NYSE:THGHanover Insurance Group Stock Price, Forecast & News

$106.18

+3.46 (+3.37 %)

(As of 06/3/2020 10:49 AM ET)

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Today's Range

$104.59

Now: $106.18▼

$106.21

50-Day Range

$85.25

MA: $96.20▼

$104.46

52-Week Range

$75.11

Now: $106.18▼

$144.71

Volume16,093 shs

Average Volume264,252 shs

Market Capitalization$4.03 billion

P/E Ratio16.40

Dividend Yield2.55%

Beta0.87

The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, umbrella, healthcare, mono-line general liability, and miscellaneous commercial property insurance products; and other commercial coverages, including inland marine, specialty program business, management and professional liability, surety, and specialty property. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal inland marine, umbrella, fire, personal watercraft, earthquake, and other miscellaneous coverages. The Other segment offers investment management and advisory services to institutions, pension funds, and other organizations. The company markets its products and services through independent agents and brokers. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.

Beat the Market (BTM) Rank^™

2.5 Analyst's Opinion

Consensus Rating
Hanover Insurance Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $123.33, Hanover Insurance Group has a potential upside of 17.2% from its current price of $105.20.
Amount of Analyst Coverage
Hanover Insurance Group has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Hanover Insurance Group has received 325 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Hanover Insurance Group has received 395 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Hanover Insurance Group has received 54.86% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Hanover Insurance Group and other stocks. Vote “Outperform” if you believe THG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe THG will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Hanover Insurance Group is a leading dividend payer. It pays a dividend yield of 2.55%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hanover Insurance Group has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Hanover Insurance Group is 31.86 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Hanover Insurance Group will have a dividend payout ratio of 30.77 % next year. This indicates that Hanover Insurance Group will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hanover Insurance Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.23% of the stock of Hanover Insurance Group is held by insiders.
Percentage Held by Institutions
85.25% of the stock of Hanover Insurance Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Hanover Insurance Group are expected to grow by 7.23% in the coming year, from $7.88 to $8.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hanover Insurance Group is 16.26, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hanover Insurance Group is 16.26, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.30.
Price to Book Value per Share Ratio
Hanover Insurance Group has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.24 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryProperty & Casualty Insurance

SectorFinance

Current SymbolNYSE:THG

Previous Symbol

CUSIP41086710

CIK944695

Webwww.hanover.com

Phone508-855-1000

Debt

Debt-to-Equity Ratio0.26

Current Ratio0.40

Quick Ratio0.40

Price-To-Earnings

Trailing P/E Ratio16.40

Forward P/E Ratio13.47

P/E GrowthN/A

Sales & Book Value

Annual Sales$4.89 billion

Price / Sales0.83

Cash Flow$9.64 per share

Price / Cash Flow11.01

Book Value$74.03 per share

Price / Book1.43

Profitability

EPS (Most Recent Fiscal Year)$8.16

Net Income$425.10 million

Net Margins5.56%

Return on Equity11.56%

Return on Assets2.73%

Miscellaneous

Employees4,300

Outstanding Shares38,000,000

Market Cap$4.03 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Hanover Insurance Group (NYSE:THG) Frequently Asked Questions

How has Hanover Insurance Group's stock been impacted by COVID-19 (Coronavirus)?

Hanover Insurance Group's stock was trading at $106.03 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, THG stock has decreased by 0.8% and is now trading at $105.20. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Hanover Insurance Group?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hanover Insurance Group in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Hanover Insurance Group.

When is Hanover Insurance Group's next earnings date?

Hanover Insurance Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Hanover Insurance Group.

How were Hanover Insurance Group's earnings last quarter?

Hanover Insurance Group Inc (NYSE:THG) announced its earnings results on Tuesday, April, 28th. The insurance provider reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.20. The insurance provider earned $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Hanover Insurance Group had a return on equity of 11.56% and a net margin of 5.56%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. View Hanover Insurance Group's earnings history.

How often does Hanover Insurance Group pay dividends? What is the dividend yield for Hanover Insurance Group?

Hanover Insurance Group announced a quarterly dividend on Friday, May 29th. Investors of record on Friday, June 12th will be given a dividend of $0.65 per share on Friday, June 26th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, June 11th. View Hanover Insurance Group's dividend history.

How will Hanover Insurance Group's stock buyback program work?

Hanover Insurance Group announced that its Board of Directors has initiated a stock buyback program on Thursday, June 27th 2019, which allows the company to repurchase $150,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its stock is undervalued.

What price target have analysts set for THG?

