AF4.F
The Hanover Insurance Group, Inc.
FrankfurtEUREQUITY
Financial Services
DELAYED
Last price
189.00
▲ 1.00 (0.53%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
189.00
Prev close
188.00
Day high
189.00
Day low
189.00
Volume
10
Market cap
$6.58B
P/E (TTM)
10.57
52W range
140.00 – 200.00
Day trading desk
Gap from prior close
+0.53%
Prior close 188.00
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
—
189.00 – 189.00
Position in range
—
—
ATR (14D)
2.07
1.10% of price
Prior day high
188.00
PDH
Prior day low
188.00
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 1
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.56%
-0.4%
1M
+1.61%
-1.7%
3M
+13.86%
+11.4%
6M
+29.45%
+17.5%
YTD
+21.94%
+9.9%
1Y
+27.70%
+7.5%
3Y
+95.85%
+20.8%
5Y
+65.79%
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on AF4.F open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
331.49K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 20, 26 | KERRIGAN DENNIS FRANCIS Officer |
CONVERSION | 8.65K | $1.03M | Direct |
| Aug 20, 26 | KERRIGAN DENNIS FRANCIS Officer |
SELL | 8.65K | $1.91M | Direct |
| Aug 6, 26 | BUNTING THEODORE H JR Director |
SELL | 1.20K | $274.94K | Direct |
| Aug 3, 26 | CARLIN JANE D Director |
SELL | 1.00K | $231.50K | Direct |
| Jul 29, 26 | FARBER JEFFREY M Officer |
CONVERSION | 66.30K | $7.77M | Direct |
| Jun 26, 26 | KERRIGAN DENNIS FRANCIS Officer |
STOCK | 15 | $0 | Direct |
| Jun 26, 26 | LEE WILLARD T Officer |
STOCK | 10 | $0 | Direct |
| Jun 26, 26 | CONDRIN J PAUL Director |
STOCK | 3 | $0 | Direct |
| Jun 26, 26 | WARD ELIZABETH A Director |
STOCK | 3 | $0 | Direct |
| Jun 26, 26 | LOVELY DAVID JOHN Officer |
STOCK | 10 | $0 | Direct |
| Jun 26, 26 | DONNELL WILLIAM E Director |
STOCK | 3 | $0 | Direct |
| Jun 26, 26 | NORTON-GATTO PATRICIA A Officer |
STOCK | 5 | $0 | Direct |
| Jun 26, 26 | CARLIN JANE D Director |
STOCK | 3 | $0 | Direct |
| Jun 26, 26 | ARISTEGUIETA FRANCISCO Director |
STOCK | 3 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BRADICICH KEVIN J |
Director | 10.10K | Stock Award(Grant) |
CONDRIN J PAUL |
Director | 6.36K | Stock Award(Grant) |
EGAN CYNTHIA L |
Director | 10.21K | Stock Award(Grant) |
FARBER JEFFREY M |
Officer | 68.78K | Conversion of Exercise of derivative security |
KERRIGAN DENNIS FRANCIS |
Officer | 12.00K | Conversion of Exercise of derivative security |
LAVEY RICHARD W. |
Officer | 34.45K | Stock Award(Grant) |
LEE WILLARD T |
Officer | 5.99K | Stock Award(Grant) |
RAMRATH JOSEPH R |
Director | 33.83K | Stock Award(Grant) |
ROCHE JOHN C. |
Chief Executive Officer | 141.13K | Stock Award(Grant) |
SALVATORE BRYAN J |
Officer | 29.09K | Stock Award(Grant) |
Fundamentals
Market cap$6.58B
Enterprise value$7.12B
Revenue (TTM)$6.76B
Gross profit$1.70B
EBITDA—
Net income$753.80M
EPS (TTM)$17.88
Free cash flow$1.08B
Total cash$266.10M
Total debt$844.00M
Book value / share$90.07
Shares outstanding34.82M
Float34.46M
Short % of float—
Dividend yield1.78%
Beta (5Y)0.28
Valuation & profitability ratios
Trailing P/E10.57
Forward P/E18.12
PEG ratio—
Price / sales—
Price / book2.10
EV / revenue1.05
EV / EBITDA—
Gross margin25.19%
Operating margin14.75%
Profit margin11.17%
Return on equity21.88%
Return on assets3.89%
Debt / equity22.98
Current ratio0.36
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $6.57B | $6.22B | $5.96B | $5.43B | +5.6% |
| Operating revenue | $6.57B | $6.22B | $5.96B | $5.43B | +5.6% |
| Net interest income | -$43.20M | -$34.10M | -$34.10M | -$34.10M | -26.7% |
| Pre-tax income | $843.80M | $537.80M | $41.10M | $144.00M | +56.9% |
| Tax provision | $183.10M | $112.50M | $7.60M | $27.20M | +62.8% |
| Net income | $662.50M | $426.00M | $35.30M | $116.00M | +55.5% |
