Stocks · Financial Services · Insurance - Property & Casualty
The Hanover Insurance Group, Inc. THG
$219.43 +1.15% Close, Oct 2, 2026 · NYSE · Market cap $7.64B
Inexpensive vs sector
Next earnings report: Oct 28, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 8 quarters (average surprise over the last four: +28.6%).
- Diluted EPS over the last four quarters was $20.81, up 37.0% year over year.
- The stock is in an uptrend: above its 200-day average for 127 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth50Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 47%
- EPS growth (TTM, YoY)Top 29%
- FCF growth (TTM, YoY)Top 31%
- Revenue growth, 3-year CAGRBottom 20%
- Revenue growth accelerationBottom 46%
Quality71Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 32%
- Gross marginBottom 15%
- Operating marginBottom 31%
- Cash conversion (OCF / net income)Top 25%
- Accruals (lower is better)Top 21%
- Net debt / EBITDA (lower is better)Top 41%
- Interest coverTop 7%
Value94Exceptional
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 20%
- Free-cash-flow yieldTop 17%
- EBITDA / enterprise valueTop 18%
- Sales / enterprise valueTop 14%
- P/E vs own 5-year history (lower is better)Top 20%
Momentum73Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 29%
- 6-month returnTop 14%
- 1-year return vs S&P 500Top 30%
- Distance from 52-week highTop 36%
- Trend checklist (0–4)Top 48%
Revisions70Positive
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 10%
- Consecutive EPS beatsTop 13%
- Share of analysts rating BuyBottom 48%
- Upside to consensus price targetBottom 15%
Stability71Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 46%
- Maximum drawdown, 3 yearsTop 21%
- Beta vs S&P 500 (lower is better)Top 27%
- Net debt / EBITDA (lower is better)Top 41%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 6.6% | 5.8% | ↓ |
| EPS growth (YoY) | 65.1% | 37.0% | ↓ |
| Gross margin | 22.0% | 39.9% | ↑ |
| Operating margin | 11.0% | 14.3% | ↑ |
| FCF margin | 13.2% | 18.5% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 5.8% | 6.6% | ↓ | Bottom 47% |
| EPS growth (TTM, YoY) | 37.0% | 65.1% | ↓ | Top 29% |
| Gross margin | 39.9% | 22.0% | ↑ | Bottom 15% |
| Operating margin | 14.3% | 11.0% | ↑ | Bottom 31% |
| Net margin | 11.2% | 8.7% | ↑ | — |
| Free-cash-flow margin | 18.5% | 13.2% | ↑ | — |
| Return on invested capital | 4.5% | — | Top 32% | |
| Revenue growth, 3-year CAGR | 6.7% | — | Bottom 20% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.67×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -56.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.57×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 20.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.73%
- Net buyback yield (TTM)
- 2.86%
- Shareholder yield
- 4.60%
- Share count change, 1 year
- -0.3%
- Share count change, 3-year CAGR
- +0.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 8
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +28.6%
- Average 2-day reaction, last 8
- +0.1%
- Positive 20 days after report
- 8 of 8
Analysts
- Consensus price target
- $224.50
- Target vs current price
- +2.3%
- Analysts with a rating
- 22
- Share rating Buy or Strong Buy
- 45%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +38.3% | +2.1% | +5.8% | +3.6% | — |
| Apr 29, 2026 | +26.8% | -1.8% | +2.2% | +6.1% | +20.7% |
| Feb 3, 2026 | +15.1% | -0.3% | -1.7% | +2.7% | +1.7% |
| Oct 29, 2025 | +34.3% | -0.3% | +3.7% | +9.8% | +1.3% |
| Jul 30, 2025 | +41.7% | -0.7% | +2.8% | +4.0% | +5.3% |
| Apr 30, 2025 | +8.1% | +0.1% | +0.8% | +3.8% | +0.6% |
| Feb 4, 2025 | +54.2% | -0.3% | +5.5% | +10.5% | +8.2% |
| Oct 30, 2024 | +20.6% | +2.1% | +1.2% | +9.9% | +5.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $5.31 | $3.84 | +38.3% | $1.66B |
