옵션 체인은 다양한 행사가격과 만기일에 대한 Hanover Insurance Gr의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Hanover Insurance Gr에 대한 시장 심리를 평가합니다..

Hanover Insurance Gr (NYSE:THG) 주식, 옵션 체인

Hanover Insurance Gr

The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.

The Hanover Insurance Group Inc

Thetan Arena

THG HLDGS PLC UNSP/ADR by THG Holdings PLC.

THG PLC

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>William Blair analyst Dylan Carden downgraded the rating for Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) from Outperform to Market Perform. Ulta Beauty shares closed at $343.26 on Wednesday. <a href="https://www.benzinga.com/quote/ULTA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e331a5064ed0001730315/ronald-epstein">B of A Securities analyst Ronald Epstein</a> downgraded RBC Bearings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) from Buy to Neutral but raised the price target from $330 to $335. RBC Bearings shares closed at $324.46 on Wednesday. <a href="https://www.benzinga.com/quote/RBC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Janney Montgomery Scott analyst Robert Farnam downgraded The Hartford Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) from Buy to Neutral and announced a $176 price target. Hanover Insurance shares closed at $118.21 on Wednesday. <a href="https://www.benzinga.com/quote/THG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>China Renaissance analyst Yiwen Zhang downgraded the rating for Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) from Buy to Hold and announced a $5.4 price target. Grab Holdings shares closed at $5.66 on Wednesday. <a href="https://www.benzinga.com/quote/PNW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities analyst John Murphy downgraded Adient plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) from Buy to Neutral and lowered the price target from $30 to $24. Adient shares closed at $19.06 on Wednesday. <a href="https://www.benzinga.com/quote/ADNT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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GRAB

ULTA

This Ulta Beauty Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Hanover Insurance Gr, revealing an average target of $171.86, a high estimate of $177.00, and a low estimate of $160.00. Observing a 6.41% increase, the current average has risen from the previous average price target of $161.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1732201240_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Hanover Insurance Gr is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Robert Farnam</td>
<td>Janney Montgomery Scott</td>
<td>Announces</td>
<td>Neutral</td>
<td>$176.00</td>
<td>-</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$170.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$175.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$177.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$175.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$158.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Hanover Insurance Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Hanover Insurance Gr compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Hanover Insurance Gr's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Hanover Insurance Gr's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/THG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hanover Insurance Gr analyst ratings.</a>
<h2>Unveiling the Story Behind Hanover Insurance Gr</h2>
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
<h3>Unraveling the Financial Story of Hanover Insurance Gr</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Hanover Insurance Gr displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.5%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Hanover Insurance Gr's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 6.54%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Hanover Insurance Gr's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.76%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Hanover Insurance Gr's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.68%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Hanover Insurance Gr's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.27.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Hanover Insurance Gr

Janney Montgomery Scott analyst Robert Farnam downgrades Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) from Buy to Neutral and announces $176 price target.

Price Target

Janney Montgomery Scott Downgrades Hanover Insurance Gr to Neutral, Announces $176 Price Target

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Perform and raises the price target from $164 to $170.

Keefe, Bruyette & Woods Maintains Market Perform on Hanover Insurance Gr, Raises Price Target to $170

Ratings for Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Hanover Insurance Gr, revealing an average target of $165.57, a high estimate of $177.00, and a low estimate of $144.00. Witnessing a positive shift, the current average has risen by 4.6% from the previous average price target of $158.29.
<img src="https://www.benzinga.com/files/images/story/2024/1730484078_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Hanover Insurance Gr's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$175.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$177.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$175.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$144.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$158.00</td>
<td>$161.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hanover Insurance Gr. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Hanover Insurance Gr compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Hanover Insurance Gr's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Hanover Insurance Gr's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/THG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hanover Insurance Gr analyst ratings.</a>
<h2>All You Need to Know About Hanover Insurance Gr</h2>
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
<h3>Key Indicators: Hanover Insurance Gr's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Hanover Insurance Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 2.95%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Hanover Insurance Gr's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 2.64%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Hanover Insurance Gr's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.6%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.27%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Hanover Insurance Gr's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.31, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Hanover Insurance Gr Stock: A Deep Dive Into Analyst Perspectives (7 Ratings)

Piper Sandler analyst Paul Newsome maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Overweight and raises the price target from $162 to $175.

