THG
The Hanover Insurance Group, Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Buy
+24/100
Last price
220.04
▼ 0.36 (0.16%)
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
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
219.35
Prev close
220.40
Day high
222.56
Day low
219.26
Volume
247.24K
Market cap
$7.66B
P/E (TTM)
10.55
52W range
166.54 – 236.07
Day trading desk
Gap from prior close
-0.48%
Prior close 220.40
VWAP
220.26
-0.10% from price
Relative volume
1.47×
Normal
Session range
1.52%
219.22 – 222.55
Position in range
25%
Near session low
ATR (14D)
4.20
1.91% of price
Prior day high
222.35
PDH
Prior day low
219.02
PDL
Bid / ask spread
—
Quote not published
Session volume
458.03K
Avg 310.99K
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
+0.95%
-1.0%
1M
-3.65%
-4.8%
3M
+3.68%
-0.8%
6M
+25.31%
+7.1%
YTD
+20.39%
+6.1%
1Y
+19.75%
+3.3%
3Y
+98.27%
+16.0%
5Y
—
—
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 THG 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
+103.52K
Net buying
Buy transactions
52
161.28K shares
Sell transactions
12
57.76K shares
Net transactions
+64
Buys less sells
Sell : buy shares
0.4 : 1
Mixed
Insider-held shares
331.84K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 25, 26 | KERRIGAN DENNIS FRANCIS Officer |
STOCK | 14 | $0 | Direct |
| Sep 25, 26 | LEE WILLARD T Officer |
STOCK | 10 | $0 | Direct |
| Sep 25, 26 | CONDRIN J PAUL Director |
STOCK | 3 | $0 | Direct |
| Sep 25, 26 | WARD ELIZABETH A Director |
STOCK | 3 | $0 | Direct |
| Sep 25, 26 | LOVELY DAVID JOHN Officer |
STOCK | 10 | $0 | Direct |
| Sep 25, 26 | DONNELL WILLIAM E Director |
STOCK | 3 | $0 | Direct |
| Sep 25, 26 | NORTON-GATTO PATRICIA A Officer |
STOCK | 5 | $0 | Direct |
| Sep 25, 26 | SALVATORE BRYAN J Officer |
STOCK | 24 | $0 | Direct |
| Sep 25, 26 | BRADICICH KEVIN J Director |
STOCK | 3 | $0 | Direct |
| Sep 25, 26 | ROCHE JOHN C. Chief Executive Officer |
STOCK | 120 | $0 | Direct |
| Sep 25, 26 | CARLIN JANE D Director |
STOCK | 3 | $0 | Direct |
| Sep 25, 26 | ARISTEGUIETA FRANCISCO Director |
STOCK | 3 | $0 | Direct |
| Sep 25, 26 | LANE KATHLEEN S. Director |
STOCK | 3 | $0 | Direct |
| Sep 25, 26 | BUNTING THEODORE H JR 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 | 11.19K | Stock Award(Grant) |
FARBER JEFFREY M |
Officer | 68.82K | Stock Award(Grant) |
KERRIGAN DENNIS FRANCIS |
Officer | 12.02K | Stock Award(Grant) |
LANE KATHLEEN S. |
Director | 7.61K | Stock Award(Grant) |
LAVEY RICHARD W. |
Officer | 34.47K | Stock Award(Grant) |
RAMRATH JOSEPH R |
Director | 33.84K | Stock Award(Grant) |
ROCHE JOHN C. |
Chief Executive Officer | 141.25K | Stock Award(Grant) |
SALVATORE BRYAN J |
Officer | 29.12K | Stock Award(Grant) |
Fundamentals
Market cap$7.66B
Enterprise value$8.24B
Revenue (TTM)$6.76B
Gross profit$1.70B
EBITDA—
Net income$753.80M
EPS (TTM)$20.86
Free cash flow$1.08B
Total cash$266.10M
Total debt$844.00M
Book value / share$105.23
Shares outstanding34.82M
Float34.46M
Short % of float2.41%
Dividend yield1.73%
Beta (5Y)0.25
Valuation & profitability ratios
Trailing P/E10.55
Forward P/E11.22
PEG ratio0.34
Price / sales—
Price / book2.09
EV / revenue1.22
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 | 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 | 5.20 | 5.47 | 4.90 | 4.38 | +3.5% |
| EBIT | $254.70M | $247.90M | $272.30M | $238.70M | $207.40M | +2.7% |
| Basic shares | 35.00M | 35.20M | 35.50M | 35.80M | 35.90M | -0.6% |
| Diluted shares | 35.60M | 35.90M | 36.30M | 36.40M | 35.90M | -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
