Hanover Insurance
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 6,809 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
29% more repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 117
14% more capital invested
Capital invested by funds: $4B [Q2] → $4.58B (+$577M) [Q3]
1% more funds holding
Funds holding: 366 [Q2] → 370 (+4) [Q3]
9% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 45
1.34% less ownership
Funds ownership: 88.77% [Q2] → 87.43% (-1.34%) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$170
10%
upside
Avg. target
$174
13%
upside
High target
$180
17%
upside
8 analyst ratings
4 positive
50%
4 neutral
50%
0 negative
0%
BMO Capital Michael Zaremski 64% 1-year accuracy 16 / 25 met price target | 17%upside $180 | Outperform Maintained | 19 Dec 2024 |
Morgan Stanley Bob Huang 53% 1-year accuracy 8 / 15 met price target | 10%upside $170 | Equal-Weight Initiated | 5 Dec 2024 |
Janney Montgomery Scott Robert Farnam 100% 1-year accuracy 1 / 1 met price target | 14%upside $176 | Neutral Downgraded | 21 Nov 2024 |
Keefe, Bruyette & Woods Meyer Shields 61% 1-year accuracy 54 / 88 met price target | 10%upside $170 | Market Perform Maintained | 7 Nov 2024 |
Piper Sandler Paul Newsome 78% 1-year accuracy 35 / 45 met price target | 14%upside $175 | Overweight Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 5 articles about THG published over the past 30 days
Neutral
PRNewsWire
2 days ago
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of The Hanover Insurance Group, Inc. (NYSE: THG)
NEW YORK , Dec. 19, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating The Hanover Insurance Group, Inc. (NYSE: THG) on behalf of the company's shareholders. The investigation seeks to determine whether The Hanover Insurance Group's directors breached their fiduciary duties in connection with recent corporate actions.
Neutral
PRNewsWire
2 days ago
The Hanover Insurance Group, Inc. to Issue Fourth Quarter Financial Results on February 4
WORCESTER, Mass. , Dec. 19, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its fourth quarter and full-year financial results after the market closes on Tuesday, February 4, 2025.
Positive
Seeking Alpha
2 weeks ago
17 Upcoming Dividend Increases, Including A King
With the holiday season underway, I present 17 companies with dividend increases for 2024, including Becton, Dickinson, and Company, a dividend king with a 52-year streak. My strategy focuses on buying, holding, and adding to companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. I prioritize companies with strong historical returns and high 10-year dividend growth rates, comparing them against the Schwab U.S. Dividend Equity ETF.
Positive
Zacks Investment Research
2 weeks ago
Hanover Insurance Rewards Shareholders With 5.9% Dividend Hike
THG's recent dividend hike reflects its intention to enhance shareholders' value, supported by a strong financial position.
Neutral
PRNewsWire
2 weeks ago
The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.90 Per Common Share
WORCESTER, Mass. , Dec. 2, 2024 /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 $0.90 per share on the issued and outstanding common stock of the company, payable December 27, 2024, to shareholders of record at the close of business on December 13, 2024.
Positive
Zacks Investment Research
1 month ago
THG Stock Up 34.4% YTD: Time to Add to Your Portfolio for Better Return?
Hanover Insurance stands to gain from growth in the Core Commercial and Specialty segments, stable retention, better pricing, strong market presence and solid capital position.
Neutral
Seeking Alpha
1 month ago
The Hanover Insurance Group, Inc. (THG) Q3 2024 Earnings Call Transcript
The Hanover Insurance Group, Inc. (THG) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 month ago
Hanover Insurance (THG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Hanover Insurance (THG) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
Hanover Insurance Group (THG) Beats Q3 Earnings Estimates
Hanover Insurance Group (THG) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $0.19 per share a year ago.
Neutral
PRNewsWire
1 month ago
The Hanover Reports Excellent Third Quarter Net Income and Operating Income of $2.80 and $3.05 per Diluted Share, Respectively; Net and Operating Return on Equity of 15.0% and 14.4%, Respectively
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 ratio Net 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 Specialty Rate increases(2) of 14.4% in Personal Lines, 10.0% in Core Commercial and 7.6% in Specialty Loss and loss adjustment expense (LAE) ratio of 64.5%, 9.7 points below the prior-year quarter Current 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 Lines Net investment income of $91.8 million, up 9.0% from the prior-year quarter, primarily due to higher bond reinvestment yields; net investment income from fixed maturities up 15.4% from the prior-year quarter Book value per share of $79.90, up 12.6% from June 30, 2024, driven by unrealized gains on the fixed maturity portfolio, as well as strong earnings WORCESTER, Mass. , Oct. 30, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $102.1 million, or $2.80 per diluted share, in the third quarter of 2024, compared to net income of $8.6 million, or $0.24 per diluted share, in the prior-year quarter.
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