Piper Sandler Maintains Overweight on Hanover Insurance Gr, Raises Price Target to $175

Oppenheimer analyst Michael Phillips maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Outperform and raises the price target from $165 to $177.

Oppenheimer Maintains Outperform on Hanover Insurance Gr, Raises Price Target to $177

JMP Securities analyst Matthew Carletti maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Outperform and raises the price target from $160 to $175.

JMP Securities Maintains Market Outperform on Hanover Insurance Gr, Raises Price Target to $175

Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) reported quarterly earnings of $3.05 per share which beat the analyst consensus estimate of $2.53 by 20.55 percent. This is a 1505.26 percent increase over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $1.48 billion which missed the analyst consensus estimate of $1.67 billion by 11.25 percent. This is a 3.35 percent increase over sales of $1.43 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Hanover Insurance Q3 2024 Adj EPS $3.05 Beats $2.53 Estimate, Sales $1.48B Miss $1.67B Estimate

Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Hanover Insurance Gr to report an earnings per share (EPS) of $2.46.
Hanover Insurance Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
In the previous earnings release, the company beat EPS by $0.31, leading to a 1.79% drop in the share price the following trading session.
Here's a look at Hanover Insurance Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.57</td>
<td>2.71</td>
<td>2.73</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.88</td>
<td>3.08</td>
<td>3.13</td>
<td>0.19</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>-0.0%</td>
<td>-0.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730217696_0.png" alt="eps graph" />
<h3>Tracking Hanover Insurance Gr's Stock Performance</h3>
Shares of Hanover Insurance Gr were trading at $149.15 as of October 28. Over the last 52-week period, shares are up 23.71%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/THG/earnings">To track all earnings releases for Hanover Insurance Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What to Expect from Hanover Insurance Gr's Earnings

JMP Securities analyst Matthew Carletti reiterates Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Outperform and maintains $160 price target.

Reiteration

JMP Securities Reiterates Market Outperform on Hanover Insurance Gr, Maintains $160 Price Target

Throughout the last three months, 5 analysts have evaluated Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $158.8, a high estimate of $170.00, and a low estimate of $144.00. Observing a 4.75% increase, the current average has risen from the previous average price target of $151.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1728590434_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Hanover Insurance Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$170.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$144.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$158.00</td>
<td>$161.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$162.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Hanover Insurance Gr. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Hanover Insurance Gr compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Hanover Insurance Gr's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Hanover Insurance Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/THG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hanover Insurance Gr analyst ratings.</a>
<h2>Delving into Hanover Insurance Gr's Background</h2>
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
<h3>Financial Insights: Hanover Insurance Gr</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Hanover Insurance Gr's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.95% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Hanover Insurance Gr's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 2.64%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Hanover Insurance Gr's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.6%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Hanover Insurance Gr's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.27%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.31, Hanover Insurance Gr faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 5 Analyst Evaluations For Hanover Insurance Gr

B of A Securities analyst Grace Carter maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Neutral and raises the price target from $158 to $170.

B of A Securities Maintains Neutral on Hanover Insurance Gr, Raises Price Target to $170

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor&#39;s dream. However, when you&#39;re an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company&#39;s earnings paid out to shareholders; it&#39;s often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
<h2>Hanover Insurance Group in Focus</h2>
Hanover Insurance Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/thg#NYSE">THG</a>) is headquartered in Worcester, and is in the Finance sector. The stock has seen a price change of 21.43% since the start of the year. The insurance company is paying out a dividend of $0.85 per share at the moment, with a dividend yield of 2.31% compared to the Insurance - Property and Casualty industry&#39;s yield of 0.35% and the S&amp;P 500&#39;s yield of 1.58%.
Taking a look at the company&#39;s dividend growth, its current annualized dividend of $3.40 is up 3.7% from last year. Over the last 5 years, Hanover Insurance Group has increased its dividend 5 times on a year-over-year basis for an average annual increase of 7.28%. Any future dividend growth will depend on both earnings growth and the company&#39;s payout ratio; a payout ratio is the proportion of a firm&#39;s annual earnings per share that it pays out as a dividend. Hanover Insurance&#39;s current payout ratio is 41%, meaning it paid out 41% of its trailing 12-month EPS as dividend.
THG is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2024 is $10.85 per share, representing a year-over-year earnings growth rate of 595.51%.
<h2>Bottom Line</h2>
From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout.
Big, established firms that have more secure profits are often seen as the best dividend options, but it&#39;s fairly uncommon to see high-growth businesses or tech start-ups offer their stockholders a dividend. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, THG presents a compelling investment opportunity; it&#39;s not only an attractive dividend play, but the stock also boasts a strong Zacks Rank of #2 (Buy).
<a href="https://www.zacks.com/stock/news/2334130/why-hanover-insurance-group-thg-is-a-top-dividend-stock-for-your-portfolio?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_5-2334130">To read this article on Zacks.com click here.</a>

