HANOVER INSURANCE GROUP, INC.
THG · Fire, Marine & Casualty Insurance · 35.0M shares · -3%/yr ↓ buyback · EDGAR filings ↗
Reference price $185.76 · est. market cap ~$6.5B — last insider sale, 2026-06-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74Hanover Insurance — regional commercial/personal P&C insurer with solid returns.
Strengths
- ROE 18.5% (65th pct), net income +56% (66th)
- Disciplined commercial-lines focus
Risks
- Northeast catastrophe/weather concentration
- Reserve and reinsurance-cost sensitivity
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
14.1%
Net margin
10.0%
Return on equity
18.5%
Return on assets
3.9%
ROIC
16.7%
Revenue growth (QoQ)
1.8%
Net-income growth
55.5%
Debt / equity
0.2×
Net debt / EBITDA
-0.3×
Free cash flow
$1.2B
EBITDA
$928M
Tangible book value
$3.4B
Cash & investments
$1.1B
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-03 | Salvatore Bryan J | Sell | 16K | $185.76 |
| 2026-06-03 | Salvatore Bryan J | Option exercise | 16K | $104.11 |
| 2026-05-21 | Aristeguieta Francisco | Sell | 1.0K | $195.37 |
| 2026-05-20 | Roche John C | Sell | 5.1K | $194.05 |
| 2026-05-20 | Kerrigan Dennis Francis | Option exercise | 6.3K | $115.35 |
| 2026-05-20 | Kerrigan Dennis Francis | Sell | 6.3K | $192.99 |
| 2026-05-20 | Roche John C | Sell | 3.2K | $193.21 |
| 2026-05-20 | Roche John C | Sell | 61 | $194.77 |
| 2026-05-19 | Roche John C | Option exercise | 24K | $104.11 |
| 2026-05-19 | Roche John C | Option exercise | 9.1K | $85.87 |
| 2026-05-19 | Roche John C | Tax withheld | 25K | $193.79 |
| 2026-05-18 | Roche John C | Sell | 375 | $196.55 |
| 2026-05-18 | Roche John C | Sell | 2.3K | $197.61 |
| 2026-05-18 | Roche John C | Sell | 2.5K | $198.65 |
| 2026-05-18 | Roche John C | Sell | 100 | $199.23 |
| 2026-05-15 | Roche John C | Tax withheld | 13K | $194.64 |
| 2026-05-15 | Roche John C | Option exercise | 18K | $85.87 |
| 2026-05-14 | Lowsley Denise | Sell | 4.2K | $191.73 |
| 2026-05-14 | Lowsley Denise | Option exercise | 4.2K | $115.35 |
| 2026-05-12 | Ward Elizabeth A | Grant | 843 | — |
| 2026-05-12 | Donnell William E. | Grant | 843 | — |
| 2026-05-12 | Condrin J Paul | Grant | 843 | — |
| 2026-05-12 | Bradicich Kevin | Grant | 843 | — |
| 2026-05-12 | Egan Cynthia | Grant | 843 | — |
| 2026-05-12 | Aristeguieta Francisco | Grant | 843 | — |
| 2026-05-12 | Carlin Jane D | Grant | 843 | — |
| 2026-05-12 | Bunting Theodore H JR | Grant | 843 | — |
| 2026-05-12 | LANE KATHY S | Grant | 843 | — |
| 2026-05-12 | RAMRATH JOSEPH R | Grant | 843 | — |
| 2026-05-08 | Lowsley Denise | Sell | 1.1K | $188.43 |
| 2026-05-04 | Lee Willard T | Sell | 1.0K | $183.93 |
| 2026-05-01 | Egan Cynthia | Sell | 3.4K | $188.50 |
| 2026-03-27 | Lee Willard T | Grant | 14 | — |
| 2026-03-27 | LOVELY DAVID JOHN | Grant | 13 | — |
| 2026-03-27 | Lowsley Denise | Grant | 12 | — |
| 2026-03-27 | FARBER JEFFREY M | Grant | 53 | — |
| 2026-03-27 | Kerrigan Dennis Francis | Grant | 19 | — |
| 2026-03-27 | LAVEY RICHARD W | Grant | 35 | — |
| 2026-03-27 | Roche John C | Grant | 153 | — |
| 2026-03-27 | Salvatore Bryan J | Grant | 31 | — |
| 2026-02-27 | Lee Willard T | Tax withheld | 1.2K | $180.63 |
