
▼
$148.78

Volume: 194,397 shs
Average Volume: 181,140 shs
Market Capitalization: $3.93 billion

P/E Ratio: N/A
Dividend Yield: 2.95%
Price Target: $143.29

The Hanover Insurance Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 30.3% Upside
$143.29 Price Target
Short Interest: Healthy
1.19% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.88
Based on 3 Articles This Week
Insider Trading: Selling Shares
$142,094 Sold Last Quarter
Proj. Earnings Growth: 280.98%
From $3.05 to $11.62 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Finance Sector

106th out of 878 stocks

Fire, Marine, & Casualty Insurance Industry

3rd out of 49 stocks

3.3

Analyst's Opinion

Consensus Rating
The Hanover Insurance Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $143.29, The Hanover Insurance Group has a forecasted upside of 30.3% from its current price of $110.00.
Amount of Analyst Coverage
The Hanover Insurance Group has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.19% 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 2.3, 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 increased by 17.36%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
The Hanover Insurance Group pays a meaningful dividend of 2.92%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The Hanover Insurance Group has been increasing its dividend for 18 years.
Dividend Sustainability
Based on earnings estimates, The Hanover Insurance Group will have a dividend payout ratio of 27.88% next year. This indicates that The Hanover Insurance Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for THG.

2.2

News and Social Media Coverage

News Sentiment
The Hanover Insurance Group has a news sentiment score of 0.88. 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 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for The Hanover Insurance Group this week, compared to 3 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 -67% compared to the previous 30 days.

2.5

Company Ownership

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 $142,094.00 in company stock.
Percentage Held by Insiders
Only 2.50% of the stock of The Hanover Insurance Group is held by insiders.
Percentage Held by Institutions
84.89% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for The Hanover Insurance Group are expected to grow by 280.98% in the coming year, from $3.05 to $11.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Hanover Insurance Group is -42.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Hanover Insurance Group is -42.31, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
The Hanover Insurance Group has a PEG Ratio of 0.99. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
The Hanover Insurance Group has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About The Hanover Insurance Group (NYSE:THG) Stock

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 P&C, such as program business, specialty industrial and commercial property, excess and surplus lines, 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 management services to institutions, 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.

THG Price History

30 days | 90 days | 365 days | Advanced Chart

THG Stock News Headlines

September 28, 2023 | finance.yahoo.com

The Hanover Finds Homeowners Vulnerable to the Threat of Water-Related Damage

September 13, 2023 | finance.yahoo.com

The Hanover Recognized on TIME's List of World's Best Companies; Newsweek's List of America's Best Customer Service Organizations

October 2, 2023 | Behind the Markets (Ad)

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September 11, 2023 | seekingalpha.com

The Hanover Insurance: 3% Dividend Yield And Modest Buy Rating

August 31, 2023 | markets.businessinsider.com

BMO Capital upgrades Hanover Insurance (THG) to a Buy

August 22, 2023 | finance.yahoo.com

The Hanover Insurance Group to Present at the Keefe, Bruyette & Woods Insurance Conference on September 7

August 17, 2023 | finance.yahoo.com

The Hanover Appoints Charles F. Hamann to President of Small Commercial

August 15, 2023 | markets.businessinsider.com

Hanover Insurance Ailed By Higher Core & Catastrophe Losses - What Does The Future Hold?

October 2, 2023 | Behind the Markets (Ad)

How A.I. Could Make Most 21st Century Diseases EXTINCT

August 8, 2023 | seekingalpha.com

Hanover Insurance Group: Personal Lines Continues To Place Pressure On Earnings

August 4, 2023 | finance.yahoo.com

Should You be Confident in The Hanover Insurance Group (THG)?

August 3, 2023 | msn.com

Hanover Insurance Group (THG) Price Target Decreased by 5.90% to 141.10

August 3, 2023 | finanznachrichten.de

The Hanover Insurance Group, Inc.: The Hanover Reports Second Quarter Results

August 3, 2023 | markets.businessinsider.com

The Hanover Insurance Group Q2 Earnings Summary

August 3, 2023 | finance.yahoo.com

The Hanover Reports Second Quarter Results

July 20, 2023 | finanznachrichten.de

The Hanover Insurance Group, Inc.: The Hanover Estimates Second Quarter Catastrophe Losses and Preliminary Results

July 20, 2023 | finance.yahoo.com

Facing Big Storm Losses, Insurers Aim to Boost Rates

July 20, 2023 | markets.businessinsider.com

Hanover Insurance Sees Loss In Q2 Amid $262 Mln Catastrophe Losses; Stock Down In Premarket

July 20, 2023 | finance.yahoo.com

The Hanover Estimates Second Quarter Catastrophe Losses and Preliminary Results

July 13, 2023 | prnewswire.com

The Hanover Recognized as a Best Place to Work by U.S. News & World Report, Disability Equality Index

June 17, 2023 | uk.finance.yahoo.com

THG - The Hanover Insurance Group, Inc.