Mid Cap

Dividends

Markets

Why Hanover Insurance Group is a Top Dividend Stock for Your Portfolio

Throughout the last three months, 4 analysts have evaluated Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>), offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $156.0, along with a high estimate of $162.00 and a low estimate of $144.00. Observing a 4.0% increase, the current average has risen from the previous average price target of $150.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1723557621_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Hanover Insurance Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$144.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Grace Carter</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$158.00</td>
<td>$161.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$162.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Matthew Carletti</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$160.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hanover Insurance Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Hanover Insurance Gr compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Hanover Insurance Gr's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Hanover Insurance Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/THG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hanover Insurance Gr analyst ratings.</a>
<h2>Get to Know Hanover Insurance Gr Better</h2>
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
<h3>Hanover Insurance Gr: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Hanover Insurance Gr's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.95% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Hanover Insurance Gr's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 2.64%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Hanover Insurance Gr's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.6%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Hanover Insurance Gr's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.27%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Hanover Insurance Gr's debt-to-equity ratio stands notably higher than the industry average, reaching 0.31. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For Hanover Insurance Gr

Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Perform and raises the price target from $142 to $144.

Keefe, Bruyette & Woods Maintains Market Perform on Hanover Insurance Gr, Raises Price Target to $144

California has faced numerous wildfires in recent memory as <a href="https://www.benzinga.com/topic/climate-change">climate change-induced weather</a> wreaks havoc on the Golden State. Which companies could be affected by the <a href="https://www.benzinga.com/markets/equities/24/08/40112086/august-heat-wave-grips-us-12-stocks-to-watch-as-blistering-temperatures-affect-nearly-150-millio">ongoing Park Fire</a> in Northern California?
Park Fire Rundown: The Park fire, the largest wildfire currently burning in the U.S., has ravaged over 426,000 acres in Northern California, particularly within Lassen National Forest, according <a href="https://www.nytimes.com/2024/08/08/us/park-fire-california.html?partner=slack&amp;smid=sl-share">to</a> the New York Times.
The fire, ignited by an arson attack on July 24 near Chico in Butte County, has destroyed hundreds of homes and structures and was 34% contained as of Wednesday. 
The fire spread rapidly due to hot, dry conditions and dense vegetation. Due to the region&#8217;s rugged terrain, firefighters face difficulties in managing the fire. This fire has become the fourth largest in California history and could surpass the third-largest Mendocino Complex fire.
Experts attribute its intensity to climate change&#8217;s impact on California&#8217;s weather conditions. The hotter, drier climate extended and worsened wildfire seasons.
The fire is in a similar region to the deadly 2018 Camp Fire in Butte County.
Market Implications: California wildfires can negatively affect several companies, including those in the insurance, utilities and logistics industries.
Hanover Insurance Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) and Mercury General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCY#NYSE">MCY</a>) each took hits in the aftermath of the 2018 Camp Fire.
It is unclear what PG&amp;E Corp&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) exposure is to the Park Fire. The utility provider, which supplies electricity to the region, <a href="https://krcrtv.com/news/local/pge-restores-power-to-over-2000-customers-affected-by-the-park-fire">confirmed</a> that it left some customers without power. A failure in PG&amp;E&#8217;s electrical infrastructure caused the 2018 Camp Fire; the company <a href="https://www.benzinga.com/news/20/06/16327971/pg-e-bankruptcy-plan-gets-court-approval">later pleaded guilty</a> to the deaths of 84 victims of the fire.
Water utility firm California Water Service Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWT#NYSE">CWT</a>) operates in Chico and nearby Oroville.
Union Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) seemingly <a href="https://www.up.com/aboutup/reference/maps/system_map/index.htm">operates</a> railway lines close to the site of the fire. The lines connect Sacramento to the Pacific Northwest and Reno, Nevada.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/08/40224567/as-tropical-storm-debby-hits-south-carolina-bettors-predict-an-aggressive-hurricane-season-will-it-b">As Tropical Storm Debby Hits South Carolina, Bettors Predict An Aggressive Hurricane Season: Will It Be The Worst Ever?</a></li>
</ul>

