The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, and other miscellaneous coverages. The Other segment offers investment management and advisory services to institutions, pension funds, and other organizations. The company markets its products and services through independent agents and brokers. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
IPO Year:
Exchange: NYSE
Website: hanover.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $176.00 | Buy → Neutral | Janney |
| 11/16/2023 | $135.00 | Outperform | Oppenheimer |
| 8/31/2023 | $125.00 → $126.00 | Market Perform → Outperform | BMO Capital Markets |
| 7/6/2023 | $155.00 → $153.00 | Neutral → Overweight | Piper Sandler |
| 5/18/2023 | $142.00 → $130.00 | Buy → Neutral | BofA Securities |
| 1/20/2023 | $141.00 | Market Perform | BMO Capital Markets |
| 11/11/2022 | $164.00 | Buy | Janney |
| 11/7/2022 | $144.00 | Overweight → Neutral | Piper Sandler |
| 6/29/2022 | $155.00 | Equal-Weight | Morgan Stanley |
| 8/17/2021 | $144.00 | Peer Perform | Wolfe Research |
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8-K - HANOVER INSURANCE GROUP, INC. (0000944695) (Filer)
8-K - HANOVER INSURANCE GROUP, INC. (0000944695) (Filer)
WORCESTER, Mass., Jan. 4, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced the appointment of Mina S. Rona to president of technology and life sciences. In this role, Rona will assume responsibility for leading the technology and life sciences organization, working closely with industry professionals to develop innovative insurance solutions that address the unique risks faced by businesses in these sectors. Rona joined The Hanover eight years ago and since then she has played a key role in the continued expansion of the company's technology an
WORCESTER, Mass., Nov. 20, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced it has appointed Stephen P. Marohn president of specialty property and casualty. In this role, Marohn will be responsible for leading the company's excess and surplus (E&S) business, specialty industrial business, Hanover Programs, specialty general liability and Hanover Specialty Insurance Brokers (HSIB). With more than 30 years of wide-ranging industry experience and an accomplished background in commercial and specialty property and casualty insurance, Marohn most
WORCESTER, Mass., Sept. 7, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced it has appointed Stephanie E. Seibold to president of alternative markets and Arthur J. Barrett to president of programs. In this new role, Seibold will lead The Hanover's specialty property and casualty programs, specialty general liability and specialty brokerage businesses. Barrett will report to Seibold and oversee the company's specialty property and casualty programs business. Seibold joined The Hanover in 2007 as a middle market underwriter and has taken on a num
WORCESTER, Mass., Aug. 17, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced it has appointed Charles (Chip) F. Hamann to president of small commercial. In this role, Hamann will lead the company's small commercial business, executing on the company's strategy to best serve its agents and small business customers. With more than 35 years of industry experience, he brings deep knowledge to the role as an established and trusted leader in the organization. Hamann has been with The Hanover since 2002 and previously served as the company's deputy pr
WORCESTER, Mass., Jan. 30, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced it has appointed Kate B. Williams to president of excess and surplus (E&S). In this role, Williams will oversee the company's full range of E&S solutions for the property and casualty needs of small to mid-size customers. Williams brings a wealth of underwriting, product, E&S and market distribution knowledge and perspective to her role at The Hanover. Prior to joining the company, she spent over 12 years at Markel, most recently serving as managing director and product
WORCESTER, Mass., Jan. 4, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced it has appointed David J. Lovely executive vice president and chief claims officer. In this role, Lovely will be responsible for the strategic oversight and execution of the company's claims experience. Lovely joins The Hanover from PricewaterhouseCoopers (PwC), where he was responsible for building a new practice to help clients strengthen their ability to deter, detect and respond to insurance fraud across the P&C, life and healthcare markets. Prior to PwC, Lovely was
Company appoints Jon Martin, Greggory Ketay to key leadership roles within professional and executive lines WORCESTER, Mass., Nov. 28, 2022 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced it has appointed Eric M. Schuler president of management and executive liability, effective immediately. In this role, Schuler will assume responsibility for the strategy and execution of The Hanover's management liability business, which offers highly specialized solutions for a broad range of private companies, nonprofit organizations and financial institutions.
