Grufity logoGrufity logo

Hanover Insurance Group Inc Stock Research

THG

127.24USD+1.60(+1.27%)Market Closed

Market Summary

USD127.24+1.60
Market Closed
1.27%

THG Alerts

THG Stock Price

THG RSI Chart

THG Valuation

Market Cap

4.5B

Price/Earnings (Trailing)

39.05

Price/Sales (Trailing)

0.83

EV/EBITDA

22.12

Price/Free Cashflow

6.43

THG Price/Sales (Trailing)

THG Profitability

EBT Margin

2.63%

Return on Equity

4.99%

Return on Assets

0.83%

Free Cashflow Yield

15.55%

THG Fundamentals

THG Revenue

Revenue (TTM)

5.5B

Revenue Y/Y

7.27%

Revenue Q/Q

8.23%

THG Earnings

Earnings (TTM)

116.0M

Earnings Y/Y

-107.09%

Earnings Q/Q

-5.9K%

Price Action

52 Week Range

123.36155.55
(Low)(High)

Last 7 days

-6.0%

Last 30 days

-12.7%

Last 90 days

-5.9%

Trailing 12 Months

-11.8%

THG Financial Health

THG Investor Care

Buy Backs (1Y)

0.28%

Diluted EPS (TTM)

3.21

Peers (Alternatives to Hanover Insurance Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.5B
49.6B
-3.33% 25.86%
115.74
1.68
4.00% -78.47%
40.0B
36.9B
-11.25% -6.12%
14.06
1.08
5.94% -22.39%
38.3B
56.4B
-22.60% -17.13%
3.73
0.68
8.41% 9.46%
29.5B
51.4B
-18.97% -12.44%
-20.82
0.57
1.63% -195.35%
24.8B
12.1B
-11.42% 23.49%
41.48
2.05
1.63% -56.71%
23.3B
22.4B
-16.76% -3.54%
11.93
1.05
-0.13% -23.26%
11.4B
6.8B
0.57% 29.95%
32.11
0.97
-36.57% -61.35%
10.2B
7.0B
-13.98% -9.38%
11.39
1.45
7.45% -54.99%
MID-CAP
8.6B
6.3B
-14.12% 28.23%
-8.11
1.36
21.94% -2542.77%
4.0B
-
-8.96% -17.12%
-4.13
4.2
-80.45% -283.49%
SMALL-CAP
1.4B
1.4B
-7.46% -16.42%
-543.45
1.02
3.97% -101.82%
1.4B
327.1M
6.70% -11.03%
26.51
4.23
39.88% 13.79%
1.0B
1.1B
-7.52% -28.26%
-2.5K
0.91
-1.58% -100.28%
812.7M
813.7M
-5.54% 1.51%
26.24
1
5.28% 117.92%

Financials for Hanover Insurance Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.9%5,4695,3685,2775,2765,228
EBITDA-53.6%191412454588-
EBITDA Margin-54.5%0.03*0.08*0.09*0.11*-
Earnings Before Taxes-60.4%144364406537521
EBT Margin-61.1%0.03*0.07*0.08*0.10*-
Interest Expenses0.3%34.0034.0034.0034.0034.00
Net Income-60.2%116291325431419
Net Income Margin-60.9%0.02*0.05*0.06*0.08*-
Free Cahsflow-4.3%705736709871-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets1.8%13,99713,74613,60113,84714,254
    Cash Equivalents85.1%305165146272231
  Goodwill0%179179179179179
Liabilities1.9%11,67211,45011,02911,01411,109
Shareholder's Equity1.3%2,3262,2962,5722,8333,145
  Retained Earnings-1.3%2,9893,0303,0573,0612,983
  Additional Paid-In Capital0.5%1,9131,9051,8971,8881,887
Shares Outstanding0%36.0036.0036.00--
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-4.0%722752723882824
  Share Based Compensation3.9%29.0028.0026.0024.0023.00
Cashflow From Investing15.2%-507-598-517-493-460
Cashflow From Financing12.0%-140-159-166-228-253
  Dividend Payments2.1%109107105103102
  Buy Backs-39.4%31.0051.0064.00134163

Risks for THG

What is the probability of a big loss on THG?

