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The Hartford Names Prateek Chhabra Chief Risk Officer
The Hartford Names Prateek Chhabra Chief Risk Officer

Business Wire

time16-07-2025

  • Business
  • Business Wire

The Hartford Names Prateek Chhabra Chief Risk Officer

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford is promoting Prateek Chhabra to chief risk officer, succeeding Robert Paiano who will retire from the company at the end of the year following 29 years of service. Chhabra will report directly to The Hartford's Chairman and CEO Christopher Swift. The move is effective Sept. 1, 2025. 'Prateek is an accomplished risk manager with deep knowledge of the insurance industry and known for his ability to turn complex challenges into actionable insights,' said Swift. 'He has advanced our risk management capabilities, driven innovation and implemented strategic improvements across our enterprise making him ideally suited for the role of chief risk officer.' Since 2018, Chhabra has served as senior vice president and chief insurance risk officer for The Hartford. Prior to joining the company, he was chief risk officer for domestic businesses at The Hanover Insurance Group. Earlier in his career, he held multiple risk and strategy consulting roles focusing on the financial-services sector with market leaders, including McKinsey and Company, Aon and Verisk (AIR Worldwide at the time). Paiano has had an accomplished 40-year career in the financial-services industry, culminating with his role as chief risk officer for The Hartford since 2017. Prior to that he served as the company's treasurer. Effective Sept. 1, he will assume an advisory role to ensure a seamless transition. Swift added, 'I commend and honor Robert and the enduring impact of his leadership at The Hartford. He has been a trusted advisor and an exceptional developer of talent. His legacy is defined by a data-driven and thoughtful approach to managing risk, capital and liquidity – hallmarks of our culture. This change reflects the strength of our succession planning and the depth of leadership across the organization.' About The Hartford The Hartford is a leader in property and casualty insurance, employee benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford's legal notice. HIG-C Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2024 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued. From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the 'Email Alerts' section at

Investors in Hanover Insurance Group (NYSE:THG) have seen impressive returns of 108% over the past five years
Investors in Hanover Insurance Group (NYSE:THG) have seen impressive returns of 108% over the past five years

Yahoo

time13-05-2025

  • Business
  • Yahoo

Investors in Hanover Insurance Group (NYSE:THG) have seen impressive returns of 108% over the past five years

When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the The Hanover Insurance Group, Inc. (NYSE:THG) share price is up 84% in the last five years, that's less than the market return. But if you include dividends then the return is market-beating. However, more recent buyers should be happy with the increase of 24% over the last year. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Over half a decade, Hanover Insurance Group managed to grow its earnings per share at 12% a year. This EPS growth is remarkably close to the 13% average annual increase in the share price. That suggests that the market sentiment around the company hasn't changed much over that time. Rather, the share price has approximately tracked EPS growth. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). We know that Hanover Insurance Group has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Hanover Insurance Group's TSR for the last 5 years was 108%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. It's good to see that Hanover Insurance Group has rewarded shareholders with a total shareholder return of 27% in the last twelve months. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 16% per year), it would seem that the stock's performance has improved in recent times. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. If you would like to research Hanover Insurance Group in more detail then you might want to take a look at whether insiders have been buying or selling shares in the company. Of course Hanover Insurance Group may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Strong Quarterly Results and Outlook Lifted The Hanover Insurance Group (THG) in Q1
Strong Quarterly Results and Outlook Lifted The Hanover Insurance Group (THG) in Q1

Yahoo

time13-05-2025

  • Business
  • Yahoo

Strong Quarterly Results and Outlook Lifted The Hanover Insurance Group (THG) in Q1