0.33
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
200.00
-9.1% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
6
Contracts, this expiry
Put volume
2
Contracts, this expiry
Heaviest call OI
200.00
0 contracts
Heaviest put OI
200.00
0 contracts
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
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 3.76 | 5.31 | +41.3% |
| Mar 2026 | 4.22 | 5.25 | +24.5% |
| Dec 2025 | 5.03 | 5.79 | +15.1% |
| Sep 2025 | 4.22 | 5.09 | +20.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 4.41 | 8 | $1.79B | +3.1% |
| Next quarter | 5.42 | 8 | $1.63B | +9.6% |
| Current year | 20.39 | 8 | $6.73B | +6.4% |
| Next year | 19.64 | 8 | $7.06B | +5.0% |
Analyst targets & ownership
Mean target$237.00
High target$260.00
Low target$229.00
Implied upside7.71%
Analyst count8
ConsensusHOLD
Strong buy / Buy1 / 1
Hold6
Sell / Strong sell0 / 0
Held by insiders0.95%
Held by institutions93.30%
Institutions holding698
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
217.94
+0.96% from price
SMA 20
222.35
-1.04% from price
SMA 50
224.92
-2.17% from price
SMA 100
214.16
+2.74% from price
SMA 200
195.64
+12.47% from price
EMA 12
219.83
+0.10% from price
EMA 26
221.67
-0.73% from price
EMA 50
220.78
-0.33% from price
RSI (14)
46.5
Neutral
MACD (12,26,9)
-1.84
Hist -0.27
ATR (14)
4.20
1.91% of price
Realised vol 30D
16.7%
Annualised
Bollinger upper
233.35
20, 2σ
Bollinger lower
211.36
20, 2σ
50 / 200 cross
Golden
224.92 vs 195.64
Trend bias
Above 200
+12.47%
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
-0.14
Less volatile than market
Correlation to SPY
-0.09
Largely independent
Realised vol 30D
16.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-10.0%
Peak to trough
Max drawdown 5Y
-32.4%
Peak to trough
ATR 14
4.20
1.91% of price
Beta (reported)
0.25
5Y monthly, from filing
Short interest
Shares short
742.88K
Prior 688.94K
Change vs prior
+7.8%
Shorts adding
% of float
2.41%
Normal
% of shares out
2.13%
Against total outstanding
Days to cover
2.8
Liquid
Float
34.46M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 26 | Morgan Stanley | MAINTAINED | Equal-Weight | Equal-Weight |
| Sep 18, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| 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 |
Dividends & splits
Forward rate$3.80 / yr
Forward yield1.73%
5-year avg yield2.21%
Payout ratio17.95%
Ex-dividend dateSep 11, 2026
Next pay dateSep 25, 2026
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-07-29
Corporate Changes & Voting Matters
8-K · 2026-07-28
Corporate Changes & Voting Matters
8-K · 2026-07-15
Periodic Financial Reports
10-Q · 2026-04-30
Corporate Changes & Voting Matters
8-K · 2026-04-29
Proxy Statements
DEFA14A · 2026-03-26
Periodic Financial Reports
10-K · 2026-02-20
Corporate Changes & Voting Matters
8-K · 2026-02-04
Headlines
Morgan Stanley Adjusts Price Target on Hanover Insurance Group to $230 From $240
MT Newswires · 2d ago
3 Profitable Stocks with Open Questions
StockStory · 7d ago
THG Outperforms Industry, Trades at a Premium: Time to Buy or Exit?
Zacks · 8d ago
The Hanover Among TIME's World's Best Companies and Forbes' America's Best Insurance Companies
PR Newswire · 8d ago
Is Hanover Insurance Group (THG) Trading At A Premium On Earnings?
Simply Wall St. · 10d ago
New Strong Buy Stocks for September 25th
Zacks · 12d ago
Best Value Stocks to Buy for September 25th
Zacks · 12d ago
4 Insurance Stocks to Consider as Treasury Yields Climb
Zacks · 13d ago
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.