The Hanover Insurance Stock Today

THG Stock  USD 135.54  3.80  2.88%   

Performance

13 of 100

 
Low
 
High
Good

Odds Of Distress

Less than 8

 
100  
 
Zero
Low
Hanover Insurance is trading at 135.54 as of the 28th of March 2024. This is a 2.88 percent up since the beginning of the trading day. The stock's lowest day price was 131.87. Hanover Insurance has only a 8 % chance of going through financial distress over the next few years and had a good performance during the last 90 days. Equity ratings for The Hanover Insurance are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Insurance
IPO Date
10th of October 1995
Category
Financial Services
Classification
Financials
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts. The company has 35.82 M outstanding shares of which 434.12 K shares are at this time shorted by investors with about 2.52 days to cover. More on The Hanover Insurance

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Hanover Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hanover Insurance's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hanover Insurance or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO - Chaucer Syndicates, Ltd.John Fowle
Thematic Ideas
(View all Themes)
Old NameTHAKRAL ORD/UN
Business ConcentrationProperty & Casualty Insurance, Insurance - Property & Casualty, Financial Services, NYSE Composite, Stock Exchange Of, SP Midcap 400, Insurance Providers, Real Estate, Financials, Insurance, Insurance—Property & Casualty, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Hanover Insurance report their recommendations after researching Hanover Insurance's financial statements, talking to executives and customers, or listening in on Hanover Insurance's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Hanover Insurance. The Hanover consensus assessment is calculated by taking the average forecast from all of the analysts covering Hanover Insurance.
Financial Strength
Based on the measurements of operating efficiency obtained from Hanover Insurance's historical financial statements, The Hanover Insurance is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in April. Financial strength of Hanover Insurance is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00260.0028
Notably Down
Pretty Stable
Asset Turnover0.50.4721
Notably Up
Slightly volatile
Gross Profit Margin0.80.9
Fairly Down
Slightly volatile
Total Current Liabilities5.2 B6.1 B
Fairly Down
Slightly volatile
Non Current Liabilities Total7.5 B4.1 B
Way Up
Pretty Stable
Total Assets13.4 B12.7 B
Notably Up
Slightly volatile
Total Current Assets2.3 B2.5 B
Significantly Down
Slightly volatile
Total Cash From Operating Activities334.3 M361.7 M
Significantly Down
Slightly volatile
Hanover Insurance's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hanover Insurance's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Hanover Insurance's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Hanover Insurance's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hanover Insurance's financial leverage. It provides some insight into what part of Hanover Insurance's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Hanover Insurance's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Hanover Insurance deploys its capital and how much of that capital is borrowed.
Liquidity
Hanover Insurance cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 783.2 M in debt with debt to equity (D/E) ratio of 0.34, which is OK given its current industry classification. Hanover Insurance has a current ratio of 0.35, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Hanover Insurance until it has trouble settling it off, either with new capital or with free cash flow. So, Hanover Insurance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hanover Insurance sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hanover to invest in growth at high rates of return. When we think about Hanover Insurance's use of debt, we should always consider it together with cash and equity.

Change In Working Capital

287.07 Million
The Hanover Insurance (THG) is traded on New York Stock Exchange in USA. It is located in 440 Lincoln Street, Worcester, MA, United States, 01653 and employs 4,800 people. Hanover Insurance is listed under Property & Casualty Insurance category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.72 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hanover Insurance's market, we take the total number of its shares issued and multiply it by Hanover Insurance's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hanover Insurance runs under Insurance sector within Financials industry. The entity has 35.82 M outstanding shares of which 434.12 K shares are at this time shorted by investors with about 2.52 days to cover. The Hanover Insurance has about 305 M in cash with 361.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.63.
Check Hanover Insurance Probability Of Bankruptcy
Ownership Allocation
Hanover Insurance secures a total of 35.82 Million outstanding shares. The majority of Hanover Insurance outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Hanover Insurance to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in The Hanover Insurance. Please pay attention to any change in the institutional holdings of Hanover Insurance as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Hanover Ownership Details

Hanover Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Hanover Insurance jumping above the current price in 90 days from now is about 5.31%. The The Hanover Insurance probability density function shows the probability of Hanover Insurance stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Hanover Insurance has a beta of 0.5722. This usually implies as returns on the market go up, Hanover Insurance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The Hanover Insurance will be expected to be much smaller as well. Additionally, the Hanover Insurance has an alpha of 0.1131, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 135.54HorizonTargetOdds Above 135.54
94.60%90 days
 135.54 
5.31%
Based on a normal probability distribution, the odds of Hanover Insurance to move above the current price in 90 days from now is about 5.31 (This The Hanover Insurance probability density function shows the probability of Hanover Stock to fall within a particular range of prices over 90 days) .

