How to Buy Hanover Insurance Group Stock
Hanover Insurance Group Inc
Hanover Insurance Group is a property & casualty insurance company located in Massachusetts, United States, which is part of the Financial Services sector, and is traded under the ticker THG on the NYSE exchange.
Hanover Insurance Group stock last closed at $131.35, down 0.96% from the previous day, and has increased 11.42% in one year. It has underperformed other stocks in the Insurance - Property & Casualty industry by 0.1 percentage points. Hanover Insurance Group stock is currently +26.51% from its 52-week low of $103.83, and -4.82% from its 52-week high of $138.00.
There are currently 35.82M shares of THG outstanding. The market capitalization of THG is $4.71B. In the past 24 hours, 174,015 THG shares were traded.
How to Buy Hanover Insurance Group Stock
Wondering how to invest in Hanover Insurance Group stock? Here's how.
- Figure out where to buy Hanover Insurance Group stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Hanover Insurance Group stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Select your payment method and add your details.
- Evaluate Hanover Insurance Group stock: The Hanover Insurance Group ticker symbol is THG. Is Hanover Insurance Group stock a good investment? Should you buy shares of THG? How do THG's underlying business fundamentals look? Do top analysts think Hanover Insurance Group is a good buy? Why has THG's stock price moved recently? (Hint: Our stock research tools can help you understand if THG is a good stock to buy).
- Make your THG purchase: Decide if you will purchase THG shares at the current market price or use a limit order to purchase THG shares at a particular price.
- Get key alerts regarding your investment in THG: Create a watchlist to key updates about your new investment in Hanover Insurance Group shares.
Step 1: Figure out where to buy Hanover Insurance Group stock
You need a brokerage account in order to access the NYSE market and buy THG shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to world financial markets: From Technology to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by creating an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal details so you are able to buy THG today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've filled out your info on the best beginner stock app, you need to deposit funds:
Check out the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Hanover Insurance Group stock
After you have figured out the best place to buy Hanover Insurance Group stock, it's crucial to research their stock prior to investing, so you truly understand the risk as well as the upside.
Hanover Insurance Group Metrics
Hanover Insurance Group Overview
WallStreetZen was created to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on THG's stock page.
Is THG stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge THG's fair value.
Using relative valuations ratios:
- THG could be overvalued based on its P/E ratio of 132.68x, relative to Insurance - Property & Casualty industry P/E ratio of 4.44x
- THG may be undervalued based on its P/B ratio of 1.91x, relative to Insurance - Property & Casualty industry P/B ratio of 2.21x
- THG could be undervalued based on its PEG ratio of 0.13x
You can access additional valuation research on THG's stock here.
THG Financial Summary
Pros:
- THG's operating cash flow of $361.70M allows it to safely service it's debt of $783.20M.
Cons:
- Total THG debt is higher than 5 years ago, relative to shareholder equity.
- THG profit margin has gone down from 2.1% to 0.6% in the past year.
- THG earnings of $77.00M is not sufficient to cover its interest payments.
- THG has a relatively high debt to equity ratio of 4.93.
Is THG stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 4 Equities analysts who give forecasts on THG, the consensus analyst rating on Hanover Insurance Group is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Hanover Insurance Group stock forecast page.
THG Momentum
How is THG performing as a company?
Last year, THG earnings were $35.30M. Over the past 5 year, THG's earnings have gone up by -35.99% per year. This was slower than the Insurance - Property & Casualty industry average of 11.44%.
Last year, THG revenue was $5.99B. Over the past 5 year, THG's revenue has gone up by 5.93% per year. This was slower than the Insurance - Property & Casualty industry average of 11.73%.
Find out more about THG's earnings and revenue performance here.
What are THG insiders up to?
Over the last 12 months, insiders at THG have sold more shares than they have bought.
Warren E. Barnes, SVP Princpl. Accntg. Officer of THG, was the latest THG insider to sell. They sold $112,450.80 worth of THG shares on Feb 27, 2024.
Research more about who owns THG shares here.
Can I rely on THG as an income stream?
Hanover Insurance Group pays a dividend of 2.53%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.57%. If you owned $1,000 of THG stock, you would have been paid $25.28 last year.
Hanover Insurance Group dividend payments have consistently grown over the past decade but have not remained stable.
Find more info about Hanover Insurance Group dividend yield and history here.
Get opinions from other traders
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your THG purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Hit the Open button and your broker will execute the order.
If you want additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in THG
Now that you own some THG stock, you'll want to keep up with your investment.
Add THG to a watchlist to see the latest developments about your THG stock.
THG Feed
How to Buy Stock in Hanover Insurance Group
To reiterate, here are the 6 steps for buying Hanover Insurance Group stock:
- Figure out where to buy Hanover Insurance Group stock
- Create a brokerage account
- Fund your investment account
- Evaluate Hanover Insurance Group stock
- Make your THG purchase
- Get key alerts regarding your investment in THG
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your new investment in Hanover Insurance Group, get started below.
Related Stock Buying Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.