Is The Hanover Insurance Group, Inc. overvalued or undervalued?

As of 30 April 2025, The Hanover Insurance Group, Inc. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued at present. Key valuation ratios include a P/E ratio of 24, a price to book value of 3.50, and a PEG ratio of 0.14, indicating potential growth relative to its price.
In comparison to its peers, The Hanover Insurance Group's P/E ratio of 24 is higher than American Financial Group, Inc. at 15.03 but lower than Everest Group Ltd. at 31.11, suggesting a moderate valuation within the industry. The company has also shown a solid dividend yield of 117.50%, which may appeal to income-focused investors. Over the past year, The Hanover Insurance Group has returned 17.37%, slightly outperforming the S&P 500's return of 17.14%, reinforcing its position in the market despite a weaker performance over longer periods.