THG stock icon

Hanover Insurance
THG

$133.81
1.54%

Market Cap: 4.81B

 

About: The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.

Employees: 4,800

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

181% more call options, than puts

Call options by funds: $613K | Put options by funds: $218K

12% more capital invested

Capital invested by funds: $3.77B [Q4 2023] → $4.21B (+$438M) [Q1 2024]

5% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 113

0% more funds holding

Funds holding: 337 [Q4 2023] → 337 (+0) [Q1 2024]

0% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 44

0.31% less ownership

Funds ownership: 72.23% [Q4 2023] → 71.92% (-0.31%) [Q1 2024]

Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$137
2%
upside
Avg. target
$149
11%
upside
High target
$165
23%
upside

8 analyst ratings

positive
75%
neutral
25%
negative
0%
Oppenheimer
Michael Phillips
23%upside
$165
Outperform
Maintained
3 May 2024
JMP Securities
Matthew Carletti
12%upside
$150
Market Outperform
Reiterated
15 Apr 2024
Keefe, Bruyette & Woods
Meyer Shields
6%upside
$142
Market Perform
Maintained
10 Apr 2024
Oppenheimer
Michael Phillips
12%upside
$150
Outperform
Maintained
5 Apr 2024
Piper Sandler
Paul Newsome
10%upside
$147
Overweight
Maintained
1 Apr 2024

Financial journalist opinion

Based on 3 articles about THG published over the past 30 days

Neutral
PRNewsWire
2 months ago
The Hanover Reports Strong First Quarter Net Income and Operating Income of $3.18 and $3.08 per Diluted Share, Respectively; Net and Operating Return on Equity of 18.5% and 15.1%, Respectively
First  Quarter Highlights Combined ratio of 95.5%; combined ratio, excluding catastrophes(1), of 89.5% Catastrophe losses of $86.9 million, or 6.0 points of the combined ratio Net premiums written increase of 2.3%* Renewal price increases(2) of 22.8% in Personal Lines, 11.5% in Core Commercial and 11.0% in Specialty Rate increases(2) of 15.8% in Personal Lines, 9.3% in Core Commercial and 8.4% in Specialty Loss and loss adjustment expense (LAE) ratio of 64.6%, 9.1 points below the prior-year quarter, driven by lower catastrophe and non-catastrophe losses Current accident year loss and LAE ratio, excluding catastrophes(3), of 59.3%, 1.9 points below the prior-year quarter Net investment income of $89.7 million, up 14.0% from the prior-year quarter, primarily due to higher bond reinvestment rates, higher partnership income, and the continued investment of operational cashflows Book value per share of $70.22, up 1.9% from December 31, 2023, primarily due to strong earnings in the quarter WORCESTER, Mass. , May 1, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $115.5 million, or $3.18 per diluted share, in the first quarter of 2024, compared to a net loss of $12.0 million, or $0.34 per basic share, in the prior-year quarter.
The Hanover Reports Strong First Quarter Net Income and Operating Income of $3.18 and $3.08 per Diluted Share, Respectively; Net and Operating Return on Equity of 18.5% and 15.1%, Respectively