June 6, 2023 | msn.com

Hanover Insurance declares $0.81 dividend

May 18, 2023 | msn.com

B of A Securities Downgrades Hanover Insurance Group (THG)

May 4, 2023 | finance.yahoo.com

Hanover Insurance Group First Quarter 2023 Earnings: Revenues Beat Expectations, EPS Lags

May 4, 2023 | finanznachrichten.de

The Hanover Insurance Group, Inc.: The Hanover Reports First Quarter Results

May 4, 2023 | seekingalpha.com

Hanover Insurance: Rising Costs Placing Upward Pressure On Combined Ratio

May 2, 2023 | msn.com

Hanover Insurance Group (THG) Tops Q1 Earnings and Revenue Estimates

See More Headlines

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THG Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Today: 10/02/2023
Next Earnings (Confirmed): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Sector: Finance
Current Symbol: NYSE:THG
CUSIP: 41086710
CIK: 944695
Web: www.hanover.com
Phone: (508) 855-1000
Fax: 508-855-8078
Employees: 4,600
Year Founded: 1852

Price Target and Rating

Average Stock Price Forecast: $143.29
High Stock Price Forecast: $164.00
Low Stock Price Forecast: $120.00
Forecasted Upside/Downside: +30.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.60)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 36.06
P/E Growth: 0.99
Net Income: $116 million
Net Margins: -1.60%
Pretax Margin: -2.11%
Return on Equity: -2.83%
Return on Assets: -0.47%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 0.37
Quick Ratio: 0.37

Sales & Book Value

Annual Sales: $5.47 billion
Price / Sales: 0.72
Cash Flow: $6.08 per share
Price / Cash Flow: 18.08
Book Value: $65.39 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 35,750,000
Free Float: 34,860,000
Market Cap: $3.93 billion
Optionable: Optionable
Beta: 0.66

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Key Executives

Mr. John Conner Roche (Age 59)
Pres, CEO & Director
Comp: $2.87M

Mr. Jeffrey Mark Farber (Age 58)
Exec. VP & CFO
Comp: $1.59M

Mr. Dennis Francis Kerrigan Jr. (Age 58)
Exec. VP, Assistant Sec. & Chief Legal Officer
Comp: $974.99k

Mr. Richard William Lavey (Age 55)
Exec. VP & Pres of Hanover Agency Markets
Comp: $1.27M

Mr. Bryan James Salvatore (Age 58)
Exec. VP & Pres of Specialty
Comp: $1.2M

Ms. Lindsay France Greenfield
Sr. VP & Chief investment Officer

Ms. Oksana Lukasheva
Sr. VP of Corp. Fin.

Mr. Willard Ty-Lunn Lee (Age 53)
Exec. VP, Chief Information & Innovation Officer

Jennifer F. Luisa
Sr. VP & Chief Marketing Officer

Ms. Denise Tinger Maureen Lowsley B.A. (Age 52)
Exec. VP & Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

THG Stock - Frequently Asked Questions

Should I buy or sell The Hanover Insurance Group stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Hanover Insurance Group in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" THG shares.
View THG analyst ratings or view top-rated stocks.
What is The Hanover Insurance Group's stock price forecast for 2023?: 7 brokers have issued 12 month price targets for The Hanover Insurance Group's shares. Their THG share price forecasts range from $120.00 to $164.00. On average, they expect the company's share price to reach $143.29 in the next year. This suggests a possible upside of 30.3% from the stock's current price.
View analysts price targets for THG or view top-rated stocks among Wall Street analysts.
How have THG shares performed in 2023?: The Hanover Insurance Group's stock was trading at $135.13 at the start of the year. Since then, THG shares have decreased by 18.6% and is now trading at $109.97.
View the best growth stocks for 2023 here.
When is The Hanover Insurance Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our THG earnings forecast.
How can I listen to The Hanover Insurance Group's earnings call?: The Hanover Insurance Group will be holding an earnings conference call on Thursday, November 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were The Hanover Insurance Group's earnings last quarter?: The Hanover Insurance Group, Inc. (NYSE:THG) announced its quarterly earnings data on Wednesday, August, 2nd. The insurance provider reported ($1.91) earnings per share for the quarter, meeting the consensus estimate of ($1.91). The insurance provider earned $1.50 billion during the quarter, compared to analyst estimates of $1.42 billion. The Hanover Insurance Group had a negative net margin of 1.60% and a negative trailing twelve-month return on equity of 2.83%. The business's revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 earnings per share.
How often does The Hanover Insurance Group pay dividends? What is the dividend yield for The Hanover Insurance Group?: The Hanover Insurance Group declared a quarterly dividend on Tuesday, September 5th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.81 per share on Friday, September 29th. This represents a $3.24 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for THG.
What ETFs hold The Hanover Insurance Group's stock?: ETFs with the largest weight of The Hanover Insurance Group (NYSE:THG) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), SPDR S&P Insurance ETF (KIE), Opus Small Cap Value Plus ETF (OSCV) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).iShares U.S. Insurance ETF (IAK).
Is The Hanover Insurance Group a good dividend stock?: The Hanover Insurance Group (NYSE:THG) pays an annual dividend of $3.24 per share and currently has a dividend yield of 2.92%.
Read our dividend analysis for THG.