| 2026-02-27 | Carlin Jane D | Sell | 1.2K | $180.91 |
| 2026-02-27 | Kerrigan Dennis Francis | Tax withheld | 1.8K | $180.63 |
| 2026-02-27 | FARBER JEFFREY M | Tax withheld | 5.5K | $180.63 |
| 2026-02-27 | LAVEY RICHARD W | Tax withheld | 3.2K | $180.63 |
| 2026-02-27 | Salvatore Bryan J | Tax withheld | 2.8K | $180.63 |
| 2026-02-27 | Roche John C | Tax withheld | 14K | $180.63 |
| 2026-02-27 | LOVELY DAVID JOHN | Tax withheld | 1.1K | $180.63 |
| 2026-02-27 | Lowsley Denise | Tax withheld | 1.2K | $180.63 |
| 2026-02-24 | FARBER JEFFREY M | Grant | 5.0K | — |
| 2026-02-24 | FARBER JEFFREY M | Grant | 3.2K | — |
| 2026-02-24 | FARBER JEFFREY M | Grant | 3.0K | — |
| 2026-02-24 | Kerrigan Dennis Francis | Grant | 1.7K | — |
| 2026-02-24 | Kerrigan Dennis Francis | Grant | 1.1K | — |
| 2026-02-24 | Kerrigan Dennis Francis | Grant | 1.1K | — |
| 2026-02-24 | LAVEY RICHARD W | Grant | 2.9K | — |
| 2026-02-24 | LAVEY RICHARD W | Grant | 1.9K | — |
| 2026-02-24 | LAVEY RICHARD W | Grant | 2.1K | — |
| 2026-02-24 | LOVELY DAVID JOHN | Grant | 1.1K | — |
| 2026-02-24 | LOVELY DAVID JOHN | Grant | 698 | — |
| 2026-02-24 | LOVELY DAVID JOHN | Grant | 793 | — |
| 2026-02-24 | Lowsley Denise | Grant | 1.2K | — |
| 2026-02-24 | Lowsley Denise | Grant | 744 | — |
| 2026-02-24 | Lowsley Denise | Grant | 649 | — |
| 2026-02-24 | Roche John C | Grant | 13K | — |
| 2026-02-24 | Roche John C | Grant | 8.5K | — |
| 2026-02-24 | Roche John C | Grant | 9.4K | — |
| 2026-02-24 | Salvatore Bryan J | Grant | 2.6K | — |
| 2026-02-24 | Salvatore Bryan J | Grant | 1.7K | — |
| 2026-02-24 | Salvatore Bryan J | Grant | 1.9K | — |
| 2026-02-24 | Lee Willard T | Grant | 1.2K | — |
| 2026-02-24 | Lee Willard T | Grant | 744 | — |
| 2026-02-24 | Lee Willard T | Grant | 793 | — |
| 2026-02-05 | LAVEY RICHARD W | Option exercise | 17K | $77.91 |
| 2026-02-05 | LAVEY RICHARD W | Sell | 4.3K | $178.05 |
| 2026-02-05 | LAVEY RICHARD W | Sell | 4.1K | $178.78 |
| 2026-02-05 | LAVEY RICHARD W | Sell | 9.0K | $179.83 |
| 2026-02-05 | LAVEY RICHARD W | Sell | 4.1K | $178.08 |
| 2026-02-05 | LAVEY RICHARD W | Sell | 2.6K | $178.68 |
| 2026-02-05 | LAVEY RICHARD W | Sell | 278 | $179.69 |
| 2026-02-05 | LAVEY RICHARD W | Gift | 1.4K | — |
| 2026-01-23 | Carlin Jane D | Other | 3.6K | — |
| 2026-01-23 | Carlin Jane D | Other | 3.6K | — |
| 2025-12-26 | Salvatore Bryan J | Grant | 27 | — |
| 2025-12-26 | Roche John C | Grant | 135 | — |
| 2025-12-26 | Lowsley Denise | Grant | 12 | — |
| 2025-12-26 | LOVELY DAVID JOHN | Grant | 12 | — |
| 2025-12-26 | Lee Willard T | Grant | 12 | — |
| 2025-12-26 | LAVEY RICHARD W | Grant | 32 | — |
| 2025-12-26 | Kerrigan Dennis Francis | Grant | 17 | — |
| 2025-12-26 | FARBER JEFFREY M | Grant | 50 | — |
| 2025-12-01 | FARBER JEFFREY M | Tax withheld | 136 | $185.91 |
| 2025-12-01 | Kerrigan Dennis Francis | Tax withheld | 150 | $185.91 |
| 2025-12-01 | Salvatore Bryan J | Tax withheld | 242 | $185.91 |
| 2025-12-01 | Roche John C | Tax withheld | 382 | $185.91 |
| 2025-11-12 | Lowsley Denise | Sell | 1.6K | $181.47 |
| 2025-11-05 | Roche John C | Gift | 590 | — |
| 2025-11-04 | Kerrigan Dennis Francis | Gift | 175 | — |
