Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

HANOVER INS GROUP INC (THG)

457 + Investors. Track Smart Money conviction in THG. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +32
Streak
2Q ▲
Buyers last Q
55%

Smart Money Signals — THG

Based on 453 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added THG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
453 hedge funds hold THG right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+72 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 55% buying

236 buying192 selling
Last quarter: 236 funds bought or added vs 192 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+8 vs last Q)

new funds entering per quarter
Funds opening a new THG position: 72 → 48 → 64 → 72. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 19% medium ■ 19% new
282 out of 453 hedge funds have held THG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

63 → 72 → 48 → 64 → 72 new funds/Q
New funds entering each quarter: 72 → 48 → 64 → 72. A growing number of institutions are discovering THG each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 65% of holders stayed 2+ years

■ 65% veterans ■ 10% 1-2yr ■ 25% new
Of 457 current holders: 298 (65%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 54% AUM from top-100 funds

54% from top-100 AUM funds
41 of 453 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in THG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — THG

In 2025 Q4, 236 hedge funds were net buyers of THG (72 opened a new position, 164 added to an existing one), while 192 reduced or exited (152 trimmed, 40 sold completely) — a 55% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 54% of total institutional value in THG is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +32 funds (more new holders than closures). Total institutional holders: 453.

Hedge Fund Ownership: THG

How many hedge funds hold THG — quarterly history vs. share price
Quarterly hedge fund ownership of THG vs. share price

Market Analysis: THG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: THG

Financial Services Insurance - Property & Casualty

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

60 top-rated funds 0 high-conviction
Consensus
7.8
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: THG
2026 Q1 Stats Unlock in 7 days 457 + Investors

Track Smart Money conviction in THG. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 457 425 7.53%
13F Shares 31M 31M 0.97%
Total Value $5.43B $5.31B 2.24%
New Positions 72 64 +8
Increased Positions 169 164 +5
Closed Positions 40 42 -2
Reduced Positions 159 134 +25
Total Calls 2 3 -33.33%
Total Puts 2 2 -
PUT/CALL Ratio 1.0 0.67 Neutral

Statistics: THG

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

457 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in THG. Verified SEC 13F-HR filings.

Top 25 institutional holders of THG — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 DELPHI MANAGEMENT INC /MA/ 1.46% 7,020 $1K
2 Pullen Investment Management, LLC 1.27% 14,605 $2.5M
3 Leeward Investments, LLC - MA 0.79% 92,114 $16.0M
4 Hodges Capital Management Inc. 0.71% 49,188 $8.5M
5 Arbejdsmarkedets Tillaegspension 0.63% 147,109 $25.5M
6 CROBAN 0.58% 7,173 $1.2M
7 Bedminster, LLC 0.46% 2,865 $497K
8 MARKEL GROUP INC. 0.41% 281,000 $48.7M
9 A&I FINANCIAL SERVICES, LLC 0.35% 4,222 $732K
10 MARTINGALE ASSET MANAGEMENT L P 0.34% 78,618 $13.6M
11 HEARTLAND ADVISORS INC 0.33% 37,549 $6.5M
12 Hunter Perkins Capital Management, LLC 0.32% 7,983 $1K
13 iSAM Funds (UK) Ltd 0.30% 3,537 $613K
14 LECAP ASSET MANAGEMENT LTD 0.30% 4,571 $792K
15 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.29% 164,710 $28.6M
16 HENNESSY ADVISORS INC 0.27% 43,400 $7.5M
17 Precision Wealth Strategies, LLC 0.27% 4,711 $817K
18 LEUTHOLD GROUP, LLC 0.26% 14,316 $2.5M
19 BUCKHEAD CAPITAL MANAGEMENT LLC 0.23% 3,480 $603K
20 Uncommon Cents Investing LLC 0.21% 5,125 $888K
21 Boston Trust Walden Corp 0.20% 140,938 $24.4M
22 Goelzer Investment Management, Inc. 0.20% 23,282 $4.0M
23 Integrated Quantitative Investments LLC 0.19% 6,157 $1.1M
24 Dockside LLC 0.19% 4,372 $758K
25 TRILLIUM ASSET MANAGEMENT, LLC 0.18% 28,821 $5.5M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — HANOVER INS GROUP INC (THG)

What does the Smart Money Trend signal show for THG?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added THG than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for THG?

Slight buying edge — 55% buying: Last quarter: 236 funds bought or added vs 192 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for THG holders?

Elite ownership — 54% AUM from top-100 funds: 41 of 453 holders are among the 100 largest funds by AUM, controlling 54% of total institutional value in THG. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held THG?

62% of holders stayed for 2+ years: 282 out of 453 hedge funds have held THG for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.