Hanover InsuranceTHG
Market Cap: $5.24B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
82% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 28
14.61% more ownership
Funds ownership: 72.97% [Q1] → 87.58% (+14.61%) [Q2]
7% more funds holding
Funds holding: 342 [Q1] → 365 (+23) [Q2]
3% more repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 127
8% less capital invested
Capital invested by funds: $4.27B [Q1] → $3.95B (-$322M) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Keefe, Bruyette & Woods Meyer Shields 79% 1-year accuracy 62 / 78 met price target | 1%downside $144 | Market Perform Maintained | 13 Aug 2024 |
B of A Securities Grace Carter 83% 1-year accuracy 5 / 6 met price target | 9%upside $158 | Neutral Maintained | 6 Aug 2024 |
Piper Sandler Paul Newsome 89% 1-year accuracy 50 / 56 met price target | 11%upside $162 | Overweight Maintained | 2 Aug 2024 |
JMP Securities Matthew Carletti 78% 1-year accuracy 46 / 59 met price target | 10%upside $160 | Market Outperform Maintained | 1 Aug 2024 |
Financial journalist opinion
Based on 5 articles about THG published over the past 30 days