The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

THG

Concerning the House

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.

United States · www.hanover.com

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$6.59B+5.0%
Operating income$650.10M+21.7%
Net income$426.00M+22.4%
Cash from ops$1.18B+19.3%
Quotation

$223.19

+1.01 (+0.5%)

52w hi$232.63
52w lo$165.80
Vol201.81K
As ofAug 13
The Verdict

Buy

Our score +0.66

Short+0.55
Medium+0.75
Long+0.69

computed 2026-08-13

By the Numbers

The Hanover Insurance Group, Inc.

Financial Services · Insurance - Property & Casualty

Market cap$7.77B
Enterprise value$8.31B
Trailing P/E10.69x
Forward P/E11.46x
EV / EBITDA
P / S (ttm)1.15x
Profit margin11.2%
Return on equity21.9%
Revenue growth+4.3%
Earnings growth+24.9%
Debt / equity22.98
Risk Metrics
Beta vs SPX0.32
Corr SPX0.23
Annual vol22.3%
Annual ret+29.0%
Sharpe1.30
Max DD-14.0%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.36
Sector+0.09
Technical+0.43
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$224.00$224.57$220.89$223.19201.81K
Aug 12$220.12$224.61$219.24$222.18320.10K
Aug 11$224.56$225.96$221.92$221.94281.60K
Aug 10$227.58$229.04$224.91$225.75203.30K
Aug 7$229.00$231.32$227.06$229.08148.10K