| Net income to common | $662.50M | $426.00M | $35.30M | $116.00M | +55.5% |
| Basic EPS | 18.51 | 11.70 | 0.98 | 3.21 | +58.2% |
| Diluted EPS | 18.16 | 11.70 | 0.98 | 3.21 | +55.2% |
| EBIT | $887.00M | $571.90M | $75.20M | $178.10M | +55.1% |
| Basic shares | 35.80M | 35.90M | 35.70M | 36.10M | -0.3% |
| Diluted shares | 36.50M | 36.40M | 36.10M | 36.10M | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.12B | $435.50M | $316.10M | $305.00M | +157.8% |
| Cash & short-term investments | $3.00B | $2.02B | $8.30B | $7.79B | +48.1% |
| Accounts receivable | $3.87B | $3.80B | $3.76B | $3.57B | +2.0% |
| Goodwill & intangibles | $178.80M | $178.80M | $178.80M | $178.80M | 0.0% |
| Total assets | $16.95B | $15.27B | $14.61B | $14.00B | +10.9% |
| Current debt | — | $61.80M | $0 | — | — |
| Long-term debt | $1.22B | $722.30M | $783.20M | $782.40M | +68.7% |
| Total debt | $1.22B | $784.10M | $783.20M | $782.40M | +55.4% |
| Total liabilities | $13.37B | $12.43B | $12.15B | $11.66B | +7.6% |
| Retained earnings | $3.74B | $3.21B | $2.91B | $2.99B | +16.6% |
| Shareholder equity | $3.57B | $2.84B | $2.47B | $2.33B | +25.7% |
| Net tangible assets | $3.39B | $2.66B | $2.29B | $2.15B | +27.4% |
| Shares issued | 60.49M | 60.50M | 60.50M | 60.50M | -0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $662.50M | $426.00M | $35.30M | $116.00M | +55.5% |
| Depreciation & amortisation | -$4.60M | $1.50M | $6.30M | $12.90M | -406.7% |
| Stock-based compensation | $35.60M | $31.00M | $31.10M | $29.00M | +14.8% |
| Change in working capital | $396.20M | $220.90M | $272.10M | $561.30M | +79.4% |
| Operating cash flow | $1.18B | $806.40M | $361.70M | $722.30M | +46.1% |
| Capital expenditure | -$7.70M | -$10.20M | -$11.90M | -$17.80M | +24.5% |
| Investing cash flow | -$666.20M | -$540.90M | -$228.50M | -$507.60M | -23.2% |
| Share buybacks | -$129.20M | -$26.70M | $0 | -$30.80M | -383.9% |
| Dividends paid | -$130.60M | -$124.10M | -$117.20M | -$108.90M | -5.2% |
| Financing cash flow | $175.20M | -$145.50M | -$122.10M | -$140.60M | +220.4% |
| Free cash flow | $1.17B | $796.20M | $349.80M | $704.50M | +47.0% |
| End cash position | $1.12B | $435.50M | $316.10M | $305.00M | +157.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $1.72B | $1.69B | $1.66B | $1.66B | $1.65B | — | +1.9% |
| Operating revenue | $1.72B | $1.69B | $1.66B | $1.66B | $1.65B | — | +1.9% |
| Net interest income | -$10.10M | -$10.80M | -$14.50M | -$11.60M | -$8.60M | — | +6.5% |
| Pre-tax income | $244.60M | $237.10M | $257.80M | $227.10M | $198.80M | — | +3.2% |
| Tax provision | $53.20M | $50.30M | $60.80M | $48.50M | $41.90M | — | +5.8% |
| Net income | $191.60M | $186.80M | $198.50M | $178.70M | $157.10M | — | +2.6% |
| Net income to common | $191.60M | $186.80M | $198.50M | $178.70M | $157.10M | — | +2.6% |
| Basic EPS | 5.48 | 5.30 | 5.59 | 4.90 | 4.38 | — | +3.4% |
| Diluted EPS | 5.38 | — | — | — | 4.38 | — | — |
| EBIT | $254.70M | $247.90M | $272.30M | $238.70M | $207.40M | — | +2.7% |
| Basic shares | 35.00M | — | — | — | 35.90M | — | — |
| Diluted shares | 35.60M | 35.90M | 36.30M | — | 35.90M | 36.60M | -0.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $266.10M | $243.50M | $1.12B | $915.70M | $244.10M | — | +9.3% |
| Cash & short-term investments | $2.02B | $2.03B | $3.00B | $5.04B | $4.21B | — | -0.3% |
| Accounts receivable | $4.03B | $3.91B | $3.87B | $3.91B | $3.87B | — | +3.1% |
| Goodwill & intangibles | $178.80M | $178.80M | $178.80M | $178.80M | $178.80M | — | 0.0% |
| Total assets | $16.86B | $16.53B | $16.95B | $16.77B | $15.73B | — | +2.0% |
| Current debt | — | — | — | — | $436.80M | $61.80M | — |
| Long-term debt | $844.00M | $843.80M | $1.22B | $1.28B | $347.80M | — | +0.0% |
