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The Hanover Insurance Group, Inc. (THG)

Financial Services | Insurance - Property & Casualty | Worcester, United States | NYSE
227.67 USD +0.01 (0.004%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 227.67

Short-term:★★★★☆Long-term:★★★⯪☆Dividends:★★⯪☆☆
Hot Take | Aug. 22, 2026, 5:04 a.m. EDT

The Hanover Insurance Group presents a compelling case for income-focused investors seeking capital appreciation, though valuation concerns persist. Fundamentally, the company boasts an impressive 21.9% return on equity and robust 25% earnings growth, supported by a highly sustainable 18% dividend payout ratio. However, the 4.3% revenue growth and elevated debt-to-equity ratio of nearly 23x temper enthusiasm for a premium valuation. Short-term momentum is favorable, with the stock trading above both its 50-day and 200-day averages and a moderate statistical forecast predicting a 4.5% gain over the next 45 days. While the dividend is secure, it offers a modest 1.7% yield that trails inflation. Options flow confirms this bullish tilt, with call open interest concentrated above current prices and negligible put activity. Investors should view this as a solid core holding rather than a high-growth or high-yield opportunity, mindful of the balance sheet leverage.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.034425
AutoETS0.061372
MSTL0.062117
AutoARIMA0.062659

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 61%
H-stat 1.01
Ljung-Box p 0.000
Jarque-Bera p 0.842
Excess Kurtosis -0.05
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-06-11
Last Dividend Date 2026-06-11
Debt to Equity Ratio 22.982
Revenue per Share 191.085
Market Cap 7,927,519,232
Trailing P/E 10.89
Forward P/E 11.66
Beta 0.28
Profit Margins 11.17%
Website https://www.hanover.com

As of Aug. 22, 2026, 5:04 a.m. EDT: Call open interest clusters above current price at the $230 and $240 strikes for September expiration, while November contracts show significant deep in-the-money positioning at the $195 level. Put activity remains minimal across expirations, suggesting limited hedging demand. Implied volatility is elevated for November puts relative to calls, indicating some uncertainty, but overall speculative flow leans bullish.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.48% 2.04% 2.35% 2.33%
Dividend History
Date Dividend Yield %
2026-06-12 0.950 0.480648
2026-03-13 0.950 0.547898
2025-12-12 0.950 0.513014
2025-09-12 0.900 0.498974
2025-06-13 0.900 0.530567
2025-03-14 0.900 0.531350
2024-12-13 0.900 0.583809
2024-09-13 0.850 0.581356
2024-06-14 0.850 0.703409
2024-03-14 0.850 0.657589
2023-12-14 0.850 0.685539
2023-09-14 0.810 0.729401
2023-06-15 0.810 0.711650
2023-03-14 0.810 0.623509
2022-12-14 0.810 0.586744
2022-09-15 0.750 0.548206
2022-06-09 0.750 0.524916
2022-03-10 0.750 0.544979
2021-12-15 0.750 0.572213
2021-09-09 0.700 0.508462
2021-06-10 0.700 0.505123
2021-03-11 0.700 0.549882
2020-12-17 0.700 0.595289
2020-09-10 0.650 0.681056
2020-06-11 0.650 0.645353
2020-03-12 0.650 0.689655
2019-12-13 3.150 2.316006
2019-09-12 0.600 0.457422
2019-06-07 0.600 0.479195
2019-03-14 0.600 0.515198
2019-01-09 4.750 4.345837
2018-12-14 0.600 0.548797
2018-09-13 0.540 0.450375
2018-06-07 0.540 0.441285
2018-03-08 0.540 0.473975
2017-12-14 0.540 0.528634
2017-09-14 0.500 0.525100
2017-06-07 0.500 0.595380
2017-03-08 0.500 0.556050
2016-12-14 0.500 0.561293
2016-09-14 0.460 0.609918
2016-06-08 0.460 0.538516
2016-03-09 0.460 0.542837
2015-12-16 0.460 0.563587
2015-09-09 0.410 0.514171
2015-06-10 0.410 0.569049
2015-03-11 0.410 0.595584
2014-12-11 0.410 0.579342
2014-09-10 0.370 0.605168
2014-06-11 0.370 0.600065
2014-03-12 0.370 0.620910
2013-12-12 0.370 0.626906
2013-09-11 0.330 0.650631
2013-06-12 0.330 0.684932
2013-03-13 0.330 0.761070
2012-12-13 0.330 0.875564
2012-09-12 0.300 0.811469
2012-06-13 0.300 0.803213
2012-03-14 0.300 0.731886
2011-11-25 0.300 0.874126
2011-09-01 0.275 0.791367
2011-05-26 0.275 0.679852
2011-03-11 0.275 0.594852
2010-12-03 0.250 0.540891
2010-09-08 0.250 0.565355
2010-05-20 0.250 0.571429
2010-03-04 0.250 0.588235
2009-11-23 0.750 1.731302
2008-11-24 0.450 1.228501
2007-11-26 0.400 0.934361
2006-11-24 0.300 0.630915
2005-11-23 0.250 0.630517
2001-11-01 0.250 0.643170
2000-10-30 0.250 0.394477
1999-10-28 0.250 0.437158
1998-10-29 0.050 0.106242
1998-07-30 0.050 0.079208
1998-04-29 0.050 0.080321
1998-01-29 0.050 0.094787
1997-10-30 0.050 0.109290
1997-07-30 0.050 0.112994
1997-04-29 0.050 0.143369
1997-01-29 0.050 0.140351
1996-10-30 0.050 0.160000
1996-07-30 0.050 0.175439
1996-04-29 0.050 0.194175
1996-01-30 0.050 0.187793
Additional Data
dividendRate 3.8
dividendYield 1.67
exDividendDate 2026-06-12
trailingAnnualDividendRate 3.75
trailingAnnualDividendYield 0.016471932
lastDividendValue 0.95
lastDividendDate 2026-06-12
dividendDate 2026-06-26

