Added to YB: 2025-10-06
Pitch date: 2025-10-05
THG [bullish]
The Hanover Insurance Group, Inc.
+6.84%
current return
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
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.
Market Cap
$6.9B
Pitch Price
$182.11
Price Target
210.00 (+8%)
Dividend
1.92%
EV/EBITDA
N/A
P/E
9.97
EV/Sales
1.12
Sector
Insurance
Category
value
Hanover Insurance - Equity Research Report
THG: Base case $210 (+14% upside), upside $230 (+25%). Trading 12.1x P/E vs peers 13.4x despite 16-18% ROE, 88% combined ratio, 11% EPS CAGR to 2026E ($16.65). Expense ratio improved 400bps to 30.5%. Specialty/small-commercial growth, strong agent distribution, 0.7x net debt/EBITDA, 21.5x interest coverage, 2% yield. Risks: cat losses, rate pressure.
Read full article (5 min)