MGIC Investment (MTG) vs Hanover Insurance Group (THG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Hanover Insurance Group (THG) has outperformed MGIC Investment (MTG) over the past year, gaining 17.9% versus a gain of 0.1%. Over five years, MTG leads with a +65.4% price change compared with +62.0% for THG. Hanover Insurance Group is the larger company by market cap ($7.58 billion vs $5.55 billion), about 1.4 times the size.
On valuation, MGIC Investment trades at a lower forward P/E (7.8x vs 11.1x for Hanover Insurance Group). MGIC Investment offers the higher dividend yield (2.22% vs 1.72%). MGIC Investment converts more of its revenue into profit, with a net margin of 60.8% versus 10.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MTG | THG |
|---|---|---|
| Share price | $27.07 | $217.61 |
| Market cap | $5.55B | $7.58B |
| 1-day change | -1.06% | -1.10% |
| YTD return | -7.36% | +19.06% |
| 1-year return | +0.11% | +17.95% |
| 5-year return | +65.36% | +61.98% |
| P/E ratio (TTM) | 8.54 | 10.53 |
| Forward P/E | 7.77 | 11.10 |
| EPS (TTM) | $3.17 | $20.66 |
| Dividend yield | 2.22% | 1.72% |
| Annual dividend | $0.60 | $3.75 |
| Revenue (latest FY) | $1.21B | $6.59B |
| Revenue growth (YoY) | +0.49% | +5.72% |
| Net income (latest FY) | $738.35M | $662.50M |
| Operating margin | — | 14.15% |
| Net margin | 60.84% | 10.05% |
| 52-week high | $31.89 | $236.07 |
| 52-week low | $24.69 | $166.54 |
| Distance from 52-week high | -15.11% | -7.82% |
| Analyst consensus | hold | hold |
| Avg. price target upside | +16.00% | +8.91% |
| Average volume | 2.01M | 310.32K |
| Shares outstanding | 205.12M | 34.82M |
| Employees | 542 | 4,900 |
| Sector | Finance | Finance |
| Industry | Property-Casualty Insurers | Property-Casualty Insurers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- THG has outperformed MTG by 17.8 percentage points over the past year.
- MGIC Investment is more profitable, keeping 60.8 cents of every revenue dollar as net income versus 10.0 cents for Hanover Insurance Group.
- Hanover Insurance Group grew revenue faster in its latest fiscal year (+5.72% vs +0.49%).
About MGIC Investment
MTG stock →MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property.
Finance · Property-Casualty Insurers · 542 employees
About Hanover Insurance Group
THG stock →The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services for individuals and businesses in the United States. It operates in four segments: Core Commercial, Specialty, Personal Lines, and Other.
Finance · Property-Casualty Insurers · 4,900 employees
MTG vs THG FAQ
Which is bigger, MGIC Investment or Hanover Insurance Group?
Hanover Insurance Group (THG) is larger, with a market capitalization of $7.58B compared with $5.55B for MGIC Investment (MTG).
Which stock has performed better over the past year, MTG or THG?
THG returned +17.95% over the past 12 months, compared with +0.11% for MTG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MTG or THG?
MTG has the lower trailing P/E at 8.5, versus 10.5 for THG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, MGIC Investment or Hanover Insurance Group?
MGIC Investment has the higher yield at 2.22%, compared with 1.72% for Hanover Insurance Group.
Are MGIC Investment and Hanover Insurance Group in the same industry?
Yes. Both are classified in the Property-Casualty Insurers industry within the Finance sector.