What guidance has The Hanover Insurance Group issued on next quarter's earnings?: The Hanover Insurance Group updated its second quarter 2023 earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of -$1.91--$1.91 for the period, compared to the consensus estimate of $1.33. The company issued revenue guidance of -.
What is John C. Roche's approval rating as The Hanover Insurance Group's CEO?: 89 employees have rated The Hanover Insurance Group Chief Executive Officer John C. Roche on Glassdoor.com. John C. Roche has an approval rating of 96% among the company's employees. This puts John C. Roche in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of The Hanover Insurance Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other The Hanover Insurance Group investors own include Marathon Petroleum (MPC), Phillips 66 (PSX), Wells Fargo & Company (WFC), Exxon Mobil (XOM), AbbVie (ABBV), Pfizer (PFE), QUALCOMM (QCOM), Walgreens Boots Alliance (WBA), International Business Machines (IBM) and Johnson & Johnson (JNJ).
What is The Hanover Insurance Group's stock symbol?: The Hanover Insurance Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "THG."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is The Hanover Insurance Group's stock price today?: One share of THG stock can currently be purchased for approximately $109.97.
How much money does The Hanover Insurance Group make?: The Hanover Insurance Group (NYSE:THG) has a market capitalization of $3.93 billion and generates $5.47 billion in revenue each year. The insurance provider earns $116 million in net income (profit) each year or ($2.60) on an earnings per share basis.
How many employees does The Hanover Insurance Group have?: The company employs 4,600 workers across the globe.
Does The Hanover Insurance Group have any subsidiaries?: The following companies are subsidiares of The Hanover Insurance Group: 440 Lincoln Street Holding Company LLC, AIX Holdings Inc., AIX Inc., AIX Insurance Services of California Inc., AIX Specialty Insurance Company, AIXHI LLC, Allmerica Financial Alliance Insurance Company, Allmerica Financial Benefit Insurance Company, Allmerica Plus Insurance Agency Inc., Campania Holding Company Inc., Campania Holding Company Inc., Campmed Casualty & Indemnity Company Inc., Chaucer Holdings plc, Citizens Insurance Company of America, Citizens Insurance Company of Illinois, Citizens Insurance Company of Ohio, Citizens Insurance Company of The Midwest, CitySquare II Development Co. LLC, CitySquare II Investment Company LLC, Educators Insurance Agency Inc., Front Street Financing LLC, Hanover Specialty Insurance Brokers Inc., Massachusetts Bay Insurance Company, NAG MERGER LLC, NOVA Casualty Company, Opus Investment Management Inc., Professionals Direct Inc., Professionals Direct Inc., The Hanover American Insurance Company, The Hanover Atlantic Insurance Company Ltd., The Hanover Casualty Company, The Hanover Insurance Company, The Hanover Insurance Group Inc., The Hanover National Insurance Company, The Hanover New Jersey Insurance Company, VeraVest Investments Inc., Verlan Fire Insurance Company, Verlan Holdings Inc., and Verlan Holdings Inc..
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How can I contact The Hanover Insurance Group?: The Hanover Insurance Group's mailing address is 440 LINCOLN ST, WORCESTER MA, 01653. The official website for the company is www.hanover.com. The insurance provider can be reached via phone at (508) 855-1000, via email at olukasheva@hanover.com, or via fax at 508-855-8078.

This page (NYSE:THG) was last updated on 10/2/2023 by MarketBeat.com Staff

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