Philadelphia Financial Management of San Francisco LLC Acquires New Shares in The Hanover Insurance Group, Inc. $THG

Posted by Brenda Bartman on Aug 27th, 2026

Philadelphia Financial Management of San Francisco LLC bought a new position in shares of The Hanover Insurance Group, Inc. (NYSE:THG – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 31,040 shares of the insurance provider’s stock, valued at approximately $6,646,285. The Hanover Insurance Group makes up 0.0% of Philadelphia Financial Management of San Francisco LLC’s portfolio, making the stock its 29th largest position. Philadelphia Financial Management of San Francisco LLC owned about 0.09% of The Hanover Insurance Group as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. JPL Wealth Management LLC purchased a new stake in The Hanover Insurance Group during the third quarter worth $26,000. McMillan Office Inc. bought a new stake in shares of The Hanover Insurance Group during the fourth quarter valued at approximately $31,000. Entrust Financial LLC acquired a new position in The Hanover Insurance Group during the 4th quarter worth approximately $33,000. Clearstead Trust LLC bought a new stake in The Hanover Insurance Group during the second quarter worth about $36,000. Finally, Root Financial Partners LLC boosted its position in shares of The Hanover Insurance Group by 69.3% during the 1st quarter. Root Financial Partners LLC now owns 237 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 97 shares in the last quarter. 86.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on THG shares. BMO Capital Markets downgraded shares of The Hanover Insurance Group from an “outperform” rating to a “market perform” rating and raised their price target for the company from $194.00 to $203.00 in a research report on Tuesday, May 19th. Morgan Stanley raised their target price on shares of The Hanover Insurance Group from $235.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada raised their price objective on The Hanover Insurance Group from $215.00 to $235.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Oppenheimer boosted their price objective on shares of The Hanover Insurance Group from $205.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of The Hanover Insurance Group from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $225.71.

Check Out Our Latest Report on THG

Insider Buying and Selling at The Hanover Insurance Group

In other news, EVP Dennis Francis Kerrigan sold 2,104 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $222.41, for a total transaction of $467,950.64. Following the completion of the transaction, the executive vice president directly owned 12,003 shares of the company’s stock, valued at approximately $2,669,587.23. This represents a 14.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jane D. Carlin sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $231.50, for a total value of $231,500.00. Following the transaction, the director owned 2,270 shares of the company’s stock, valued at $525,505. This represents a 30.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 9,655 shares of company stock worth $2,145,846. Company insiders own 2.80% of the company’s stock.

The Hanover Insurance Group Price Performance

Shares of The Hanover Insurance Group stock traded up $0.07 on Friday, hitting $227.73. The company’s stock had a trading volume of 172,962 shares, compared to its average volume of 325,556. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 10.87 and a beta of 0.27. The firm has a fifty day moving average price of $219.31 and a 200-day moving average price of $194.96. The Hanover Insurance Group, Inc. has a 1 year low of $166.54 and a 1 year high of $236.07.

The Hanover Insurance Group (NYSE:THG – Get Free Report) last announced its earnings results on Tuesday, July 28th. The insurance provider reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $3.84 by $1.47. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. The Hanover Insurance Group had a return on equity of 21.72% and a net margin of 11.17%.The Hanover Insurance Group’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.35 EPS. As a group, sell-side analysts anticipate that The Hanover Insurance Group, Inc. will post 20.17 earnings per share for the current fiscal year.

The Hanover Insurance Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.95 per share. The ex-dividend date was Friday, June 12th. This represents a $3.80 annualized dividend and a yield of 1.7%. The Hanover Insurance Group’s dividend payout ratio is presently 18.14%.

The Hanover Insurance Group declared that its board has approved a share repurchase program on Wednesday, May 13th that allows the company to buyback $700.00 million in outstanding shares. This buyback authorization allows the insurance provider to repurchase up to 10.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The Hanover Insurance Group Profile

(Free Report)

The Hanover Insurance Group, Inc (NYSE: THG) is a property and casualty insurance company that provides a range of commercial and personal insurance products. Through its subsidiary companies, Hanover offers coverage for businesses of all sizes, including workers’ compensation, general liability, commercial auto, and professional liability. On the personal lines side, the company underwrites homeowners, personal auto, flood, and umbrella policies designed to meet the needs of individuals and families.

In addition to its core commercial and personal insurance offerings, Hanover maintains a specialty arm that focuses on niche markets through tailored product solutions.