Stock AnalizHanover Insurance Group, Inc. THG
Property-Casualty Insurers · data as of November 13, 2026
Hanover Insurance Group, Inc. (THG) is a financial company listed in the US with a market value of about $8.5B. In the twelve months to September 30, 2026 it had revenue of $6.8B and net income of $750M, a net margin of 11.0%.
Its overall Stock Analiz score is 3.4 out of 5 (good). The strongest part is value (4/5); the weakest is future growth (2/5).
Key numbers: a P/E of 11.9, a price to free cash flow of 7.0, 5-year revenue growth of 6% a year, a 5-year average ROIC of 10%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 55% below the current price.
Score: 3.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- PEG below 1.5
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
- Profitable 5 years in a row
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- Liabilities below 60% of assets
- Share count down over 3 years (buybacks)
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8B | $6.6B | $6.2B | $6.0B | $5.5B | $5.2B | $4.8B | $4.9B | $4.5B | $4.3B | $4.1B |
| Net income | $750M | $662M | $426M | $35M | $116M | $423M | $359M | $425M | $391M | $186M | $155M |
| Free cash flow | $1.2B | $1.2B | $796M | $350M | $704M | $816M | $693M | $590M | $538M | $686M | $728M |
| EPS (diluted) | $20.90 | $18.16 | $11.70 | $0.98 | $3.21 | $11.60 | $9.42 | $10.46 | $9.09 | $4.33 | $3.59 |
| Net margin | 11.0% | 10.1% | 6.8% | 0.6% | 2.1% | 8.1% | 7.4% | 8.7% | 8.7% | 4.4% | 3.8% |
| ROIC | — | 15.2% | 14.2% | 2.6% | 7.4% | 8.9% | 9.9% | 10.4% | 9.2% | 6.4% | 4.2% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $245.88, 1% below the current price; targets range from $230.00 to $260.00; the consensus rating is “Hold”; expected EPS is $21.32 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Hanover Insurance Group’s P/E ratio?
About 11.9, based on the last twelve months of diluted earnings per share (forward P/E about 12.0).
Is Hanover Insurance Group stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 55% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Hanover Insurance Group pay a dividend?
Yes. The dividend yield is about 1.53%, and it has paid dividends for 10 years in our data.
Is Hanover Insurance Group a good stock to buy?
We do not give buy or sell advice. Hanover Insurance Group scores 3.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.