Symbols / THG Stock $177.54 -2.38% The Hanover Insurance Group, Inc.

Financial Services • Insurance - Property & Casualty • United States • NYQ
THG (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Insurance - Property & Casualty
CEO Mr. John Conner Roche
Exch · Country NYQ · United States
Market Cap 6.25B
Enterprise Value 6.34B
Income 660.70M
Sales 6.59B
FCF (ttm) 979.57M
Book/sh 100.89
Cash/sh 31.94
Employees 4,900
Insider 10d —
IPO Oct 11, 1995
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 20.14%
P/E 9.79
Forward P/E 9.78
PEG 0.34
P/S 0.95
P/B 1.76
P/C —
EV/EBITDA 7.13
EV/Sales 0.96
Quick Ratio 0.24
Current Ratio 0.41
Debt/Eq 34.11
LT Debt/Eq —
EPS (ttm) 18.13
EPS next Y 18.16
EPS Growth 19.90%
Revenue Growth 5.50%
EPS Gr Q/Q 18.20%
Rev Gr Q/Q —
Earnings (next) 2026-04-29
Earnings (prior) 2026-02-03
ROA 3.44%
ROE 20.60%
ROIC —
Gross Margin 23.96%
Oper. Margin 16.29%
Profit Margin 10.05%
Shs Outstand 35.19M
Shs Float 34.80M
Insider Own 0.88%
Instit Own 90.58%
Short Float 2.87%
Short Ratio 2.88
Short Interest 896.79K
52W High 188.18
vs 52W High -5.65%
52W Low 160.70
vs 52W Low 10.48%
Beta 0.30
Impl. Vol. 45.31%
Rel Volume 0.58
Avg Volume 323.75K
Volume 187.84K
Target (mean) $198.12
Tgt Median $197.00
Tgt Low $190.00
Tgt High $208.00
# Analysts 8
Recom Buy
Prev Close $181.87
Price $177.54
Change -2.38%
About

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. It also provides personal automobile; and homeowners and other personal lines, including residences and personal property, liability claims, personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. In addition, the company offers insurance products for collector cars, motorcycles, off-road vehicles, condominiums, valuable items, business owners, international, and management and professional liability; and for the construction, cultural and educational institutions, financial intuitions, healthcare, human services, life sciences, manufacturing, professional services, real estate, retail, technology, and wholesale and distribution industries. It 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$198.13
Mean price target
2. Current target
$177.54
Latest analyst target
3. DCF / Fair value
$501.08
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$177.54
Low
$190.00
High
$208.00
Mean
$198.13

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-07 main RBC Capital Sector Perform → Sector Perform $190
2026-04-06 main Morgan Stanley Equal-Weight → Equal-Weight $190
2026-02-25 main Keefe, Bruyette & Woods Outperform → Outperform $208
2026-02-09 main Keefe, Bruyette & Woods Outperform → Outperform $207
2025-11-25 init RBC Capital — → Sector Perform $200
2025-11-04 main Keefe, Bruyette & Woods Outperform → Outperform $200
2025-10-07 main Morgan Stanley Equal-Weight → Equal-Weight $190
2025-08-01 main Morgan Stanley Equal-Weight → Equal-Weight $185
2025-07-31 main JMP Securities Market Outperform → Market Outperform $200
2025-05-19 main Morgan Stanley Equal-Weight → Equal-Weight $170
2025-05-07 main Keefe, Bruyette & Woods Market Perform → Market Perform $173
2025-05-01 main JMP Securities Market Outperform → Market Outperform $185
2025-04-11 main Morgan Stanley Equal-Weight → Equal-Weight $160
2025-04-09 main Keefe, Bruyette & Woods Market Perform → Market Perform $171
2025-04-01 main Piper Sandler Overweight → Overweight $205
2025-02-10 main Keefe, Bruyette & Woods Market Perform → Market Perform $179
2025-02-06 main Morgan Stanley Equal-Weight → Equal-Weight $170
2025-01-10 main Keefe, Bruyette & Woods Market Perform → Market Perform $176
2024-12-19 main BMO Capital Outperform → Outperform $180
2024-12-05 init Morgan Stanley — → Equal-Weight $170
News
RSS: Latest THG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-27 LOWSLEY DENISE Officer — 12 $0.00 $0
2026-03-27 SALVATORE BRYAN J Officer — 30 $0.00 $0
2026-03-27 FARBER JEFFREY M Officer — 53 $0.00 $0
2026-03-27 LAVEY RICHARD W. Officer — 35 $0.00 $0
2026-03-27 KERRIGAN DENNIS FRANCIS Officer — 18 $0.00 $0
2026-03-27 LEE WILLARD T Officer — 13 $0.00 $0
2026-03-27 LOVELY DAVID JOHN Officer — 13 $0.00 $0
2026-03-27 ROCHE JOHN C. Chief Executive Officer — 152 $0.00 $0
2026-02-27 CARLIN JANE D Director — 1,200 $180.91 $217,092
2026-02-24 SALVATORE BRYAN J Officer — 6,140 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
6,567.30
+5.64%
6,216.80
+4.25%
5,963.50
+9.77%
5,432.90
Operating Revenue
6,567.30
+5.64%
6,216.80
+4.25%
5,963.50
+9.77%
5,432.90
Other Operating Expenses
692.90
+0.95%
686.40
+12.95%
607.70
+5.89%
573.90
Total Expenses
5,723.50
+0.78%
5,679.00
-4.11%
5,922.40
+11.98%
5,288.90
Reconciled Depreciation
-4.60
-406.67%
1.50
-76.19%
6.30
-51.16%
12.90
EBIT
887.00
+55.10%
571.90
+660.51%
75.20
-57.78%
178.10
Total Unusual Items
—
—
—
0.00
Total Unusual Items Excluding Goodwill
—
—
—
0.00
Special Income Charges
—
—
—
0.00
Net Income
662.50
+55.52%
426.00
+1106.80%
35.30
-69.57%
116.00
Pretax Income
843.80
+56.90%
537.80
+1208.52%
41.10
-71.46%
144.00
Net Non Operating Interest Income Expense
-43.20
-26.69%
-34.10
+0.00%
-34.10
+0.00%
-34.10
Interest Expense Non Operating
43.20
+26.69%
34.10
+0.00%
34.10
+0.00%
34.10
Net Interest Income
-43.20
-26.69%
-34.10
+0.00%
-34.10
+0.00%
-34.10
Interest Expense
43.20
+26.69%
34.10
+0.00%
34.10
+0.00%
34.10
Tax Provision
183.10
+62.76%
112.50
+1380.26%
7.60
-72.06%
27.20
Tax Rate For Calcs
0.00
+3.83%
0.00
+12.97%
0.00
-2.12%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
662.50
+55.52%
426.00
+1106.80%
35.30
-69.57%
116.00
Net Income From Continuing Operation Net Minority Interest
660.70
+55.35%
425.30
+1169.55%
33.50
-71.32%
116.80
Net Income From Continuing And Discontinued Operation
662.50
+55.52%
426.00
+1106.80%
35.30
-69.57%
116.00
Net Income Continuous Operations
660.70
+55.35%
425.30
+1169.55%
33.50
-71.32%
116.80
Net Income Discontinuous Operations
1.80
+157.14%
0.70
-61.11%
1.80
+325.00%
-0.80
Normalized Income
660.70
+55.35%
425.30
+1169.55%
33.50
-71.32%
116.80
Net Income Common Stockholders
662.50
+55.52%
426.00
+1106.80%
35.30
-69.57%
116.00
Diluted EPS
18.16
+55.21%
11.70
+1093.88%
0.98
-69.47%
3.21
Basic EPS
18.51
+58.17%
11.70
+1093.88%
0.98
-69.47%
3.21
Basic Average Shares
35.80
-0.28%
35.90
+0.56%
35.70
-1.11%
36.10
Diluted Average Shares
36.50
+0.27%
36.40
+0.83%
36.10
+0.00%
36.10
Diluted NI Availto Com Stockholders
662.50
+55.52%
426.00
+1106.80%
35.30
-69.57%
116.00
Loss Adjustment Expense
3,729.30
-0.75%
3,757.40
-9.12%
4,134.60
+14.11%
3,623.40
Net Policyholder Benefits And Claims
3,729.30
-0.75%
3,757.40
-9.12%
4,134.60
+14.11%
3,623.40
Policyholder Benefits Ceded
388.20
-7.37%
419.10
+5.49%
397.30
+9.87%
361.60
Policyholder Benefits Gross
4,117.50
-1.41%
4,176.50
-7.84%
4,531.90
+13.72%
3,985.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
16,945.90
+10.94%
15,274.50
+4.53%
14,612.60
+4.41%
13,995.10
Cash Cash Equivalents And Short Term Investments
2,996.50
+48.11%
2,023.10
-75.63%
8,301.40
+6.61%
7,786.80
Cash And Cash Equivalents
1,122.70
+157.80%
435.50
+37.77%
316.10
+3.64%
305.00
Other Short Term Investments
1,873.80
+18.03%
1,587.60
-80.12%
7,985.30
+6.73%
7,481.80
Receivables
3,872.40
+2.03%
3,795.30
+0.89%
3,761.70
+5.49%
3,565.90
Accounts Receivable
3,872.40
+2.03%
3,795.30
+0.89%
3,761.70
+5.49%
3,565.90
Goodwill And Other Intangible Assets
178.80
+0.00%
178.80
+0.00%
178.80
+0.00%
178.80
Goodwill
178.80
+0.00%
178.80
+0.00%
178.80
+0.00%
178.80
Investments And Advances
9,721.30
+11.74%
8,699.90
+7.19%
8,116.20
+5.08%
7,723.70
Total Liabilities Net Minority Interest
13,374.40
+7.57%
12,432.70
+2.35%
12,147.00
+4.16%
11,661.40
Payables And Accrued Expenses
851.90
+7.09%
795.50
-5.32%
840.20
+4.76%
802.00
Accounts Payable
45.20
+19.89%
37.70
-41.37%
64.30
-8.53%
70.30
Total Tax Payable
806.70
+6.45%
757.80
-2.33%
775.90
+6.04%
731.70
Income Tax Payable
806.70
+6.45%
757.80
-2.33%
775.90
+6.04%
731.70
Current Debt And Capital Lease Obligation
—
61.80
0.00
—
Current Debt
—
61.80
0.00
—
Other Current Borrowings
—
61.80
0.00
—
Long Term Debt And Capital Lease Obligation
1,218.30
+68.67%
722.30
-7.78%
783.20
+0.10%
782.40
Long Term Debt
1,218.30
+68.67%
722.30
-7.78%
783.20
+0.10%
782.40
Non Current Deferred Liabilities
—
—
—
—
Non Current Deferred Taxes Liabilities
—
—
—
—
Stockholders Equity
3,571.50
+25.68%
2,841.80
+15.26%
2,465.60
+5.65%
2,333.70
Common Stock Equity
3,571.50
+25.68%
2,841.80
+15.26%
2,465.60
+5.65%
2,333.70
Capital Stock
0.60
+0.00%
0.60
+0.00%
0.60
+0.00%
0.60
Common Stock
0.60
+0.00%
0.60
+0.00%
0.60
+0.00%
0.60
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
60.49
-0.01%
60.50
+0.00%
60.50
+0.00%
60.50
Ordinary Shares Number
35.39
-1.41%
35.90
+0.28%
35.80
+0.56%
35.60
Treasury Shares Number
25.10
+2.03%
24.60
-0.40%
24.70
-0.80%
24.90
Additional Paid In Capital
2,013.50
+2.02%
1,973.60
+1.77%
1,939.20
+1.36%
1,913.10
Retained Earnings
3,741.60
+16.58%
3,209.60
+10.32%
2,909.40
-2.79%
2,992.90
Gains Losses Not Affecting Retained Earnings
-171.40
+62.44%
-456.30
+11.77%
-517.20
+26.27%
-701.50
Treasury Stock
2,012.80
+6.74%
1,885.70
+1.03%
1,866.40
-0.27%
1,871.40
Other Equity Adjustments
-171.40
+62.44%
-456.30
+11.77%
-517.20
+26.27%
-701.50
Total Equity Gross Minority Interest
3,571.50
+25.68%
2,841.80
+15.26%
2,465.60
+5.65%
2,333.70
Total Capitalization
4,789.80
+34.39%
3,564.10
+9.71%
3,248.80
+4.26%
3,116.10
Invested Capital
4,789.80
+32.10%
3,625.90
+11.61%
3,248.80
+4.26%
3,116.10
Total Debt
1,218.30
+55.38%
784.10
+0.11%
783.20
+0.10%
782.40
Net Debt
95.60
-72.58%
348.60
-25.37%
467.10
-2.16%
477.40
Net Tangible Assets
3,392.70
+27.40%
2,663.00
+16.45%
2,286.80
+6.12%
2,154.90
Tangible Book Value
3,392.70
+27.40%
2,663.00
+16.45%
2,286.80
+6.12%
2,154.90
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,178.10
+46.09%
806.40
+122.95%
361.70
-49.92%
722.30
Cash Flow From Continuing Operating Activities
1,178.10
+46.09%
806.40
+122.95%
361.70
-49.92%
722.30
Net Income From Continuing Operations
662.50
+55.52%
426.00
+1106.80%
35.30
-69.57%
116.00
Depreciation And Amortization
-4.60
-406.67%
1.50
-76.19%
6.30
-51.16%
12.90
Other Non Cash Items
21.20
-66.24%
62.80
+4730.77%
1.30
+102.09%
-62.30
Pension And Employee Benefit Expense
6.70
-1.47%
6.80
-13.92%
7.90
+43.64%
5.50
Stock Based Compensation
35.60
+14.84%
31.00
-0.32%
31.10
+7.24%
29.00
Deferred Tax
14.10
+175.00%
-18.80
+23.58%
-24.60
+47.10%
-46.50
Deferred Income Tax
14.10
+175.00%
-18.80
+23.58%
-24.60
+47.10%
-46.50
Operating Gains Losses
53.10
-36.02%
83.00
+106.47%
40.20
-64.08%
111.90
Gain Loss On Investment Securities
46.40
-39.11%
76.20
+135.91%
32.30
-69.64%
106.40
Change In Working Capital
396.20
+79.36%
220.90
-18.82%
272.10
-51.52%
561.30
Change In Receivables
-69.60
-15.81%
-60.10
+70.23%
-201.90
-16.10%
-173.90
Changes In Account Receivables
-69.60
-15.81%
-60.10
+70.23%
-201.90
-16.10%
-173.90
Change In Payables And Accrued Expense
58.90
+777.01%
-8.70
-118.12%
48.00
+1354.55%
3.30
Change In Accrued Expense
—
—
—
3.30
Change In Payable
58.90
+777.01%
-8.70
-118.12%
48.00
+1354.55%
3.30
Investing Cash Flow
-666.20
-23.17%
-540.90
-136.72%
-228.50
+54.98%
-507.60
Cash Flow From Continuing Investing Activities
-666.20
-23.17%
-540.90
-136.72%
-228.50
+54.98%
-507.60
Capital Expenditure
-7.70
+24.51%
-10.20
+14.29%
-11.90
+33.15%
-17.80
Capital Expenditure Reported
-7.70
+24.51%
-10.20
+14.29%
-11.90
+33.15%
-17.80
Net Investment Purchase And Sale
-658.50
-24.08%
-530.70
-145.01%
-216.60
+55.78%
-489.80
Purchase Of Investment
-3,386.30
-2.22%
-3,312.70
-193.00%
-1,130.60
+45.76%
-2,084.50
Sale Of Investment
2,727.80
-1.95%
2,782.00
+204.38%
914.00
-42.69%
1,594.70
Net Business Purchase And Sale
—
—
—
—
Gain Loss On Sale Of Business
—
—
—
—
Financing Cash Flow
175.20
+220.41%
-145.50
-19.16%
-122.10
+13.16%
-140.60
Cash Flow From Continuing Financing Activities
175.20
+220.41%
-145.50
-19.16%
-122.10
+13.16%
-140.60
Net Issuance Payments Of Debt
433.20
0.00
0.00
0.00
Issuance Of Debt
495.00
0.00
0.00
0.00
Repayment Of Debt
-61.80
0.00
0.00
0.00
Long Term Debt Issuance
495.00
0.00
0.00
0.00
Long Term Debt Payments
-61.80
0.00
0.00
0.00
Net Long Term Debt Issuance
433.20
—
—
—
Net Common Stock Issuance
-129.20
-383.90%
-26.70
0.00
+100.00%
-30.80
Common Stock Payments
-129.20
-383.90%
-26.70
0.00
+100.00%
-30.80
Common Stock Dividend Paid
-130.60
-5.24%
-124.10
-5.89%
-117.20
-7.62%
-108.90
Cash Dividends Paid
-130.60
-5.24%
-124.10
-5.89%
-117.20
-7.62%
-108.90
Repurchase Of Capital Stock
-129.20
-383.90%
-26.70
0.00
+100.00%
-30.80
Proceeds From Stock Option Exercised
15.40
-7.78%
16.70
+156.92%
6.50
-51.13%
13.30
Net Other Financing Charges
-13.60
-19.30%
-11.40
+0.00%
-11.40
+19.72%
-14.20
Changes In Cash
687.10
+472.58%
120.00
+981.08%
11.10
-85.02%
74.10
Beginning Cash Position
435.50
+37.77%
316.10
+3.64%
305.00
+32.09%
230.90
End Cash Position
1,122.70
+157.80%
435.50
+37.77%
316.10
+3.64%
305.00
Free Cash Flow
1,170.40
+47.00%
796.20
+127.62%
349.80
-50.35%
704.50
Interest Paid Supplemental Data
33.30
+0.30%
33.20
+0.00%
33.20
-0.30%
33.30
Income Tax Paid Supplemental Data
169.00
+13.42%
149.00
—
107.80
Change In Income Tax Payable
58.90
+777.01%
-8.70
-118.12%
48.00
+1354.55%
3.30
Change In Tax Payable
58.90
+777.01%
-8.70
-118.12%
48.00
+1354.55%
3.30
Other Cash Adjustment Outside Changein Cash
0.10
+116.67%
-0.60
0.00
0.00
Sale Of Business
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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