13FPulse
TH

THG HANOVER INSURANCE GROUP INC/

2026Q2 · CUSIP 410867105 · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
540
Institutions that reported holding it to the SEC
Net increase in holders
+35
Last quarter 505 → now 540
How unusual is that
Top 10%
Stronger buying than 91% of US stocks
What the filings say, in one paragraph

540 funds held THG at the end of 2026Q2, up 35 from the quarter before. That is stronger buying than 91.4% of US stocks — among the most piled-into names this quarter. On the business itself, revenue over the last 12 months was $6.8B(YoY +5.6%), the P/E is 10.9x, return on equity is 20.6%. THG has had 14 buying rushes in its history, and the price moved +3.2% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=232 2013Q4: holders=249 2014Q1: holders=256 2014Q2: holders=251 2014Q3: holders=249 2014Q4: holders=257 2015Q1: holders=251 2015Q2: holders=256 2015Q3: holders=268 2015Q4: holders=274 2016Q1: holders=273 2016Q2: holders=295 2016Q3: holders=280 2016Q4: holders=288 2017Q1: holders=279 2017Q2: holders=267 2017Q3: holders=272 2017Q4: holders=297 2018Q1: holders=308 2018Q2: holders=312 2018Q3: holders=303 2018Q4: holders=318 2019Q1: holders=324 2019Q2: holders=322 2019Q3: holders=343 2019Q4: holders=351 2020Q1: holders=339 2020Q2: holders=340 2020Q3: holders=338 2020Q4: holders=332 2021Q1: holders=350 2021Q2: holders=327 2021Q3: holders=323 2021Q4: holders=350 2022Q1: holders=355 2022Q2: holders=352 2022Q3: holders=331 2022Q4: holders=355 2023Q1: holders=347 2023Q2: holders=334 2023Q3: holders=332 2023Q4: holders=341 2024Q1: holders=346 2024Q2: holders=370 2024Q3: holders=376 2024Q4: holders=408 2025Q1: holders=439 2025Q2: holders=434 2025Q3: holders=460 2025Q4: holders=496 2026Q1: holders=505 2026Q2: holders=540 -36 -18 +0 +18 +36 208388567 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 14 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 10%
2025Q4 Top 20% +0.8% +11.7%
2025Q3 Top 20% +1.6% -1.4%
2025Q1 Top 10% -3.9% +2.1%
2024Q4 Top 20% +8.3% +4.1%
2024Q2 Top 20% +10.0% +21.0%
2022Q4 Top 20% -9.7% -15.5%
2021Q4 Top 20% +7.3% +4.0%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
224
Change in large funds
+13
Total value they hold
$6.8B
Funds buying for the first time
84
Funds that sold out entirely
49
Price change that quarter
+15.8%
Funds holding puts (bearish)
2
Funds holding calls (bullish)
2

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
10.9
EPS (TTM)
$20.94
EPS YoY
+37.8%
Revenue (TTM)
$6.8B
Revenue YoY
+5.6%
Net margin
11.2%
ROE
20.6%
Debt ratio
78.2%
FCF (TTM)
$1.3B
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-09-30: EPS 0.01 2022-12-31: EPS -0.33 2023-03-31: EPS -0.34 2023-06-30: EPS -1.94 2023-09-30: EPS 0.24 2023-12-31: EPS 3.02 2024-03-31: EPS 3.18 2024-06-30: EPS 1.12 2024-09-30: EPS 2.80 2024-12-31: EPS 4.60 2025-03-31: EPS 3.50 2025-06-30: EPS 4.30 2025-09-30: EPS 4.90 2025-12-31: EPS 5.46 2026-03-31: EPS 5.20 2026-06-30: EPS 5.38 0B 0.9B 1.7B $B -2.13 1.94 6.01 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 14 8 73 138 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
0K276M551M 20162017201820192020202120222023202420252026
Latest quarter $115M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.