Equities

Events

The Park Fire Rages On: Which Companies Could Be Affected By California's Fourth-Largest Wildfire Ever?

B of A Securities analyst Grace Carter maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Neutral and lowers the price target from $161 to $158.

B of A Securities Maintains Neutral on Hanover Insurance Gr, Lowers Price Target to $158

Piper Sandler analyst Paul Newsome maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Overweight and raises the price target from $147 to $162.

Piper Sandler Maintains Overweight on Hanover Insurance Gr, Raises Price Target to $162

JMP Securities analyst Matthew Carletti maintains Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) with a Market Outperform and raises the price target from $150 to $160.

JMP Securities Maintains Market Outperform on Hanover Insurance Gr, Raises Price Target to $160

In a report released today, Matthew Carletti from JMP Securities reiterated a Buy rating on Hanover Insurance (THG – Research Report), with a price...

JMP Securities Reaffirms Their Buy Rating on Hanover Insurance (THG)

There's a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Hanover Insurance (THG – Research Report), Trinity Ca...

Analysts Offer Insights on Financial Companies: Hanover Insurance (THG), Trinity Capital (TRIN) and Coinbase Global (COIN)

The Hanover Insurance Group, Inc. 2024 Q3 - Results - Earnings Call Presentation

The Hanover Insurance Group, Inc. (THG) Q3 2024 Earnings Call Transcript

Rising healthcare costs, cutting-edge technology, and escalating geopolitical tensions are supercharging growth in the insurance industry. This landscape presents prime opportunities for The Progressive Corporation (PGR), Primerica (PRI), and The Hanover Insurance Group (THG) to thrive and deliver substantial value for investors, even with their premium valuations. Read on… Rising healthcare expenses, technological advancements, and increasing geopolitical threats are driving significant growth in the insurance industry. As these dynamics evolve, the sector presents promising opportunities for expansion.
With that in mind, investors could consider investing in shares of fundamentally sound insurance stocks, The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>), Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>), and The Hanover Insurance Group, Inc. (<a href="https://stocknews.com/stock/THG/">THG</a>), that stand out as potentially rewarding investments despite their premium valuations.
The rise in healthcare expenses is fueling demand in the health insurance sector. In fact, a report by Mordor Intelligence projects that the U.S. health and medical insurance market could reach $2.01 trillion by 2029, growing at <a href="https://www.mordorintelligence.com/industry-reports/united-states-health-and-medical-insurance-market/market-size">a CAGR exceeding 6%</a>. This indicates a steady, expanding market.
Moreover, advancements in artificial intelligence (AI) continue to transform risk assessment and claims management for insurers. By enabling enhanced data analysis and faster decision-making, AI can improve both customer service and operational efficiency, making it a critical tool for the industry's growth and adaptation to challenges.
Global geopolitical tensions are another factor boosting the insurance industry. As risks rise, insurers are capitalizing on this environment, seeing substantial opportunities for expansion. Polaris Market Research forecasts the property and casualty insurance market to reach $3.79 trillion by 2032, with <a href="https://www.polarismarketresearch.com/industry-analysis/property-and-casualty-insurance-market">a projected CAGR of 8.3%</a>.
Furthermore, Deloitte's 2025 global insurance outlook estimates that insurance premiums will <a href="https://www2.deloitte.com/us/en/insights/industry/financial-services/financial-services-industry-outlooks/insurance-industry-outlook.html">grow by 3.3% in 2024</a>, with advanced markets expected to account for 75% of this increase. This growth reflects strong demand and underscores the value of the insurance sector as an attractive option for investors.
Against this backdrop, investors could consider buying insurance stocks with high <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">P/E ratios</a>. Even though they come at a premium cost, these stocks offer excellent growth opportunities. Now, let us discuss the fundamentals of three high P/E insurance stocks, starting with #3.
Stock #3: The Progressive Corporation (<a href="https://stocknews.com/stock/PGR/">PGR</a>)
PGR works as an insurance holding company, providing personal and commercial auto, business related general liability, personal residential and commercial property, and other insurance products and services. Its three operational segments are: Personal Lines; Commercial Lines; and Property.
PGR's forward non-GAAP P/E of 18.61x is 53.6% higher than the industry average of 12.12x. Its forward EV/EBIT multiple of 14.21 is 16.3% higher than the sector average of 12.22x. Likewise, the stock's forward Price/Book of 5.11x is 324.2% higher than the industry average of 1.20x.
Despite its premium valuation, PGR demonstrates strong profitability, backed by impressive financial metrics. PGR's trailing-12-month levered FCF margin of 19.09% is 4.7% higher than the industry average of 18.24%. Its trailing-12-month asset turnover ratio of 0.75x is 247.6% higher than the sector average of 0.22x.
Likewise, the stock's ROTC of 22.56% is 230.3% higher than the industry average of 6.83%.
For the fiscal 2024 second quarter that ended on June 30, PGR's total revenues increased 18.1% year-over-year to $18.13 billion. Its <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS grew 322.3% and 335.1% from the prior year's quarter, respectively, to $1.46 billion and $2.48. As of June 30, 2024, PGR's total assets amounted to $97.89 billion, compared to $88.69 billion on December 31, 2023.