| 2025-09-26 | LAVEY RICHARD W | Grant | 31 | — |
| 2025-09-26 | LOVELY DAVID JOHN | Grant | 11 | — |
| 2025-09-26 | Lee Willard T | Grant | 12 | — |
| 2025-09-26 | Lowsley Denise | Grant | 11 | — |
| 2025-09-26 | Salvatore Bryan J | Grant | 27 | — |
| 2025-09-26 | Kerrigan Dennis Francis | Grant | 18 | — |
| 2025-09-26 | FARBER JEFFREY M | Grant | 49 | — |
| 2025-09-26 | Roche John C | Grant | 132 | — |
| 2025-08-01 | Lowsley Denise | Option exercise | 5.6K | $118.54 |
| 2025-08-01 | Lowsley Denise | Sell | 5.6K | $168.15 |
| 2025-06-27 | Salvatore Bryan J | Grant | 29 | — |
| 2025-06-27 | Lowsley Denise | Grant | 12 | — |
| 2025-06-27 | Lee Willard T | Grant | 13 | — |
| 2025-06-27 | LOVELY DAVID JOHN | Grant | 12 | — |
| 2025-06-27 | Kerrigan Dennis Francis | Grant | 19 | — |
| 2025-06-27 | LAVEY RICHARD W | Grant | 33 | — |
| 2025-06-27 | FARBER JEFFREY M | Grant | 52 | — |
| 2025-06-27 | Roche John C | Grant | 141 | — |
| 2025-05-23 | Carlin Jane D | Sell | 977 | $167.81 |
| 2025-05-14 | Bradicich Kevin | Grant | 977 | — |
| 2025-05-14 | Ward Elizabeth A | Grant | 977 | — |
| 2025-05-14 | RAMRATH JOSEPH R | Grant | 977 | — |
| 2025-05-14 | LANE KATHY S | Grant | 977 | — |
| 2025-05-14 | Condrin J Paul | Grant | 977 | — |
| 2025-05-14 | Carlin Jane D | Grant | 977 | — |
| 2025-05-14 | Bunting Theodore H JR | Grant | 977 | — |
| 2025-05-14 | Aristeguieta Francisco | Grant | 977 | — |
| 2025-05-14 | Egan Cynthia | Grant | 977 | — |
| 2025-05-14 | Donnell William E. | Grant | 977 | — |
| 2025-05-07 | Salvatore Bryan J | Option exercise | 11K | $82.39 |
| 2025-05-07 | Salvatore Bryan J | Sell | 5.0K | $166.12 |
| 2025-05-07 | Salvatore Bryan J | Sell | 5.4K | $167.01 |
| 2025-05-07 | Salvatore Bryan J | Sell | 114 | $167.76 |
| 2025-04-01 | Roche John C | Option exercise | 8.9K | $77.91 |
| 2025-04-01 | Roche John C | Sell | 8.9K | $175.17 |
| 2025-03-31 | Roche John C | Option exercise | 301 | $77.91 |
| 2025-03-31 | Roche John C | Sell | 301 | $175.00 |
| 2025-03-28 | LOVELY DAVID JOHN | Grant | 12 | — |
| 2025-03-28 | Lowsley Denise | Grant | 12 | — |
| 2025-03-28 | FARBER JEFFREY M | Grant | 50 | — |
| 2025-03-28 | Lee Willard T | Grant | 12 | — |
| 2025-03-28 | LAVEY RICHARD W | Grant | 31 | — |
| 2025-03-28 | Kerrigan Dennis Francis | Grant | 18 | — |
| 2025-03-28 | Salvatore Bryan J | Grant | 28 | — |
| 2025-03-28 | Roche John C | Option exercise | 400 | $77.91 |
| 2025-03-28 | Roche John C | Sell | 400 | $175.03 |
| 2025-03-28 | Roche John C | Grant | 136 | — |
| 2025-03-27 | Roche John C | Option exercise | 200 | $77.91 |
| 2025-03-27 | Roche John C | Sell | 200 | $175.01 |
| 2025-03-26 | Roche John C | Option exercise | 900 | $77.91 |
| 2025-03-26 | Roche John C | Sell | 900 | $175.17 |
| 2025-03-03 | Salvatore Bryan J | Sell | 5.0K | $172.67 |
| 2025-03-03 | Roche John C | Option exercise | 11K | $77.91 |
| 2025-03-03 | Roche John C | Sell | 1.9K | $170.91 |
| 2025-03-03 | Roche John C | Sell | 5.5K | $172.66 |
| 2025-03-03 | Roche John C | Sell | 3.3K | $171.86 |
| 2025-03-03 | Salvatore Bryan J | Option exercise | 11K | $82.39 |
| 2025-03-03 | Salvatore Bryan J | Sell | 1.5K | $170.83 |
| 2025-03-03 | Salvatore Bryan J | Sell | 4.0K | $171.86 |
