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Hanover Insurance ( (THG) ) has provided an update.
On May 13, 2026, The Hanover Insurance Group appointed longtime executive Patricia A. Norton-Gatto, currently senior vice president and corporate controller, as principal accounting officer, succeeding CFO Jeffrey M. Farber in that role. Norton-Gatto, a CPA who joined the company in 1993 and has held a series of senior finance positions, brings deep institutional and technical accounting experience to the post.
At its May 12, 2026 annual meeting, Hanover shareholders re-elected eight directors, approved the advisory vote on executive compensation and ratified PricewaterhouseCoopers LLP as independent auditor for 2026. These votes signal shareholder support for the company’s current leadership, pay practices and external audit relationship.
Also on May 13, 2026, the board terminated its existing repurchase program and authorized a new share buyback of up to $700 million, replacing a prior authorization with about $63 million remaining. The significantly larger program underscores management’s confidence in earnings durability and capital position, while potentially enhancing shareholder returns through flexible, opportunistic stock repurchases.
The most recent analyst rating on (THG) stock is a Buy with a $211.00 price target. To see the full list of analyst forecasts on Hanover Insurance stock, see the THG Stock Forecast page.
Spark’s Take on THG Stock
According to Spark, TipRanks’ AI Analyst, THG is a Outperform.
The score is driven primarily by strong financial performance (improved profitability/ROE, conservative leverage, and high cash conversion). Valuation is also supportive due to the low P/E and dividend yield. Technicals add a positive but secondary tailwind, while the earnings call was constructive but includes near-term risk from elevated catastrophe losses and liability severity.
To see Spark’s full report on THG stock, click here.
More about Hanover Insurance
The Hanover Insurance Group, Inc. is a holding company for several property and casualty insurance carriers, forming one of the largest insurance businesses in the United States. Working through a network of independent agents and brokers, it provides standard and specialized coverage for small and mid-sized businesses, as well as insurance for homes, automobiles and other personal assets.
The company emphasizes tailored property and casualty solutions and partners closely with selected distribution intermediaries to reach its target markets. Its focus on both commercial and personal lines positions Hanover as a diversified player in the U.S. P&C insurance sector, balancing business insurance with consumer-focused offerings.
Average Trading Volume: 287,297
Technical Sentiment Signal: Buy
Current Market Cap: $6.63B
Learn more about THG stock on TipRanks’ Stock Analysis page.