The Hanover Insurance Group (THG)
Provides commercial, specialty and personal property-and-casualty coverage through independent agents.
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Sells commercial, specialty and personal property-and-casualty coverage through independent agents and brokers. Local-market field support complements product lines spanning workers’ compensation, liability, auto and homeowners coverage.
Underwrites property-and-casualty coverage through Core Commercial, Specialty and Personal Lines. Core Commercial includes workers’ compensation, general liability and commercial multiple-peril coverages; Specialty spans specialty property and casualty, programs, excess and surplus lines, professional and executive lines, and marine; Personal Lines serves auto, homeowners and other personal coverages.
Operates domestically through independent agents and brokers, using local-market field support and long-term agency relationships. Specialty is distributed mainly through retail agents, supplemented by selected specialists.
Geographic and catastrophe exposure, including concentrations in Michigan and Massachusetts, shapes results. Other is a reportable segment that includes investment-related activity.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 19, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $225 | Target: $240 |
| Jul 30, 2026 | RBC Capital | Reiterate | Rating: —Target: $215 | Target: $235 |
| Jul 15, 2026 | Piper Sandler | Downgrade | ||
| Jul 13, 2026 | RBC Capital | Reiterate | Rating: —Target: $200 | Target: $215 |
| Jul 8, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $220 | Target: $225 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.02B · Total debt $844.0M · Total assets $16.86B · Shareholders' equity $3.67B
- Revenue
- $1.73B
- Operating income
- $244.6M
- Net income
- $191.6M
HistoryDividendAnnual yield
| Institutions | 93.50% | 32.56M shares | |
|---|---|---|---|
| 552 holders · as of Jun 30, 2026 | |||
| Insiders | 1.18% | 410.6K shares | |
| 20 holders · as of Aug 21, 2026 | |||
| Other | 5.32% | 1.85M shares | |
| remainder | |||
34.82M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.15% | 3.53M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.51% | 1.92M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 5.26% | 1.83M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.67% | 1.63M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.19% | 1.46M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Dennis Francis Kerrigan | officer: Executive Vice President | −2,104 | $222.41 |
| Aug 19, 2026 | Dennis Francis Kerrigan | officer: Executive Vice President | −6,551 | $220.79 |
| Aug 6, 2026 | Theodore H. JR Bunting | director | −600 | $230.20 |
| Aug 5, 2026 | Theodore H. JR Bunting | director | −600 | $228.03 |
| Aug 3, 2026 | Jane D. Carlin | director | −1,000 | $231.50 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Hanover Insurance Group | $218.00 | −0.18% | $7.77B | 10.7 | 11.5 | 1.2 | +0.4% |
| Travelers | $362.01 | −0.05% | $77.41B | 9.9 | 12.1 | 1.6 | −4.8% |
| Chubb | $336.00 | +0.06% | $130.11B | 11.9 | 12.0 | 2.1 | −1.3% |
| Progressive | $206.94 | +0.01% | $123.40B | 10.6 | 12.5 | 1.4 | +5.0% |
| Cincinnati Financial | $165.83 | 0.00% | $25.61B | 7.9 | 18.9 | 1.8 | −18.9% |
| W. R. Berkley | $68.17 | −0.06% | $25.61B | 14.1 | 14.4 | 1.4 | +1.2% |
| Allstate | $229.50 | +0.06% | $62.52B | 4.8 | 8.1 | 0.9 | −7.2% |
| Median | 10.3 | 12.3 | 1.5 | −3.1% |