| 2025-02-28 | Kerrigan Dennis Francis | Tax withheld | 1.2K | $170.53 |
| 2025-02-28 | LAVEY RICHARD W | Tax withheld | 1.9K | $170.53 |
| 2025-02-28 | Lowsley Denise | Tax withheld | 832 | $170.53 |
| 2025-02-28 | Roche John C | Tax withheld | 8.8K | $170.53 |
| 2025-02-28 | FARBER JEFFREY M | Tax withheld | 3.7K | $170.53 |
| 2025-02-28 | Lee Willard T | Tax withheld | 770 | $170.53 |
| 2025-02-28 | Salvatore Bryan J | Tax withheld | 1.8K | $170.53 |
| 2025-02-27 | Roche John C | Option exercise | 23K | $66.14 |
| 2025-02-27 | Roche John C | Tax withheld | 16K | $166.00 |
| 2025-02-25 | Lee Willard T | Grant | 773 | — |
| 2025-02-25 | LAVEY RICHARD W | Grant | 2.0K | — |
| 2025-02-25 | Salvatore Bryan J | Grant | 1.8K | — |
| 2025-02-25 | Kerrigan Dennis Francis | Grant | 1.1K | — |
| 2025-02-25 | Roche John C | Grant | 8.7K | — |
| 2025-02-25 | FARBER JEFFREY M | Grant | 3.1K | — |
| 2025-02-25 | LOVELY DAVID JOHN | Grant | 773 | — |
| 2025-02-25 | Lowsley Denise | Grant | 696 | — |
| 2025-02-24 | Salvatore Bryan J | Grant | 353 | — |
| 2025-02-24 | Kerrigan Dennis Francis | Grant | 1.3K | — |
| 2025-02-24 | Kerrigan Dennis Francis | Grant | 243 | — |
| 2025-02-24 | Salvatore Bryan J | Grant | 1.9K | — |
| 2025-02-24 | Lowsley Denise | Grant | 166 | — |
| 2025-02-24 | Roche John C | Grant | 9.6K | — |
| 2025-02-24 | Roche John C | Grant | 1.7K | — |
| 2025-02-24 | BARNES WARREN E. | Grant | 212 | — |
| 2025-02-24 | FARBER JEFFREY M | Grant | 4.0K | — |
| 2025-02-24 | FARBER JEFFREY M | Grant | 727 | — |
| 2025-02-24 | BARNES WARREN E. | Grant | 39 | — |
| 2025-02-24 | Lee Willard T | Grant | 155 | — |
| 2025-02-24 | Lee Willard T | Grant | 846 | — |
| 2025-02-24 | LAVEY RICHARD W | Grant | 2.2K | — |
| 2025-02-24 | LAVEY RICHARD W | Grant | 397 | — |
| 2025-02-24 | Lowsley Denise | Grant | 905 | — |
| 2025-01-15 | LANE KATHY S | Other | 1.9K | — |
| 2025-01-15 | LANE KATHY S | Other | 1.9K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-13 | Exec/director changeShareholder voteOtherExhibits | filing ↗ |
| 2026-04-29 | ResultsExhibits | filing ↗ |
| 2026-02-04 | ResultsExhibits | filing ↗ |
| 2025-12-16 | Reg FDExhibits | filing ↗ |
| 2025-10-29 | ResultsExhibits | filing ↗ |
| 2025-08-21 | Debt obligationOtherExhibits | filing ↗ |
| 2025-07-31 | ResultsExhibits | filing ↗ |
| 2025-05-14 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-13 | 2026-05-12 | 0001193125-26-221636 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001193125-26-197530 ↗ |
| 8-K | 2026-04-29 | 2026-04-29 | 0001193125-26-192352 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0001193125-26-060983 ↗ |
| 8-K | 2026-02-04 | 2026-02-03 | 0001193125-26-036103 ↗ |
| 8-K | 2025-12-16 | 2025-12-16 | 0001193125-25-320900 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001193125-25-258501 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001193125-25-256618 ↗ |
| 8-K | 2025-08-21 | 2025-08-19 | 0001193125-25-185293 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0000950170-25-100956 ↗ |
| 8-K | 2025-07-31 | 2025-07-30 | 0000950170-25-100428 ↗ |
| 8-K | 2025-05-14 | 2025-05-13 | 0000950170-25-071460 ↗ |