The Hanover Insurance Group, Inc. (THG) Price Target Analysis

Updated Jul 2, 2026

Analyst Rating: Buy

Based on 22 analysts

5.7% Above Target

THG trades 5.7% above Wall Street's consensus target of $206.00.

Current Price$218.46

Average Target$206.00

Target

Current

Low$195.00

Median$203.00

High$220.00

Analyst Target Range

Forward P/E11.8x

(Value)

PEG Ratio0.82

(Undervalued)

Implied Growth-6.7%

(Declining)

Analyst Spread12.1%

(High Agreement)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$218.46

Consensus$206.00

High$220.00

Low$195.00

Consensus Scenario Assumptions

The base valuation assumes THG achieves its forward estimates and maintains a stable P/E multiple of 11.8x. This scenario reflects the blended consensus of 22 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 22 published analyst recommendations for THG

45% hold / mixed conviction

BearishBullish

Weighted analyst sentiment score based on 22 ratings

ConsensusBuy

Coverage22 Analysts

Net Score+27

Bull / Bear55% / 0%

Strong Buy00%

Buy1255%

Hold1045%

Sell00%

Strong Sell00%

Strong Buy

00%

Buy

1255%

Hold

1045%

Sell

00%

Strong Sell

00%

Recommendation Mix55% Buy · 45% Hold · 0% Sell

Buy (12)Hold (10)Sell (0)

THG Price Target Analysis

Updated July 8, 2026

As of July 8, 2026, The Hanover Insurance Group, Inc. (THG) has a Wall Street consensus price target of $206.00, based on estimates from 22 covering analysts. With the stock currently trading at $218.46, this represents a potential downside of -5.7%. The company has a market capitalization of $7.69B.

Analyst price targets range from a low of $195.00 to a high of $220.00, representing a 12% spread in expectations. The median target of $203.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.

The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,10 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.

From a valuation perspective, THG trades at a trailing P/E of 11.8x and forward P/E of 11.8x. The forward PEG ratio of 0.82 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -6.7% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $238.99, with bear and bull scenarios of $150.57 and $314.90 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Financial Services stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

-0.7%

Industry Consensus

Avg Forward P/E

14.3x

(Value)

Peers with Coverage

9 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
CNACNA Financial Corporation	$14.0B	$51.80	$45.00	-13.1%	Hold	12.9x	7
HIGThe Hartford Financial Services Group, Inc.	$38.4B	$139.64	$150.38	+7.7%	Buy	10.9x	42
WRBW. R. Berkley Corporation	$26.6B	$71.54	$69.10	-3.4%	Hold	15.3x	30
CINFCincinnati Financial Corporation	$29.4B	$189.06	$182.50	-3.5%	Buy	21.8x	17
ERIEErie Indemnity Company	$11.8B	$256.37	—	—	—	20.3x	—
KMPRKemper Corporation	$1.7B	$29.50	$36.00	+22.0%	Buy	14.3x	12
TRVThe Travelers Companies, Inc.	$73.1B	$343.73	$310.40	-9.7%	Hold	12.2x	43
CBChubb Limited	$139.4B	$359.30	$346.75	-3.5%	Buy	13.3x	43
ALLThe Allstate Corporation	$64.7B	$251.46	$250.00	-0.6%	Hold	8.3x	44
PGRThe Progressive Corporation	$137.0B	$234.40	$228.25	-2.6%	Hold	13.6x	41

THG — Frequently Asked Questions

Quick answers to the most common questions about buying THG stock.

What is the THG stock price target for 2026?

Wall Street's consensus price target for THG is $206, -5.7% from its current price of $218.46. The below-market target from 22 analysts suggests limited near-term appreciation.

Is THG a buy, sell, or hold?

THG has a consensus rating of "Buy" based on 22 Wall Street analysts. The rating breakdown is predominantly bullish, with 12 Buy/Strong Buy ratings. The consensus 12-month price target of $206 implies -5.7% downside from current levels.

Is THG stock overvalued or undervalued?

With a forward P/E of 11.7898x, THG trades at a relatively low valuation. The consensus target of $206 implies -5.7% move, suggesting the market may be pricing in risks.

How high can THG stock go?

The most bullish Wall Street analyst has a price target of $220 for THG, while the most conservative target is $195. The consensus of $206 represents the median expectation. Our quantitative valuation model projects a bull case target of $315 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover THG stock?

THG is well covered by analysts, with 22 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 10 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the THG stock forecast?

The 12-month THG stock forecast based on 22 Wall Street analysts shows a consensus price target of $206, with estimates ranging from $195 (bear case) to $220 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $239, with bear/bull scenarios of $151/$315.

What is THG's fair value based on fundamentals?

Our quantitative valuation model calculates THG's fair value at $239 (base case), with a bear case of $151 and bull case of $315. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 48/100.

What is THG's forward P/E ratio?

THG trades at a forward P/E ratio of 11.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy THG stock?

Analysts are cautious on THG, with 0 Sell ratings and a price target of $206 (-5.7% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do THG price targets vary so much?

THG analyst price targets range from $195 to $220, a 12% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $206 consensus represents the middle ground. Our model's $151-$315 range provides an independent fundamental perspective.

Consensus-Based Analysis Tools