Stock Pitch Thg

HANOVER INS. GROUP NYSE-THG

TIMELINESS

SAFETY

TECHNICAL

3

2

3

High:

Low:

Lowered 9/27/13

38.3

24.3

43.3

30.2

RECENT

PRICE

54.4

40.7

51.0

36.5

Median: 13.0 P/E RATIO

RATIO

YLD

70.90 P/E 12.2(Trailing: 13.7) RELATIVE 0.65 DIV’D 2.3%

55.0

29.8

45.4

28.0

48.0

40.3

48.9

31.0

41.7

33.6

61.7

38.9

73.6

52.9

73.5

67.9

Target Price Range

2018 2019 2020

LEGENDS

12.0 x Earnings p sh

. . . . Relative Price Strength

Options: Yes

Shaded area indicates recession

Raised 9/18/09

Raised 6/20/14

BETA .85 (1.00 = Market)

VALUE

LINE

128

96

80

64

48

40

32

24

2018-20 PROJECTIONS

Ann’l Total

Price

Gain

Return

High 115 (+60%) 15%

Low

85 (+20%)

7%

Insider Decisions

to Buy

Options

to Sell

A

0

1

1

M

0

3

3

J

0

2

1

J

0

0

0

A

0

2

2

S

0

0

0

O

0

3

2

N

1

1

3

D

1

0

0

16

12

% TOT. RETURN 2/15

Institutional Decisions

2Q2014

110

to Buy

to Sell

113

Hld’s(000) 36445

3Q2014

118

114

37236

4Q2014

105

117

37821

Percent

shares

traded

THIS

STOCK

18

12

6

1 yr.

3 yr.

5 yr.

VL ARITH.*

INDEX

22.3

87.0

90.7

8.2

60.8

110.1

Allmerica Financial Life Insurance and An- 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 © VALUE LINE PUB. LLC 18-20

nuity Co. was organized as a mutual life in- 40.25 43.43 46.42 48.82 53.61 63.27 80.69 95.69 101.84 107.30 108.90 113.35 P/C Prem Earned per sh 120.00

surance company until 10/16/95. On that

5.99

6.24

6.25

5.08

5.31

5.51

5.79

6.24

6.16

6.16

6.25

6.35 Investment Inc per sh

6.75

date, FAFLIC converted to a stock life insur- d4.12 d.14 1.44

.71

d.35 d2.23 d6.97 d7.29

d.32

2.15

3.25

4.55 Underwriting Inc per sh

6.00

ance company and became a wholly owned 1.31 3.78 4.47 3.39 3.09 3.31

.70

1.12

5.06

5.18

5.80

6.25 Earnings per sh A

8.25

subsidiary of AFC. After the reorganization,

.25

.30

.40

.45

.75

1.00...