Last Updated: 19 Sep 2024
Executive Summary
The Hanover Insurance Group Inc. (THG) is a leading provider of property and casualty insurance products and services in the United States. The company has a strong financial position, with a market capitalization of $5.36 billion and an EBITDA of $383.9 million. THG's stock price is currently trading at $149.58, near the middle of its 52-week range. The company's fundamentals are solid, with a P/E ratio of 19.79, a book value of $70.89, and a dividend yield of 0.0228%. THG's technical analysis is also positive, with the stock price above its 50-day and 200-day moving averages. The short-term outlook for THG is positive, with the company expected to continue to benefit from strong demand for insurance products and services. The long-term outlook for THG is also positive, with the company expected to continue to grow its market share and profitability.
Company Overview
The Hanover Insurance Group Inc. is a leading provider of property and casualty insurance products and services in the United States. The company offers a wide range of insurance products, including personal lines, commercial lines, and specialty lines. THG has a strong distribution network, with over 10,000 independent agents and brokers. The company is headquartered in Worcester, Massachusetts.
Fundamental Analysis
THG's fundamentals are solid. The company has a P/E ratio of 19.79, which is in line with the industry average. THG's book value is $70.89, which is also in line with the industry average. The company's dividend yield is 0.0228%, which is below the industry average.
THG's financial performance has been strong in recent years. The company's revenue has grown by an average of 5% per year over the past five years. THG's net income has grown by an average of 10% per year over the past five years. The company's EPS has grown by an average of 12% per year over the past five years.
Technical Analysis
THG's technical analysis is also positive. The stock price is above its 50-day and 200-day moving averages. The stock price is also in a bullish trend, with higher highs and higher lows.
Short Term Outlook
The short-term outlook for THG is positive. The company is expected to continue to benefit from strong demand for insurance products and services. The company's strong financial position and solid fundamentals should also support the stock price in the short term.
Long Term Outlook
The long-term outlook for THG is also positive. The company is expected to continue to grow its market share and profitability. The company's strong brand, distribution network, and financial position should all contribute to its long-term success.
Analyst Recommendations
Analysts have a positive view of THG. The average analyst rating for THG is "Buy." The average analyst target price for THG is $157.14.