3 brokers have issued twelve-month target prices for Hanover Insurance Group's stock. Their forecasts range from $85.00 to $145.00. On average, they anticipate Hanover Insurance Group's share price to reach $123.33 in the next twelve months. This suggests a possible upside of 17.2% from the stock's current price. View analysts' price targets for Hanover Insurance Group.

Has Hanover Insurance Group been receiving favorable news coverage?

Media coverage about THG stock has trended positive on Wednesday, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Hanover Insurance Group earned a media sentiment score of 2.4 on InfoTrie's scale. They also gave media coverage about the insurance provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutHanover Insurance Group.

Are investors shorting Hanover Insurance Group?

Hanover Insurance Group saw a decline in short interest in May. As of May 15th, there was short interest totaling 457,500 shares, a decline of 10.8% from the April 30th total of 512,700 shares. Based on an average trading volume of 307,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.2% of the shares of the company are short sold. View Hanover Insurance Group's Current Options Chain.

Who are some of Hanover Insurance Group's key competitors?

Some companies that are related to Hanover Insurance Group include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cincinnati Financial (CINF), Fidelity National Financial (FNF), Erie Indemnity (ERIE), Cna Financial (CNA), First American Financial (FAF), Old Republic International (ORI), RLI (RLI) and Axis Capital (AXS). View all competitors.

What other stocks do shareholders of Hanover Insurance Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Hanover Insurance Group investors own include Marathon Petroleum (MPC), Wells Fargo & Co (WFC), Pfizer (PFE), QUALCOMM (QCOM), Exxon Mobil (XOM), AbbVie (ABBV), IBM (IBM), International Paper (IP), AT&T (T) and Verizon Communications (VZ).

Who are Hanover Insurance Group's key executives?

Hanover Insurance Group's management team includes the following people:

Mr. John Conner Roche, Pres, CEO & Director (Age 55)
Mr. Jeffrey Mark Farber, Exec. VP & CFO (Age 54)
Mr. J. Kendall Huber, Exec. VP, Gen. Counsel & Assistant Sec. (Age 64)
Mr. Richard William Lavey, Exec. VP & Pres of Hanover Agency Markets (Age 51)
Mr. Bryan James Salvatore, Exec. VP & Pres of Specialty (Age 54)

What is Hanover Insurance Group's stock symbol?

Hanover Insurance Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "THG."

Who are Hanover Insurance Group's major shareholders?

Hanover Insurance Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.14%), State Street Corp (3.08%), Janus Henderson Group PLC (2.49%), Franklin Resources Inc. (2.46%), Bank of New York Mellon Corp (1.96%) and Invesco Ltd. (1.91%). Company insiders that own Hanover Insurance Group stock include Ann Kirkpatrick Tripp, Bryan J Salvatore, J Kendall Huber, Mark Joseph Welzenbach, Richard W Lavey and Warren E Barnes. View institutional ownership trends for Hanover Insurance Group.

Which major investors are selling Hanover Insurance Group stock?

THG stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., AJO LP, BlackRock Inc., Advisory Research Inc., WINTON GROUP Ltd, Pzena Investment Management LLC, Principal Financial Group Inc., and Franklin Resources Inc.. Company insiders that have sold Hanover Insurance Group company stock in the last year include Ann Kirkpatrick Tripp, Bryan J Salvatore, J Kendall Huber, Mark Joseph Welzenbach, and Warren E Barnes. View insider buying and selling activity for Hanover Insurance Group.

Which major investors are buying Hanover Insurance Group stock?

THG stock was acquired by a variety of institutional investors in the last quarter, including FDx Advisors Inc., FDx Advisors Inc., Vaughan Nelson Investment Management L.P., Wellington Management Group LLP, Fenimore Asset Management Inc., First Trust Advisors LP, Engineers Gate Manager LP, and Hancock Whitney Corp. View insider buying and selling activity for Hanover Insurance Group.

How do I buy shares of Hanover Insurance Group?

Shares of THG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Hanover Insurance Group's stock price today?

One share of THG stock can currently be purchased for approximately $105.20.

How big of a company is Hanover Insurance Group?

Hanover Insurance Group has a market capitalization of $4.00 billion and generates $4.89 billion in revenue each year. The insurance provider earns $425.10 million in net income (profit) each year or $8.16 on an earnings per share basis. Hanover Insurance Group employs 4,300 workers across the globe.

What is Hanover Insurance Group's official website?

The official website for Hanover Insurance Group is www.hanover.com.

How can I contact Hanover Insurance Group?

Hanover Insurance Group's mailing address is 440 LINCOLN ST, WORCESTER MA, 01653. The insurance provider can be reached via phone at 508-855-1000 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff