THG

Company Overview — What Does HANOVER INSURANCE GROUP, INC. Do?

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 three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides 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. HANOVER INSURANCE GROUP, INC. (THG) is classified as a mid-cap stock in the Financials sector, specifically within the Insurance industry. The company is led by CEO John C. Roche and employs approximately 4,400 people, headquartered in Worcester, Massachusetts. With a market capitalization of $6.1B, THG is one of the notable companies in the Financials sector.

HANOVER INSURANCE GROUP, INC. (THG) Stock Rating — Hold (April 2026)

As of April 2026, HANOVER INSURANCE GROUP, INC. receives a Hold rating with a composite score of 36.7/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.THG ranks #1,263 out of 4,446 stocks in our coverage universe. Within the Financials sector, HANOVER INSURANCE GROUP, INC. ranks #387 of 891 stocks, placing it in the upper half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

THG Stock Price and 52-Week Range

HANOVER INSURANCE GROUP, INC. (THG) currently trades at $176.78. The stock lost $3.09 (1.7%) in the most recent trading session. The 52-week high for THG is $188.18, which means the stock is currently trading -6.1% from its annual peak. The 52-week low is $147.76, putting the stock 19.6% above its annual trough. Recent trading volume was 265K shares, suggesting relatively thin trading activity.

Is THG Overvalued or Undervalued? — Valuation Analysis

HANOVER INSURANCE GROUP, INC. (THG) carries a value factor score of 31/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The trailing price-to-earnings ratio is 9.33x, compared to the Financials sector average of 14.88x — a discount of 37%. The price-to-book ratio stands at 1.71x, versus the sector average of 1.22x. The price-to-sales ratio is 0.94x, compared to 0.90x for the average Financials stock. On an enterprise value basis, THG trades at 9.59x EV/EBITDA, versus 3.26x for the sector.

At current multiples, HANOVER INSURANCE GROUP, INC. trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

HANOVER INSURANCE GROUP, INC. Profitability — ROE, Margins, and Quality Score

HANOVER INSURANCE GROUP, INC. (THG) earns a quality factor score of 25/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 18.6%, compared to the Financials sector average of 8.5%, which is within a healthy range. Return on assets (ROA) comes in at 3.9% versus the sector average of 1.2%.

On a margin basis, HANOVER INSURANCE GROUP, INC. reports gross margins of 0.0%. The operating margin is 13.1% (sector: 21.8%). Net profit margin stands at 9.4%, versus 17.7% for the average Financials stock. Revenue growth is running at 5.8% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

THG Debt, Balance Sheet, and Financial Health

HANOVER INSURANCE GROUP, INC. has a debt-to-equity ratio of 24.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $843M. Cash and equivalents stand at $1.12B.

THG has a beta of 0.39, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for HANOVER INSURANCE GROUP, INC. is 93/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

HANOVER INSURANCE GROUP, INC. Revenue and Earnings History — Quarterly Trend

In TTM 2026, HANOVER INSURANCE GROUP, INC. reported revenue of $6.58B and earnings per share (EPS) of $5.46. Net income for the quarter was $663M. Gross margin was 0.0%. Operating income came in at $644M.

In Q4 2025, HANOVER INSURANCE GROUP, INC. reported revenue of $1.66B. Net income for the quarter was $199M.

In FY 2025, HANOVER INSURANCE GROUP, INC. reported revenue of $6.59B and earnings per share (EPS) of $18.50. Net income for the quarter was $663M. Operating income came in at $933M.

In Q3YTD 2025, HANOVER INSURANCE GROUP, INC. reported revenue of $4.88B. Net income for the quarter was $464M.

Over the past 8 quarters, HANOVER INSURANCE GROUP, INC. has demonstrated a growth trajectory, with revenue expanding from $3.24B to $6.58B. Investors analyzing THG stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

THG Dividend Yield and Income Analysis

HANOVER INSURANCE GROUP, INC. (THG) currently pays a dividend yield of 2.0%. At this yield, a $10,000 investment in THG stock would generate approximately $$198.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning THG yields less than the typical sector peer. The net margin of 9.4% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.

THG Momentum and Technical Analysis Profile

HANOVER INSURANCE GROUP, INC. (THG) has a momentum factor score of 42/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 31/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 18/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

THG vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, HANOVER INSURANCE GROUP, INC. (THG) ranks #387 out of 891 stocks based on the Blank Capital composite score. This places THG in the upper half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing THG against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full THG vs S&P 500 (SPY) comparison to assess how HANOVER INSURANCE GROUP, INC. stacks up against the broader market across all factor dimensions.

THG Next Earnings Date

No upcoming earnings date has been announced for HANOVER INSURANCE GROUP, INC. (THG) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy THG? — Investment Thesis Summary

HANOVER INSURANCE GROUP, INC. presents a balanced picture with arguments on both sides. The quality score of 25/100 flags below-average profitability. The value score of 31/100 indicates premium valuation. Low volatility (stability score 93/100) reduces downside risk.

In summary, HANOVER INSURANCE GROUP, INC. (THG) earns a Hold rating with a composite score of 36.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on THG stock.

Related Resources for THG Investors

Explore more research and tools: THG vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare THG head-to-head with peers: THG vs WTM, THG vs OPY, THG vs ACT.