Analysts expect PGR's revenue for the fiscal fourth quarter (ending December 2024) to increase 22.8% year-over-year to $18.57 billion. Its EPS is expected to grow 2.6% from the prior year's period to $3.05. Moreover, the company surpassed the consensus revenue and EPS estimates in three of the four trailing quarters.
Shares of PGR have surged 35.8% over the past nine months and 52.1% over the past year to close the last trading session at $242.72.
PGR's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
PGR has an A grade for Momentum. It is ranked #25 out of 55 stocks in the A-rated <a href="https://stocknews.com/category/property-casualty-insurance/">Insurance - Property &amp; Casualty</a> industry.
To check the stock's ratings for Growth, Value, Sentiment, Quality, and Stability <a href="https://stocknews.com/stock/PGR/">click here</a>.
Stock #2: Primerica, Inc. (<a href="https://stocknews.com/stock/PRI/">PRI</a>)
PRI engages in providing financial products and services to middle-income households in the United States and Canada. The company's operational segments include Term Life Insurance; Investment and Savings Products; Senior Health; and Corporate and Other Distributed Products.
PRI's forward non-GAAP P/E of 15.09x is 24.5% higher than the industry average of 12.12x. The stock's forward EV/Sales of 3.60x is 11.2% higher than the sector average of 3.24x. Additionally, its forward Price/Book multiple of 4.17 is 246.3% higher than the 1.20x industry average.
Even with a higher valuation, PGR stands out for its profitability, boasting solid performance across core financial metrics. PRI's trailing-12-month gross profit margin of 66.52% is 9.8% higher than the industry average of 60.60%. The stock's trailing-12-month levered FCF margin of 32.83% is 80% higher than the sector average of 18.24%.
Furthermore, its trailing-12-month EBITDA margin of 31.35% is 44.7% higher than the 21.66% industry average.
For the fiscal 2024 second quarter that ended June 30, PRI's total revenues increased 16.7% year-over-year to $803.38 million. Its adjusted net operating income and adjusted operating EPS grew 11.9% and 18% from the prior year's quarter to $162.75 million and $4.71, respectively.
As of June 30, 2024, PRI's cash and cash equivalents amounted to $627.29 million, compared to $613.15 million on December 31, 2023.
Street expects PRI's revenue and EPS for the fiscal third quarter (ended September 2024) to grow 4.9% and 12.3% year-over-year to $745.70 million and $4.81, respectively. Moreover, the company topped the consensus revenue estimates in all four trailing quarters, which is impressive.
PRI's shares have surged 27.3% over the past six months and 41.2% over the past year to close the last trading session at $274.44.
PRI's solid prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
PRI has an A grade for Momentum and a B for Stability and Sentiment. It is ranked #8 out of 26 stocks in the B-rated <a href="https://stocknews.com/category/life-insurance/">Insurance – Life industry</a>.
<a href="https://stocknews.com/stock/PRI/">Click here</a> to see PRI's ratings for Quality, Value, and Growth.
Stock #1: The Hanover Insurance Group, Inc. (<a href="https://stocknews.com/stock/THG/">THG</a>)
THG provides property and casualty insurance solutions. It operates through four segments: Core Commercial; Specialty; Personal Lines; and Other. The company markets its products and services through independent agents and brokers, offering customized coverage options to meet diverse client needs.
THG's forward non-GAAP P/E of 13.15x is 8.5% higher than the industry average of 12.12x. Its forward Price/Book of 1.79x is 48.8% higher than the sector average of 1.20x. Furthermore, the stock's Price/Cash flow of 10.34x is 8.9% higher than the 9.49x industry average.
THG's elevated valuation doesn't diminish its profitability, as it continues to excel in essential financial indicators. THG's trailing-12-month asset turnover ratio of 0.42x is 92% higher than the industry average of 0.22x. Its trailing-12-month ROTC of 9.73% is 42.5% higher than the sector average of 6.83%.
Furthermore, the stock's trailing-12-month ROCE of 14.63% is 42.5% higher than the 10.34% industry average.
For the fiscal 2024 third quarter that ended September 30, THG's total revenues increased 3.2% year-over-year to $1.57 billion. Its net income grew significantly from the prior year's quarter to $102.10 million, while its EPS rose significantly from its year-ago value to $2.80.
As of September 30, 2024, THG's cash and cash equivalents amounted to $427.10 million, compared to $316.10 on December 31, 2023.
The consensus revenue estimate of $1.40 billion for the fiscal fourth quarter (ending December 2024) reflects a year-over-year rise of 4.2%. Its EPS for the same period is expected to increase 3.3% from the prior year's period to $3.23. The company also surpassed the consensus EPS estimates in all four trailing quarters.
THG's stock has surged 12.8% over the past six months and 23.7% over the past year to close the last trading session at $147.90.
THG's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
THG has an A grade for Momentum and a B for Growth, Sentiment, and Stability. It is ranked #6 out of 55 stocks in the Insurance – Property &amp; Casualty industry.
<a href="https://stocknews.com/stock/THG/">Click here</a> to check out additional THG ratings for Value and Quality.
What To Do Next?
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<hr />
PGR shares were unchanged in premarket trading Monday. Year-to-date, PGR has gained 53.36%, versus a 21.27% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/pgr-pri-thg-3-high-pe-insurance-stocks-worth-the-premium/>3 High-PE Insurance Stocks Worth the Premium</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-PE Insurance Stocks Worth the Premium