| Total debt | $844.00M | $843.80M | $1.22B | $1.28B | $784.60M | — | +0.0% |
| Total liabilities | $13.19B | $12.96B | $13.37B | $13.35B | $12.52B | — | +1.8% |
| Retained earnings | $4.05B | $3.89B | $3.74B | $3.58B | $3.43B | — | +4.1% |
| Shareholder equity | $3.67B | $3.57B | $3.57B | $3.43B | $3.22B | — | +2.9% |
| Net tangible assets | $3.49B | $3.39B | $3.39B | $3.25B | $3.04B | — | +3.0% |
| Shares issued | 34.90M | 60.50M | 60.49M | 60.48M | 60.50M | — | -42.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $191.60M | $186.80M | $198.50M | $178.70M | $157.10M | +2.6% |
| Depreciation & amortisation | -$1.00M | -$1.80M | -$1.30M | -$1.20M | -$1.00M | +44.4% |
| Stock-based compensation | $11.50M | $6.60M | $7.80M | $10.00M | $11.20M | +74.2% |
| Change in working capital | $64.90M | -$75.70M | $151.00M | $247.60M | $75.90M | +185.7% |
| Operating cash flow | $212.30M | $118.80M | $378.20M | $554.40M | $206.60M | +78.7% |
| Capital expenditure | -$2.90M | -$3.50M | -$1.20M | -$3.00M | -$1.70M | +17.1% |
| Investing cash flow | -$106.20M | -$493.80M | -$23.60M | -$308.20M | -$222.10M | +78.5% |
| Share buybacks | -$55.00M | -$86.90M | -$54.60M | -$36.00M | -$27.60M | +36.7% |
| Dividends paid | -$33.10M | -$33.50M | -$33.70M | -$32.20M | -$32.30M | +1.2% |
| Financing cash flow | -$83.10M | -$504.60M | -$149.60M | $427.60M | -$55.30M | +83.5% |
| Free cash flow | $209.40M | $115.30M | $377.00M | $551.40M | $204.90M | +81.6% |
| End cash position | $266.10M | $243.50M | $1.12B | $915.70M | $244.10M | +9.3% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $1.79B | +3.1% |
| Next quarter | — | — | $1.63B | +9.6% |
| Current year | — | — | $6.77B | +7.1% |
| Next year | — | — | $7.06B | +4.3% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders0.95%
Held by institutions92.97%
Institutions holding689
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
189.60
-0.32% from price
SMA 20
193.20
-2.17% from price
SMA 50
186.82
+1.17% from price
SMA 100
172.37
+9.65% from price
SMA 200
161.04
+17.37% from price
EMA 12
190.05
-0.55% from price
EMA 26
189.69
-0.36% from price
EMA 50
185.21
+2.05% from price
RSI (14)
49.0
Neutral
MACD (12,26,9)
0.36
Hist -1.30
ATR (14)
2.07
1.10% of price
Realised vol 30D
25.2%
Annualised
Bollinger upper
201.95
20, 2σ
Bollinger lower
184.45
20, 2σ
50 / 200 cross
Golden
186.82 vs 161.04
Trend bias
Above 200
+17.37%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.07
Less volatile than market
Correlation to SPY
-0.03
Largely independent
Realised vol 30D
25.2%
Annualised
Market vol 1Y
12.8%
SPY, annualised
Max drawdown 1Y
-11.9%
Peak to trough
Max drawdown 5Y
-35.0%
Peak to trough
ATR 14
2.07
1.10% of price
Beta (reported)
0.28
5Y monthly, from filing
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 19, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Aug 6, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 30, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Jul 29, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Jul 15, 26 | Piper Sandler | DOWNGRADE | Overweight | Neutral |
| Jul 13, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Jul 10, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Jul 8, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 8, 26 | Keefe, Bruyette & Woods | DOWNGRADE | Outperform | Market Perform |
| Jul 6, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| May 26, 26 | Piper Sandler | MAINTAINED | Overweight | Overweight |
| May 21, 26 | Oppenheimer | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate$3.34 / yr
Forward yield1.78%
5-year avg yield2.28%
Payout ratio17.95%
Ex-dividend dateJun 12, 2026
Next pay date—
Last split—
Split date—
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.