19.6%


Probability that Hanover Insurance Group stock will be more than 20% underwater in next one year

18.5%


Probability that Hanover Insurance Group stock will be more than 30% underwater in next one year.

0%


Probability that Hanover Insurance Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does THG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Hanover Insurance Group was unfortunately bought at previous high price.

Drawdowns

Returns for THG

Cumulative Returns on THG

14.0%


10-Year Cumulative Returns

8.5%


7-Year Cumulative Returns

4.2%


5-Year Cumulative Returns

8.5%


3-Year Cumulative Returns

What are the long-term rolling returns for THG?

FIve years rolling returns for Hanover Insurance Group.

Annualized Returns

Which funds bought or sold THG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-13
Claro Advisors LLC
added
1.26
-42,532
620,468
0.20%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
2.86
10,010,000
128,123,000
0.14%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-3.28
1,000
90,000
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
43,917
43,917
-%
2023-02-28
Voya Investment Management LLC
reduced
-40.33
-3,900,010
6,617,990
0.01%
2023-02-24
NATIXIS
sold off
-100
-1,051,000
-
-%
2023-02-24
SRS Capital Advisors, Inc.
added
6.35
17,626
160,626
0.02%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
41,000
784,000
0.01%
2023-02-21
MACQUARIE GROUP LTD
reduced
-32.01
-30,670,000
77,554,000
0.09%
2023-02-21
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC
reduced
-36.03
-214,152
444,848
0.01%

1–10 of 50

Latest Funds Activity

Are funds buying THG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own THG
No. of Funds

Hanover Insurance Group News

Defense World

The Hanover Insurance Group (NYSE:THG) Sets New 12-Month ....

Defense World,
21 hours ago

Marketscreener.com

Schedule 13G FIlings of Hanover Insurance Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
10.44%
3,712,029
SC 13G/A
Jan 24, 2023
blackrock inc.
9.4%
3,337,724
SC 13G/A
Feb 10, 2022
vanguard group inc
10.36%
3,687,024
SC 13G/A
Feb 01, 2022
blackrock inc.
9.0%
3,185,224
SC 13G/A
Feb 10, 2021
vanguard group inc
10.05%
3,743,358
SC 13G/A
Jan 29, 2021
blackrock inc.
8.6%
3,219,346
SC 13G/A
Feb 12, 2020
vanguard group inc
11.21%
4,416,584
SC 13G/A
Feb 05, 2020
blackrock inc.
9.3%
3,668,766
SC 13G

THG Fair Value

Hanover Insurance Group fair value in different scenarios

The table shows the Fair Value estimates for Hanover Insurance Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

91.38

-28.18%

110.72

-12.98%

146.53

15.16%

210.78

65.66%

269.09

111.48%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Hanover Insurance Group Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Hanover Insurance Group

View All Filings
Date Filed Form Type Document
Mar 02, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading

Latest Insider Trading transactions for THG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
BARNES WARREN E.
sold
-119,396
138
-862
svp &princpl. accntg. officer
2023-02-28
Salvatore Bryan J
sold (taxes)
-202,385
139
-1,451
executive vice president
2023-02-28
Kerrigan Dennis Francis
sold (taxes)
-152,312
139
-1,092
executive vice president
2023-02-28
BARNES WARREN E.
sold (taxes)
-52,444
139
-376
svp & princpl. accntg. officer
2023-02-28
FARBER JEFFREY M
sold (taxes)
-747,613
139
-5,360
executive vice president
2023-02-28
LAVEY RICHARD W
sold (taxes)
-211,452
139
-1,516
executive vice president
2023-02-28
Roche John C
sold (taxes)
-1,397,170
139
-10,017
president and ceo
2023-02-28
Lee Willard T
sold (taxes)
-69,740
139
-500
executive vice president
2023-02-27
Kerrigan Dennis Francis
acquired
-
-
3,620
executive vice president
2023-02-27
LOVELY DAVID JOHN
acquired
-
-
670
executive vice president

1–10 of 50

John C. Roche
4400
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. 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.

