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THG Hanover Insurance

The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items.

Company profile

Ticker
THG
Exchange
CEO
John Roche
Employees
Incorporated
Location
Fiscal year end
Former names
ALLMERICA FINANCIAL CORP
SEC CIK
IRS number
43263626

THG stock data

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Calendar

30 Apr 21
24 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 112.1M 112.1M 112.1M 112.1M 112.1M 112.1M
Cash burn (monthly) 2.83M 2.65M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 7.9M 7.39M n/a n/a n/a n/a
Cash remaining 104.2M 104.71M n/a n/a n/a n/a
Runway (months of cash) 36.8 39.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 21 Bryan J Salvatore Common Stock Sell Dispose S No Yes 140.2435 1,300 182.32K 13,864.066
1 Jun 21 Bryan J Salvatore Common Stock Sell Dispose S No Yes 139.5369 4,291 598.75K 15,164.066
1 Jun 21 Bryan J Salvatore Common Stock Option exercise Aquire M No Yes 82.39 5,591 460.64K 19,455.066
1 Jun 21 Bryan J Salvatore Common Stock Option Common Stock Option exercise Dispose M No Yes 82.39 5,591 460.64K 5,591
14 May 21 Ann Kirkpatrick Tripp Common Stock Sell Dispose S No No 142.5613 2,500 356.4K 17,424.579
14 May 21 Ann Kirkpatrick Tripp Common Stock Option exercise Aquire M No No 85.87 2,500 214.68K 19,924.579
14 May 21 Ann Kirkpatrick Tripp Common Stock Option Common Stock Option exercise Dispose M No No 85.87 2,500 214.68K 2,057
11 May 21 Bradicich Kevin Common Stock Grant Aquire A No No 0 980 0 4,961
11 May 21 Bunting Theodore H JR Common Stock Grant Aquire A No No 0 980 0 1,900
11 May 21 Carlin Jane D Common Stock Grant Aquire A No No 0 980 0 980

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

85.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 342 329 +4.0%
Opened positions 49 42 +16.7%
Closed positions 36 46 -21.7%
Increased positions 98 90 +8.9%
Reduced positions 134 141 -5.0%
13F shares
Current Prev Q Change
Total value 4.04B 3.64B +10.9%
Total shares 30.72M 31.13M -1.3%
Total puts 0 3.1K EXIT
Total calls 4.7K 6.6K -28.8%
Total put/call ratio 0.5
Largest owners
Shares Value Change
Vanguard 3.73M $482.48M -0.4%
BLK Blackrock 3.35M $434.15M +4.2%
BEN Franklin Resources 1.47M $189.81M +17.3%
TROW T. Rowe Price 1.14M $147.94M +5.3%
STT State Street 1.03M $132.76M -1.9%
Alliancebernstein 961.37K $124.46M -1.4%
Massachusetts Financial Services 954.8K $123.61M +2.1%
MCQEF Macquarie 919.77K $119.07M -2.7%
Wellington Management 822.6K $106.49M +4.0%
BK Bank Of New York Mellon 773.25K $100.11M -3.2%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -432.66K EXIT
JHG Janus Henderson 647.37K -320.74K -33.1%
London Co Of Virginia 289.56K +289.56K NEW
BEN Franklin Resources 1.47M +216.65K +17.3%
Allianz Asset Management GmbH 0 -173.77K EXIT
Victory Capital Management 131.1K -161.96K -55.3%
NFJ Investment 158.96K +158.96K NEW
Wedge Capital Management L L P 153.49K +153.49K NEW
ProShare Advisors 142.76K +137.33K +2525.8%
BLK Blackrock 3.35M +134.15K +4.2%

Financial report summary

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Management Discussion
  • Consolidated net income was $358.7 million in 2020, compared to $425.1 million in 2019, a decrease of $66.4 million. The year over year comparison of consolidated net income reflects a decrease in after-tax net realized and unrealized investment gains of $82.5 million, principally related to changes in the fair value of equity securities. This was partially offset by an increase in operating income before interest expense and income taxes of $31.1 million, primarily due to lower non-catastrophe current accident year losses, primarily in our personal and commercial automobile lines, and favorable development on prior years’ loss reserves, partially offset by higher catastrophe losses and, to a lesser extent, lower net investment income.
Content analysis
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