Skyward Specialty Insurance Group (SKWD) vs Hanover Insurance Group (THG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Skyward Specialty Insurance Group (SKWD) has outperformed Hanover Insurance Group (THG) over the past year, gaining 21.1% versus a gain of 20.7%. Hanover Insurance Group is the larger company by market cap ($7.73 billion vs $2.63 billion), about 2.9 times the size, while Skyward Specialty Insurance Group is growing revenue faster (+23.2% vs +5.7%). On valuation, Skyward Specialty Insurance Group trades at a lower forward P/E (10.7x vs 11.3x for Hanover Insurance Group).
Hanover Insurance Group pays a dividend yielding 1.69%, while Skyward Specialty Insurance Group does not currently pay one. Skyward Specialty Insurance Group converts more of its revenue into profit, with a net margin of 12.0% 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 | SKWD | THG |
|---|---|---|
| Share price | $59.31 | $221.93 |
| Market cap | $2.63B | $7.73B |
| 1-day change | +3.20% | +1.99% |
| YTD return | +16.04% | +21.43% |
| 1-year return | +21.11% | +20.67% |
| 5-year return | — | +65.20% |
| P/E ratio (TTM) | 13.33 | 10.62 |
| Forward P/E | 10.72 | 11.32 |
| EPS (TTM) | $4.45 | $20.89 |
| Dividend yield | 0.00% | 1.69% |
| Annual dividend | $0.00 | $3.75 |
| Revenue (latest FY) | $1.42B | $6.59B |
| Revenue growth (YoY) | +23.16% | +5.72% |
| Net income (latest FY) | $170.03M | $662.50M |
| Operating margin | — | 14.15% |
| Net margin | 12.00% | 10.05% |
| 52-week high | $65.69 | $236.07 |
| 52-week low | $40.60 | $166.54 |
| Distance from 52-week high | -9.71% | -5.99% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +18.78% | +6.79% |
| Average volume | 447.96K | 309.74K |
| Shares outstanding | 44.40M | 34.82M |
| Employees | 611 | 4,900 |
| Sector | Financial Services | Financial Services |
| Industry | Insurance - Property & Casualty | Insurance - Property & Casualty |
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
- Hanover Insurance Group is about 2.9 times larger than Skyward Specialty Insurance Group by market value ($7.73B vs $2.63B).
- Skyward Specialty Insurance Group trades at a higher earnings multiple (13.3x vs 10.6x trailing P/E).
- Hanover Insurance Group offers a meaningfully higher dividend yield (1.69% vs 0.00%).
- Skyward Specialty Insurance Group grew revenue faster in its latest fiscal year (+23.16% vs +5.72%).
About Skyward Specialty Insurance Group
SKWD stock →Skyward Specialty Insurance Group, Inc., an insurance holding company, provides commercial property and casualty insurance coverages in the United States. It offers general liability, excess liability, and professional liability, as well as cyber and media liability insurance; commercial auto, group accident and health, property, agriculture, credit, and surety and workers' compensation; and property, agriculture, and credit specialty reinsurance.
Financial Services · Insurance - Property & Casualty · 611 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.
Financial Services · Insurance - Property & Casualty · 4,900 employees
SKWD vs THG FAQ
Which is bigger, Skyward Specialty Insurance Group or Hanover Insurance Group?
Hanover Insurance Group (THG) is larger, with a market capitalization of $7.73B compared with $2.63B for Skyward Specialty Insurance Group (SKWD).
Which stock has performed better over the past year, SKWD or THG?
SKWD returned +21.11% over the past 12 months, compared with +20.67% for THG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, SKWD or THG?
THG has the lower trailing P/E at 10.6, versus 13.3 for SKWD. 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, Skyward Specialty Insurance Group or Hanover Insurance Group?
Hanover Insurance Group pays a dividend yielding 1.69%, while Skyward Specialty Insurance Group does not currently pay a regular dividend.
Are Skyward Specialty Insurance Group and Hanover Insurance Group in the same industry?
Yes. Both are classified in the Insurance - Property & Casualty industry within the Financial Services sector.