Hanover Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Hanover Insurance that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Hanover Insurance's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Hanover Insurance's value.
InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2023-12-31
760.8 K
Ameriprise Financial Inc2023-12-31
711.8 K
Macquarie Group Ltd2023-12-31
615.5 K
Alliancebernstein L.p.2023-12-31
602.5 K
Geode Capital Management, Llc2023-12-31
591.5 K
Principal Financial Group Inc2023-12-31
557.8 K
First Trust Advisors L.p.2023-12-31
548.4 K
Bank Of New York Mellon Corp2023-12-31
485.9 K
London Company Of Virginia2023-12-31
419.4 K
Vanguard Group Inc2023-12-31
3.6 M
Blackrock Inc2023-12-31
3.3 M
View Hanover Insurance Diagnostics

Hanover Insurance Historical Income Statement

The Hanover Insurance Income Statement is one of the three primary financial statements used for reporting Hanover's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Hanover Insurance revenue and expense. Hanover Insurance Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Hanover Insurance's Total Operating Expenses is most likely to increase significantly in the upcoming years. The Hanover Insurance's current Net Income Applicable To Common Shares is estimated to increase to about 220.3 M, while Interest Expense is projected to decrease to roughly 25.5 M. View More Fundamentals

Hanover Stock Against Markets

Picking the right benchmark for Hanover Insurance stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hanover Insurance stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hanover Insurance is critical whether you are bullish or bearish towards The Hanover Insurance at a given time. Please also check how Hanover Insurance's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hanover Insurance without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Hanover Insurance Corporate Directors

Hanover Insurance corporate directors refer to members of a Hanover Insurance board of directors. The board of directors generally takes responsibility for the Hanover Insurance's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Hanover Insurance's board members must vote for the resolution. The Hanover Insurance board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Harriett TaggartIndependent DirectorProfile
Theodore BuntingIndependent DirectorProfile
Kathleen LaneIndependent DirectorProfile
Jane CarlinIndependent DirectorProfile

How to buy Hanover Stock?

Before investing in Hanover Insurance, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hanover Insurance. To buy Hanover Insurance stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hanover Insurance. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Hanover Insurance stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located The Hanover Insurance stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased The Hanover Insurance stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as The Hanover Insurance, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Hanover Stock please use our How to Invest in Hanover Insurance guide.

Already Invested in The Hanover Insurance?

The danger of trading The Hanover Insurance is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hanover Insurance is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hanover Insurance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hanover Insurance is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Hanover Insurance is a strong investment it is important to analyze Hanover Insurance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hanover Insurance's future performance. For an informed investment choice regarding Hanover Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Hanover Insurance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Hanover Insurance information on this page should be used as a complementary analysis to other Hanover Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for Hanover Stock analysis

When running Hanover Insurance's price analysis, check to measure Hanover Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanover Insurance is operating at the current time. Most of Hanover Insurance's value examination focuses on studying past and present price action to predict the probability of Hanover Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Insurance's price. Additionally, you may evaluate how the addition of Hanover Insurance to your portfolios can decrease your overall portfolio volatility.
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Is Hanover Insurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hanover Insurance. If investors know Hanover will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hanover Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
16.105
Dividend Share
3.28
Earnings Share
0.94
Revenue Per Share
167.885
Quarterly Revenue Growth
0.034
The market value of Hanover Insurance is measured differently than its book value, which is the value of Hanover that is recorded on the company's balance sheet. Investors also form their own opinion of Hanover Insurance's value that differs from its market value or its book value, called intrinsic value, which is Hanover Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hanover Insurance's market value can be influenced by many factors that don't directly affect Hanover Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hanover Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanover Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanover Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.