Taking catastrophe loss estimates and other currently available information into account, the company expects to report a second quarter combined ratio of 99.2%, and an ex-CAT combined ratio(2) of 88.5%. The company also expects to generate after-tax net income of $1.12 per diluted share and operating income(3) of $1.88 per diluted share for the second quarter. The difference between net income and operating income per share is due to the sale of some lower coupon fixed income securities, in consideration of expiring tax gains from 2021.
Hanover Insurance Gr's (NYSE:THG) short percent of float has risen 13.08% since its last report. The company recently reported that it has 774 thousand shares sold short, which is 2.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.5 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short int
The Nasdaq 100 closed higher by around 0.3% on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Wynn Resorts The Trade: Wynn Resorts, Limited (NASDAQ:WYNN) Director Betsy S Atkins sold a total of 2,446 shares at an average pr
Analysts' ratings for Hanover Insurance Gr (NYSE:THG) over the last quarter vary from bullish to bearish, as provided by 7 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 5 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 2 1 0 0 2M Ago 0 1 0 0 0 3M Ago 0 1 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $148.29, along with a high estimate of $165.00 and a low estimate of $137.00. Witnessing a positive shift, the current average ha
Oppenheimer analyst Michael Phillips maintains Hanover Insurance Gr (NYSE:THG) with a Outperform and raises the price target from $150 to $165.
Hanover Insurance Gr (NYSE:THG) reported quarterly earnings of $3.08 per share which beat the analyst consensus estimate of $2.71 by 13.65 percent. This is a 2269.23 percent increase over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $1.454 billion which missed the analyst consensus estimate of $1.465 billion by 0.75 percent. This is a 2.25 percent increase over sales of $1.422 billion the same period last year.
JMP Securities analyst Matthew Carletti reiterates Hanover Insurance Gr (NYSE:THG) with a Market Outperform and maintains $150 price target.
Keefe, Bruyette & Woods analyst Meyer Shields maintains Hanover Insurance Gr (NYSE:THG) with a Market Perform and raises the price target from $137 to $142.
Oppenheimer analyst Michael Phillips maintains Hanover Insurance Gr (NYSE:THG) with a Outperform and maintains $150 price target.
Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Hanover Insurance Gr (NYSE:THG) in the last three months. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $145.25, a high estimate of $150.00, and a low estimate of $137.00. Surpassing the previous average price
Third Quarter Highlights Combined ratio of 95.5%; combined ratio, excluding catastrophes(1), of 88.3%Catastrophe losses of $105.9 million, or 7.2 points of the combined ratioNet premiums written increase of 4.2%*Renewal price increases(2) of 15.4% in Personal Lines, 12.9% in Core Commercial and 10.1% in SpecialtyRate increases(2) of 14.4% in Personal Lines, 10.0% in Core Commercial and 7.6% in SpecialtyLoss and loss adjustment expense (LAE) ratio of 64.5%, 9.7 points below the prior-year quarterCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 58.2%, 2.4 points below the prior-year quarter, led by strong improvement in Personal LinesNet investment income of $91.8 millio
WORCESTER, Mass., Sept. 3, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) announced today its board of directors has declared a quarterly dividend of $0.85 per share on the issued and outstanding common stock of the company, payable September 27, 2024, to shareholders of record at the close of business on September 13, 2024. Forward-Looking StatementsStatements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Ha
Second Quarter Highlights Combined ratio of 99.2%; combined ratio, excluding catastrophes(1), of 88.5%Catastrophe losses of $157.1 million, or 10.7 points of the combined ratioNet premiums written increase of 5.1%*Renewal price increases(2) of 18.5% in Personal Lines, 11.7% in Core Commercial and 11.7% in SpecialtyRate increases(2) of 16.6% in Personal Lines, 9.3% in Core Commercial and 8.2% in SpecialtyLoss and loss adjustment expense (LAE) ratio of 68.4%, 12.3 points below the prior-year quarterCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 58.9%, 3.4 points below the prior-year quarter, with improvement in each major segmentNet investment income of $90.4 million,
WORCESTER, Mass., June 3, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) announced today its board of directors has declared a quarterly dividend of $0.85 per share on the issued and outstanding common stock of the company, payable June 28, 2024, to shareholders of record at the close of business on June 14, 2024. Forward-Looking StatementsStatements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Hanover's boa