Info Dump

Attribute Value
52 Week Change 0.2936697
Address1 440 Lincoln Street
All Time High 236.07
All Time Low 7.04
Ask 227.64
Ask Size 200
Audit Risk 3
Average Analyst Rating 2.6 - Hold
Average Daily Volume10 Day 303,230
Average Daily Volume3 Month 327,175
Average Volume 327,175
Average Volume10Days 303,230
Beta 0.281
Bid 227.34
Bid Size 200
Board Risk 1
Book Value 105.229
City Worcester
Compensation As Of Epoch Date 1,672,444,800
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 227.67
Current Ratio 0.36
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 228.6
Day Low 226.49
Debt To Equity 22.982
Display Name The Hanover Insurance
Dividend Date 1,782,432,000
Dividend Rate 3.8
Dividend Yield 1.67
Earnings Call Timestamp End 1,785,333,600
Earnings Call Timestamp Start 1,785,333,600
Earnings Growth 0.249
Earnings Quarterly Growth 0.22
Earnings Timestamp 1,785,268,800
Earnings Timestamp End 1,793,217,600
Earnings Timestamp Start 1,793,217,600
Ebitda Margins 0.0
Enterprise To Revenue 1.257
Enterprise Value 8,505,419,776
Eps Current Year 20.38375
Eps Forward 19.52875
Eps Trailing Twelve Months 20.9
Esg Populated 0
Ex Dividend Date 1,781,222,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 508 855 8078
Fifty Day Average 218.8648
Fifty Day Average Change 8.805191
Fifty Day Average Change Percent 0.040231187
Fifty Two Week Change Percent 29.36697
Fifty Two Week High 236.07
Fifty Two Week High Change -8.400009
Fifty Two Week High Change Percent -0.035582703
Fifty Two Week Low 166.54
Fifty Two Week Low Change 61.130005
Fifty Two Week Low Change Percent 0.36705902
Fifty Two Week Range 166.54 - 236.07
Financial Currency USD
First Trade Date Milliseconds 813,418,200,000
Five Year Avg Dividend Yield 2.25
Float Shares 34,461,573
Forward Eps 19.52875
Forward P E 11.658196
Free Cashflow 1,081,224,960
Full Exchange Name NYSE
Full Time Employees 4,900
Fullday Change 0.00999451
Fullday Change Percent 0.0043901
Fullday Price 227.67
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.25191
Gross Profits 1,704,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00952
Held Percent Institutions 0.92967004
Implied Shares Outstanding 34,820,221
Industry Insurance - Property & Casualty
Industry Disp Insurance - Property & Casualty
Industry Key insurance-property-casualty
Ir Website http://www2.snl.com/irweblinkx/corporateprofile.aspx?iid=103541
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,781,222,400
Last Dividend Value 0.95
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name The Hanover Insurance Group, Inc.
Market us_market
Market Cap 7,927,519,232
Market State CLOSED
Max Age 86,400
Message Board Id finmb_340831
Most Recent Quarter 1,782,777,600
Net Income To Common 753,800,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 7,927,171,512
Number Of Analyst Opinions 8
Open 228.73
Operating Cashflow 1,263,500,032
Operating Margins 0.14755
Overall Risk 2
Payout Ratio 0.17950001
Peg Ratio 0.34
Phone 508 855 1000
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 227.67
Post Market Time 1,787,959,804
Previous Close 227.66
Price Eps Current Year 11.16919
Price Hint 2
Price To Book 2.163567
Price To Sales Trailing12 Months 1.1719471
Profit Margins 0.1117
Quick Ratio 0.179
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.625
Region US
Regular Market Change 0.00999451
Regular Market Change Percent 0.0043901
Regular Market Day High 228.6
Regular Market Day Low 226.49
Regular Market Day Range 226.49 - 228.6
Regular Market Open 228.73
Regular Market Previous Close 227.66
Regular Market Price 227.67
Regular Market Time 1,787,947,203
Regular Market Volume 172,962
Return On Assets 0.03887
Return On Equity 0.21885
Revenue Growth 0.043
Revenue Per Share 191.085
Sand P52 Week Change 0.20504117
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Share Holder Rights Risk 5
Shares Outstanding 34,820,221
Shares Percent Shares Out 0.0198
Shares Short 688,941
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 1,181,059
Short Name Hanover Insurance Group Inc
Short Percent Of Float 0.0223
Short Ratio 2.13
Source Interval 15
State MA
Symbol THG
Target High Price 260.0
Target Low Price 222.0
Target Mean Price 236.5
Target Median Price 237.5
Total Cash 266,100,000
Total Cash Per Share 7.642
Total Debt 844,000,000
Total Revenue 6,764,400,128
Tradeable 0
Trailing Annual Dividend Rate 3.75
Trailing Annual Dividend Yield 0.016471932
Trailing Eps 20.9
Trailing P E 10.893302
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 190.05495
Two Hundred Day Average Change 37.61505
Two Hundred Day Average Change Percent 0.19791672
Type Disp Equity
Volume 172,962
Website https://www.hanover.com
Zip 1,653