Hanover Insurance Group stock
THGNYSEThe Hanover Insurance Group, Inc., Financial ServicesISIN US4108671052
85Score 85 out of 100, Strong
Price and trend
88 / 100
Price history
+37% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 22% above it.
Since April 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 60).
The price is at its 52-week high. Largest decline in 20 years: 44% (September 2008 to March 2009).
Chart figures for advanced users
- SMA 50$229.77
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$203.26
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)60
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$167.57
- The lowest closing price of the last twelve months.
- Resistance$250.21
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- The Hanover Insurance Group, Inc. belongs to the Insurance (Property & Casualty) industry (United States) and, with a market value of $8.54B, is number 24 of 58 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $6.6B (up 6.1% year on year) and earnings of $662.5M (up 55.5%).
- For fiscal 2026, analysts expect on average revenue of $6.63B (up 0.4%) and adjusted earnings per share of $20.82 (up 9%).
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- MEQIRI Score 85 out of 100 (Strong): rank 21 of 976 in Financial Services, median 68.
- The P/E is 11.8 (Insurance (Property & Casualty) median 12.4, own median of recent years 12.8).
- Our model puts fair value at $297.03, with the price 16% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High return on equityReturn on equity 21% over the last 12 months.Profitability 80
- Reliable dividendNo dividend cut for 20 years.Capital allocation 88
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 95
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are fundamentals and momentum.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are strong overall.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk low
How well MEQIRI warnsOne of the 30% with the lowest crash risk among smaller stocks.
From 2016 to 2025, 14 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What lowers it
- solid fundamentals
- price near its 52-week high
- stable momentum
Valuation
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $247.53 and expensive above $371.29 (uncertainty low, based on the price swings of the past year).
The two parts of the fair value come to $333.80 (excess return model) and $260.26 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $269.21, at 7.8% it would be $338.76.
Valuation metrics
Half from the excess return model, half from earnings times the industry P/E (12.4).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 5.4% on the twelve months before. Revenue has grown solidly since 2006, at about 5% per year.
Margins
- Operating margin
- Net margin
In fiscal 2025: operating 13%, net 10%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out.
Debt & balance sheet
latest quarterFor banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.
Earnings
- Next earnings
- 2 Feb 2027in 82 days
- Last reported
- 28 Oct 2026EPS reported $5.15 (expected $4.62)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $20.82+1.8%
- Revenue
- $6.63B−0.3%
- Earnings per share
- $19.85+1.4%
- Revenue
- $6.89B−0.7%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +3.8%Hanover now expects the full-year combined ratio to clearly beat its original guidance, even though the expense ratio may slightly miss the 30.3% target as a result.
“There may be something going on in a particular quarter truing up the year-to-date, but overall, we're committed to our trajectory, and we feel good about it, even if the expense ratio doesn't hit our 30.3% guide this year because the combined ratio is so strong.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 29 Oct 2026 (fiscal Q3 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 8 insiders sold, $12.81M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
- Lee Willard TSale
4 Nov 2026, Executive Vice President
- Shares
- 9,946
- Price
- $249.14
- Value
- $2.48M
- Kerrigan Dennis FrancisSale
20 Aug 2026, Executive Vice President
- Shares
- 2,104
- Price
- $222.41
- Value
- $467,945
- Kerrigan Dennis FrancisSale
19 Aug 2026, Executive Vice President
- Shares
- 6,551
- Price
- $220.79
- Value
- $1.45M
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- Bunting Theodore H JRSale
6 Aug 2026, Board
- Shares
- 600
- Price
- $230.20
- Value
- $138,120
- Bunting Theodore H JRSale
5 Aug 2026, Board
- Shares
- 600
- Price
- $228.03
- Value
- $136,818
- Carlin Jane DSale
3 Aug 2026, Board
- Shares
- 1,000
- Price
- $231.50
- Value
- $231,500
- Salvatore Bryan JSale
3 Jun 2026, Executive Vice President
- Shares
- 16,394
- Price
- $185.76
- Value
- $3.05M
- Aristeguieta FranciscoSale
21 May 2026, Board
- Shares
- 1,000
- Price
- $195.37
- Value
- $195,370
- Roche John CSale
20 May 2026, President and CEO
- Shares
- 8,358
- Price
- $193.74
- Value
- $1.62M
- Kerrigan Dennis FrancisSale
20 May 2026, Executive Vice President
- Shares
- 6,262
- Price
- $192.99
- Value
- $1.21M
- Roche John CSale
18 May 2026, President and CEO
- Shares
- 5,251
- Price
- $198.06
- Value
- $1.04M
- Lowsley DeniseSale
14 May 2026, Executive Vice President
- Shares
- 4,175
- Price
- $191.73
- Value
- $800,473
Partial trades from one filing are shown in one row, with the average price.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Hanover Insurance Group
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
976 rated companies in Financial Services
- This company
- 85
- Sector median
- 68
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Insurance (Property & Casualty)
The next larger and next smaller companies by market value
- CNA FinancialCNA $13.06B64
- Erie IndemnityERIE $12.57B79
- Old Republic InternationalORI $9.58B78
- Kinsale Capital GroupKNSL $8.84B86
- DB Insurance005830.KS $7.69B74
- Definity FinancialDFY.TO $6.32B61
- RLIRLI $6.3B81
- Selective Insurance GroupSIGI $6.14B79
ETFs that hold Hanover Insurance Group
Held by 14 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Avantis Global Small Cap Value UCITS ETFAVWS | 0.40% | 0.39% | €1.47B |
| State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)SPYD | 0.33% | 0.35% | €3.62B |
| State Street SPDR S&P 400 U.S. Mid Cap UCITS ETF (Acc)SPY4 | 0.26% | 0.30% | €5.27B |
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| State Street SPDR MSCI USA Small Cap Value Weighted UCITS ETFZPRV | 0.17% | 0.30% | €944.34M |
| Franklin U.S. Equity UCITS ETFFLXU | 0.11% | 0.20% | €55.89M |
| iShares MSCI World Small Cap UCITS ETFIUSN | 0.09% | 0.35% | €8.19B |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.04% | 0.43% | €2.48B |
| UBS MSCI USA Select Factor Mix UCITS ETF USD accUSUE | 0.02% | 0.25% | €175.89M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 17 Jan 2025)
- Valuation signal Fairly valued since 10 Nov 2026, previously Undervalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.