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 ratioNet 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 SpecialtyRate increases(2) of 15.8% in Personal Lines, 9.3% in Core Commercial and 8.4% in SpecialtyLoss and loss adjustment expense (LAE) ratio of 64.6%, 9.1 points below the prior-year quarter, driven by lower catastrophe and non-catastrophe lossesCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 59.3%, 1.9 points below the prior-year quarterNet investment income of $89
WORCESTER, Mass., Feb. 26, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has declared a quarterly dividend of $0.85 per share on the issued and outstanding common stock of the company, payable March 29, 2024, to shareholders of record at the close of business on March 15, 2024. Forward-Looking StatementsStatements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Hanover's
Fourth Quarter Highlights Combined ratio of 94.2%; combined ratio, excluding catastrophes(1), of 90.2%Catastrophe losses of $57.7 million, or 4.0 points of the combined ratioNet premiums written increase of 1.5%*Renewal price increases(2) of 20.6% in Personal Lines, including 29.1% in homeowners, as well as increases of 12.4% in Core Commercial and 11.6% in SpecialtyRate increases(2) of 13.2% in Personal Lines, 9.3% in Core Commercial and 9.0% in SpecialtyLoss and loss adjustment expense ("LAE") ratio of 63.6%, 13.5 points below the prior-year quarter, driven by both lower catastrophe and non-catastrophe lossesCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 60.2%, 3.1
WORCESTER, Mass., Dec. 4, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) announced today its board of directors has approved an increase in the company's quarterly dividend to $0.85 per share on the issued and outstanding common stock of the company, payable December 29, 2023, to shareholders of record at the close of business on December 15, 2023. "We are pleased to announce a 5% increase in our quarterly dividend, highlighting our board's confidence in the overall financial strength of our company and our prospects," said John C. Roche, president and chief
WORCESTER, Mass., Sept. 5, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) announced today its board of directors has declared a quarterly dividend of $0.81 per share on the issued and outstanding common stock of the company, payable September 29, 2023, to shareholders of record at the close of business on September 15, 2023. Forward-Looking StatementsStatements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Hanover's board of directors, are forward-looking statements as defined in the Private Securities Litigation Reform Act
Second Quarter Highlights Combined ratio of 111.3%; combined ratio, excluding catastrophes(1), of 92.8%Catastrophe losses of $261.6 million, or 18.5 points of the combined ratio, driven by several convective storms across multiple states, with hail damage representing the majority of reported losses and primarily impacting Personal LinesNet premiums written increase of 8.6%*, with contributions from each segmentRenewal price increases(2) of 15.9% in Personal Lines, including 21.7% in homeowners, as well as increases of 11.4% in Specialty and 11.3% in Core CommercialRate increases(2) of 9.8% in Personal Lines, 6.4% in Specialty and 7.8% in Core CommercialCurrent accident year loss and loss ad
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Janney downgraded Hanover Insurance from Buy to Neutral and set a new price target of $176.00
Oppenheimer initiated coverage of Hanover Insurance with a rating of Outperform and set a new price target of $135.00
BMO Capital Markets upgraded Hanover Insurance from Market Perform to Outperform and set a new price target of $126.00 from $125.00 previously
Piper Sandler upgraded Hanover Insurance from Neutral to Overweight and set a new price target of $153.00 from $155.00 previously
BofA Securities downgraded Hanover Insurance from Buy to Neutral and set a new price target of $130.00 from $142.00 previously
BMO Capital Markets initiated coverage of Hanover Insurance with a rating of Market Perform and set a new price target of $141.00
Janney initiated coverage of Hanover Insurance with a rating of Buy and set a new price target of $164.00
Piper Sandler downgraded Hanover Insurance from Overweight to Neutral and set a new price target of $144.00
Morgan Stanley initiated coverage of Hanover Insurance with a rating of Equal-Weight and set a new price target of $155.00
Wolfe Research initiated coverage of Hanover Insurance Gr with a rating of Peer Perform and set a new price target of $144.00
Third Quarter Highlights Combined ratio of 95.5%; combined ratio, excluding catastrophes(1), of 88.3%Catastrophe losses of $105.9 million, or 7.2 points of the combined ratioNet premiums written increase of 4.2%*Renewal price increases(2) of 15.4% in Personal Lines, 12.9% in Core Commercial and 10.1% in SpecialtyRate increases(2) of 14.4% in Personal Lines, 10.0% in Core Commercial and 7.6% in SpecialtyLoss and loss adjustment expense (LAE) ratio of 64.5%, 9.7 points below the prior-year quarterCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 58.2%, 2.4 points below the prior-year quarter, led by strong improvement in Personal LinesNet investment income of $91.8 millio
