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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 $126.66, up 1.75% from the previous day, and has increased 13.58% in one year. It has underperformed other stocks in the Insurance - Property & Casualty industry by 0.07 percentage points. Hanover Insurance Group stock is currently +21.99% from its 52-week low of $103.83, and -8.42% from its 52-week high of $138.30.

There are currently 35.94M shares of THG outstanding. The market capitalization of THG is $4.55B. In the past 24 hours, 184,821 THG shares were traded.

How to Buy Hanover Insurance Group Stock

Wondering how to invest in Hanover Insurance Group stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Fund your investment account: Select your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

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Step 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.

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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:

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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

THG Price
$126.66
1w %
2.2%
1y %
13.58%
5y %
-3.42%
P/E
27.9x
P/B
1.8x
P/S
0.74x
PEG
0.26x
Revenue
$6.10B
Earnings
$162.80M
Fore. Rev. Growth
3.29%
Fore. Earn. Growth
130.51%
Market Cap
$4.55B
Next Earnings
Jul 31, 2024
Next Dividend
N/A

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 27.9x, relative to Insurance - Property & Casualty industry P/E ratio of 17.31x
  • THG may be undervalued based on its P/B ratio of 1.8x, relative to Insurance - Property & Casualty industry P/B ratio of 2.18x
  • THG could be undervalued based on its PEG ratio of 0.26x

You can access additional valuation research on THG's stock here.

THG Financial Summary

Pros:

  • THG earnings of $239.80M is not sufficient to cover its interest payments.
  • THG's operating cash flow of $402.30M allows it to safely service it's debt of $783.40M.
  • THG profit margin has gone up from 0% to 2.7% in the past year.

Cons:

  • Total THG debt is higher than 5 years ago, relative to shareholder equity.
  • THG has a relatively high debt to equity ratio of 4.79.

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

SMA10
125.23
SMA20
124.02
SMA50
128.91
SMA100
129.87
SMA200
125.85
MACD
-0.73
MACD Signal
-1.22
MACD Histogram
0.49
RSI
52.4
Stochastic %K
58.29
Stochastic %D
53.27
StochRSI %K
78.49
StochRSI %D
74.19

How is THG performing as a company?

Last year, THG earnings were $162.80M. Over the past 5 year, THG's earnings have gone up by -15.65% per year. This was slower than the Insurance - Property & Casualty industry average of 18.99%.

Last year, THG revenue was $6.10B. Over the past 5 year, THG's revenue has gone up by 5.71% per year. This was slower than the Insurance - Property & Casualty industry average of 11.33%.

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.

Jane D. Carlin, Director of THG, was the latest THG insider to sell. They sold $147,986.63 worth of THG shares on May 24, 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 2.65%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.58%. If you owned $1,000 of THG stock, you would have been paid $26.53 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.

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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.

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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:

  1. Figure out where to buy Hanover Insurance Group stock
  2. Create a brokerage account
  3. Fund your investment account
  4. Evaluate Hanover Insurance Group stock
  5. Make your THG purchase
  6. Get key alerts regarding your investment in THG

If you are looking for a online brokerage, eToro is our favorite option.

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If you would like to track your new investment in Hanover Insurance Group, get started below.

NYSE: THG
$126.66+2.18 (+1.75%)
Updated Jul 12, 2024
Open eToro Account
NYSE: THG
$126.66+2.18 (+1.75%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Hanover Insurance Group share?

As of Jul 12, 2024, it costs $126.66 to buy one share of Hanover Insurance Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.079 shares of THG.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Hanover Insurance Group stock?

According to 4 Wall Street analysts who monitor Hanover Insurance Group, their consensus recommendation is to buy Hanover Insurance Group stock.

What is the best way to buy Hanover Insurance Group stock?

One way to place an order for Hanover Insurance Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information 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.