| Apr 29, 2026 | $5.25 | $4.14 | +26.8% | $1.56B |
| Feb 3, 2026 | $5.79 | $5.03 | +15.1% | $1.49B |
| Oct 29, 2025 | $5.09 | $3.79 | +34.3% | $1.66B |
| Jul 30, 2025 | $4.35 | $3.07 | +41.7% | $1.65B |
| Apr 30, 2025 | $3.87 | $3.58 | +8.1% | $1.60B |
| Feb 4, 2025 | $5.32 | $3.45 | +54.2% | $1.58B |
| Oct 30, 2024 | $3.05 | $2.53 | +20.6% | $1.57B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.5× | 13.2× | 22th | Top 20% |
| P/E (forward) | 10.8× | — | — | — |
| EV / EBITDA | 8.2× | — | — | Top 18% |
| EV / Sales | 1.22× | — | — | Top 14% |
| Free-cash-flow yield | 16.40% | — | — | Top 17% |
| Earnings yield | 9.48% | — | — | Top 20% |
P/E over the past five years
Range 9.5× – 143.1× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +20.9%
- Earnings per share growth (TTM)
- +37.0%
- Change in P/E multiple
- -1.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 127
- 50-day average slope (20 days)
- +1.6%
- 200-day average slope (20 days)
- +2.1%
- Distance from 50-day average
- -2.4%
- Distance from 200-day average
- +12.4%
- RSI (14)
- 45.2
- Relative volume
- 0.99×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 21.3%
- Volatility vs own 5-year history
- 39th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.36
- Correlation with S&P 500
- 0.24
- Current drawdown from 1-year high
- -5.8%
- Maximum drawdown, 3 years
- -14.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 20, 2022 | Aug 22, 2023 | -32.4% | 336 days | 291 days (Oct 17, 2024) |
| May 14, 2021 | Nov 30, 2021 | -14.7% | 138 days | 48 days (Feb 8, 2022) |
| Apr 2, 2025 | Apr 7, 2025 | -14.0% | 3 days | 37 days (May 30, 2025) |
| Nov 29, 2024 | Jan 10, 2025 | -10.8% | 27 days | 18 days (Feb 6, 2025) |
| Dec 15, 2025 | Jan 13, 2026 | -10.0% | 19 days | 74 days (Apr 30, 2026) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $7.64B
- P/E (TTM)
- 10.5
- EPS, diluted (TTM)
- $20.81
- Revenue (TTM)
- $6.76B
- Dividend yield
- 1.73%
- 52-week range
- $166.54 – $236.07
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $5.16B | $5.43B | $5.96B | $6.22B | $6.60B |
| Gross profit | $1.04B | $716.3M | $652.9M | $1.24B | $2.87B |
| Operating income | $521.3M | $144.0M | $41.1M | $537.8M | $843.8M |
| Net income | $422.8M | $116.0M | $35.3M | $426.0M | $662.5M |
| EPS (diluted) | $11.49 | $3.21 | $0.98 | $11.70 | $18.51 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.56B | $1.58B | $1.60B | $1.65B | $1.66B | $1.67B | $1.70B | $1.73B |
| Net income | $102.1M | $167.9M | $128.2M | $157.1M | $178.7M | $198.5M | $186.8M | $191.6M |
| EPS (diluted) | $2.80 | $4.59 | $3.50 | $4.30 | $4.91 | $5.47 | $5.15 | $5.28 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $823.7M | $722.3M | $361.7M | $806.4M | $1.18B |
| Capital expenditure | -$8.0M | -$17.8M | -$11.9M | -$10.2M | -$7.7M |
| Free cash flow | $815.7M | $704.5M | $349.8M | $796.2M | $1.17B |
| Dividends paid | -$102.2M | -$108.9M | -$117.2M | -$124.1M | -$130.6M |
| Net share buybacks | -$162.6M | -$30.8M | $0 | -$26.7M | -$113.8M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.02B
- Total assets
- $16.86B
- Total liabilities
- $13.19B
- Total debt
- $844.0M
- Net debt
- $577.9M
- Shareholders’ equity
- $3.67B
As of Jun 30, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 11, 2026 | $0.95 | Sep 25, 2026 |
| Jun 12, 2026 | $0.95 | Jun 26, 2026 |
| Mar 13, 2026 | $0.95 | Mar 27, 2026 |
| Dec 12, 2025 | $0.95 | Dec 26, 2025 |
| Sep 12, 2025 | $0.90 | Sep 26, 2025 |
| Jun 13, 2025 | $0.90 | Jun 27, 2025 |
| Mar 14, 2025 | $0.90 | Mar 28, 2025 |
| Dec 13, 2024 | $0.90 | Dec 27, 2024 |
Short interest
- Shares sold short
- 742,877
- Days to cover
- 2.91
- Change vs previous report
- +4.0%
FINRA short interest, settlement date Sep 15, 2026.