WORCESTER, Mass., Sept. 23, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) expects to issue its third quarter financial results after the market closes on Wednesday, October 30. The company expects to webcast a discussion of its results on Thursday, October 31, at 10:00 a.m. ET, through its website at hanover.com. About The HanoverThe Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptiona
WORCESTER, Mass., Sept. 3, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) announced today its board of directors has declared a quarterly dividend of $0.85 per share on the issued and outstanding common stock of the company, payable September 27, 2024, to shareholders of record at the close of business on September 13, 2024. Forward-Looking StatementsStatements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Ha
WORCESTER, Mass., Aug. 22, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced John C. Roche, president and chief executive officer, and Jeffrey M. Farber, executive vice president and chief financial officer, will participate in a fireside chat at the Keefe, Bruyette & Woods Insurance Conference on Thursday, September 5 from 11:20 a.m. to 12:00 p.m. E.T. The discussion will be broadcast live through the company's website on hanover.com under "Investors." A replay of the event will be available on The Hanover website starting approximately one hou
WORCESTER, Mass., Aug. 15, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced the expansion of Hanover Work Safe, a portfolio of value-added services designed to deliver a personalized approach to worker safety. As part of the company's distinctive workers' compensation offering, The Hanover offers claims specialists who proactively gain insights into factors that may impact the treatment of an injured worker beyond physical recovery and help structure a more holistic and individual claims response. The enhanced workers' compensation claims prog
Second Quarter Highlights Combined ratio of 99.2%; combined ratio, excluding catastrophes(1), of 88.5%Catastrophe losses of $157.1 million, or 10.7 points of the combined ratioNet premiums written increase of 5.1%*Renewal price increases(2) of 18.5% in Personal Lines, 11.7% in Core Commercial and 11.7% in SpecialtyRate increases(2) of 16.6% in Personal Lines, 9.3% in Core Commercial and 8.2% in SpecialtyLoss and loss adjustment expense (LAE) ratio of 68.4%, 12.3 points below the prior-year quarterCurrent accident year loss and LAE ratio, excluding catastrophes(3), of 58.9%, 3.4 points below the prior-year quarter, with improvement in each major segmentNet investment income of $90.4 million,
WORCESTER, Mass., July 25, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG), a leading property and casualty insurance provider for individuals, families and businesses, recently was named to U.S. News & World Report's list of 2024-2025 Best Companies to Work For and also was recognized by the Disability Equality Index as a 2024 Best Places to Work for People with Disabilities. "We place a strong focus on cultivating a workplace culture that attracts highly skilled professionals, ensuring that these employees feel a sense of appreciation and belonging, and tha
WORCESTER, Mass., July 24, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced the release of its second Sustainability Report, highlighting the company's progress and established commitment to responsible, environmentally sustainable and robust corporate governance practices. "Over the course of more than 170 years, our company has earned a reputation as an organization that delivers on its promises to its many stakeholders," said John C. Roche, president and chief executive officer of The Hanover. "With that in mind, we are pleased to publish an
WORCESTER, Mass., July 18, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) today announced a preliminary estimate for second quarter catastrophe losses(1) of $157.1 million, before taxes, or 10.7 points of net earned premium. The losses primarily resulted from severe convective storm activity and mostly impacted the company's Personal Lines business. "The property and casualty insurance industry sustained very significant catastrophe losses in the second quarter, including the highest CAT losses for the month of May in over a decade," said John C. Roche, pres
WORCESTER, Mass., July 1, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE:THG) expects to issue its second quarter financial results after the market closes on Wednesday, July 31, 2024. The company expects to webcast a discussion of its results on Thursday, August 1, at 10:00 a.m. ET, through its website at hanover.com. About The HanoverThe Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptiona
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4 - HANOVER INSURANCE GROUP, INC. (0000944695) (Issuer)
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