THG Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Premiums$ 5,252.3$ 4,770.2$ 4,527.4
Net investment income296.3310.7265.1
Net realized and unrealized investment gains (losses):   
Net realized gains (losses) from sales and other(26.5)4.617.9
Net change in fair value of equity securities(63.3)119.113.4
Recoveries (Impairments) on Investments [Abstract]   
Credit-related recoveries (impairments)(1.9)0.3(9.8)
Losses on intent to sell securities(14.8)(1.0)(16.5)
Recoveries (impairments) on investments(16.7)(0.7)(26.3)
Total net realized and unrealized investment gains (losses)(106.5)123.05.0
Fees and other income26.523.927.3
Total revenues5,468.65,227.84,824.8
Losses and expenses   
Losses and loss adjustment expenses3,623.43,134.22,845.2
Amortization of deferred acquisition costs1,093.2982.7951.0
Interest expense34.134.037.1
Loss on repayment of debt  6.2
Other operating expenses573.9555.6540.5
Total losses and expenses5,324.64,706.54,380.0
Income from continuing operations before income taxes144.0521.3444.8
Income tax expense (benefit):   
Current73.777.5105.9
Deferred(46.5)23.8(23.1)
Total income tax expense27.2101.382.8
Income from continuing operations116.8420.0362.0
Discontinued operations:   
Net income$ 116.0$ 418.7$ 358.7
Basic:   
Income from continuing operations$ 3.28$ 11.70$ 9.61
Net income per share$ 3.26$ 11.67$ 9.52
Weighted average shares outstanding35.635.937.7
Diluted:   
Income from continuing operations$ 3.23$ 11.52$ 9.50
Net income per share$ 3.21$ 11.49$ 9.42
Weighted average shares outstanding36.136.438.1
Chaucer [Member]   
Discontinued operations:   
Income (loss) from discontinued businesses, net of taxes $ 1.2$ 0.4
Basic:   
Income from Chaucer business, net of taxes $ 0.03$ 0.01
Diluted:   
Income (loss) from discontinued businesses, net of taxes $ 0.03$ 0.01
Life [Member]   
Discontinued operations:   
Income (loss) from discontinued businesses, net of taxes$ (0.8)$ (2.5)$ (3.7)
Basic:   
Income from Chaucer business, net of taxes$ (0.02)$ (0.06)$ (0.09)
Diluted:   
Income (loss) from discontinued businesses, net of taxes$ (0.02)$ (0.06)$ (0.10)

THG Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets  
Fixed maturities, at fair value (amortized cost of $8,294.5 and $7,514.8)$ 7,481.8$ 7,723.9
Equity securities, at fair value241.9661.3
Other investments786.1767.4
Total investments8,509.89,152.6
Cash and cash equivalents305.0230.9
Accrued investment income54.549.8
Premiums and accounts receivable, net1,601.41,469.5
Reinsurance recoverable on paid and unpaid losses and unearned premiums1,964.51,907.3
Deferred acquisition costs604.8552.0
Deferred income tax asset199.2 
Goodwill178.8178.8
Other assets493.0606.3
Assets of discontinued businesses86.2107.1
Total assets13,997.214,254.3
Liabilities  
Loss and loss adjustment expense reserves7,012.66,447.6
Unearned premiums2,954.22,734.9
Expenses and taxes payable731.7907.7
Deferred income tax liability 60.8
Reinsurance premiums payable70.355.1
Debt782.4781.6
Liabilities of discontinued businesses120.4121.7
Total liabilities11,671.611,109.4
Commitments and contingencies
Shareholders’ Equity  
Preferred stock, par value $0.01 per share; 20.0 million shares authorized; none issued
Common stock, par value $0.01 per share; 300.0 million shares authorized; 60.5 million shares issued0.60.6
Additional paid-in capital1,913.11,887.2
Accumulated other comprehensive income (loss)(705.5)122.2
Retained earnings2,988.82,983.2
Treasury stock at cost (24.9 and 25.0 million shares)(1,871.4)(1,848.3)
Total shareholders’ equity2,325.63,144.9
Total liabilities and shareholders’ equity$ 13,997.2$ 14,254.3