Janney Montgomery Scott downgraded The Hanover (THG) to Neutral from Buy with a $176 fair value estimate. Published first on TheFly – the ultimate ...

The Hanover downgraded to Neutral from Buy at Janney Montgomery Scott

Travelers, Hanover Insurance downgraded to Neutral at Janney after recent rallies

As previously reported, Janney Montgomery Scott downgraded The Hanover (THG) to Neutral from Buy with a $176 fair value estimate. Q3 operating EPS ...

The Hanover downgraded to Neutral at Janney after 40% rally

COIN

TRIN

Insurance

Press Releases

The Hanover Insurance Group, Inc. to Issue Second Quarter Financial Results on July 31

The Hanover Estimates Second Quarter Catastrophe Losses and Solid Preliminary Results

The Hanover Publishes Second Sustainability Report

The Hanover Recognized as a Best Place to Work by U.S. News & World Report, Disability Equality Index

The Hanover Reports Strong Second Quarter Net Income and Operating Income of $1.12 and $1.88 per Diluted Share, Respectively

The Hanover Enhances Workers' Compensation Claim Services with Expanded Work Safe Program

The Hanover Insurance Group to Present at theKeefe, Bruyette & Woods Insurance Conference on September 5

The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.85 Per Common Share

The Hanover Insurance Group, Inc. to Issue Third Quarter Financial Results on October 30

The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $2.80 and $3.05 per Diluted Share, Respectively; Net and Operating Return on Equity of 15.0% and 14.4%, Respectively

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