The London Company, an investment management company, released 'The London Company Small Cap Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a correction in 1Q25 due to macro risks, weak economic growth, and inflation. The fund declined 6.9% (-7.1%, net) compared to a 9.5% decrease in the Russell 2000 Index. The positive impact of stock selection contributed to the strategy's relative performance in the quarter, partially offset by sector exposure. For more information on the fund's top picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, The London Company Small Cap Strategy highlighted stocks such as The Hanover Insurance Group, Inc. (NYSE:THG). The Hanover Insurance Group, Inc. (NYSE:THG) is a US-based insurance company that offers various property and casualty insurance products and services. The one-month return of The Hanover Insurance Group, Inc. (NYSE:THG) was 4.86%, and its shares gained 24.02% of their value over the last 52 weeks. On May 12, 2025, The Hanover Insurance Group, Inc. (NYSE:THG) stock closed at $167.57 per share with a market capitalization of $6.02 billion. The London Company Small Cap Strategy stated the following regarding The Hanover Insurance Group, Inc. (NYSE:THG) in its Q1 2025 investor letter: "The Hanover Insurance Group, Inc. (NYSE:THG): THG outperformed in the quarter due to strong 4Q24 earnings and 2025 outlook. The thesis is playing out as the company is trending towards high-teens ROE as margins normalize following a flurry of underwriting actions. We like the underwriting-focused culture, niche competitive positioning, and astute management team." A woman in her car checking her insurance documents with a satisfied smile. The Hanover Insurance Group, Inc. (NYSE:THG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held The Hanover Insurance Group, Inc. (NYSE:THG) at the end of the fourth quarter which was 24 in the previous quarter. While we acknowledge the potential of The Hanover Insurance Group, Inc. (NYSE:THG) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered The Hanover Insurance Group, Inc. (NYSE:THG) and shared Heartland Value Plus Fund's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

Will The Hanover Insurance Group's (THG) Positive Initiatives Drive Success?
Will The Hanover Insurance Group's (THG) Positive Initiatives Drive Success?

Yahoo

time21-04-2025

  • Business
  • Yahoo

Will The Hanover Insurance Group's (THG) Positive Initiatives Drive Success?

Heartland Advisors, an investment management company, released its 'Heartland Value Plus Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund declined 8.23% in the quarter, compared to a 7.7% loss for the Russell 2000 Value Index. The firm believes, this is a patient market, as expectations of better demand dynamics were put on hold during the quarter due to slowdown fears. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Heartland Value Plus Fund highlighted stocks such as The Hanover Insurance Group, Inc. (NYSE:THG). The Hanover Insurance Group, Inc. (NYSE:THG) is a US-based insurance company that offers various property and casualty insurance products and services. The one-month return of The Hanover Insurance Group, Inc. (NYSE:THG) was -5.48%, and its shares gained 27.09% of their value over the last 52 weeks. On April 17, 2025, The Hanover Insurance Group, Inc. (NYSE:THG) stock closed at $161.67 per share with a market capitalization of $5.826 billion. Heartland Value Plus Fund stated the following regarding The Hanover Insurance Group, Inc. (NYSE:THG) in its Q1 2025 investor letter: "A key focus of our selectivity has been driven by self-help. An example is The Hanover Insurance Group, Inc. (NYSE:THG), a property and casualty insurer. The company stumbled in recent years, thanks to heavy exposure to the upper Midwest, which has been hit with severe weather including deadly hailstorms. After falling short of earnings estimates recently due to the cost of damaging storms, the company has been taking steps to reduce its exposure to catastrophic events — for instance by writing less insurance in at-risk geographies and raising deductibles. THG has also made other money-saving moves, such as requiring customers to use sensors for early detection of water leaks in their homes. Those efforts led to strong fourth quarter results. In Q4, catastrophic losses contributed just 2.1% of Hanover's combined ratio, a key measure of profitability. That was substantially less than it has been in recent years. A woman in her car checking her insurance documents with a satisfied smile. The Hanover Insurance Group, Inc. (NYSE:THG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held The Hanover Insurance Group, Inc. (NYSE:THG) at the end of the fourth quarter which was 24 in the previous quarter. While we acknowledge the potential of The Hanover Insurance Group, Inc. (NYSE:THG) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered The Hanover Insurance Group, Inc. (NYSE:THG) and shared the list of safest dividend stocks you might be interested in adding to your portfolio. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio

Should You Buy The Hanover Insurance Group, Inc. (NYSE:THG) For Its Upcoming Dividend?
Should You Buy The Hanover Insurance Group, Inc. (NYSE:THG) For Its Upcoming Dividend?

Yahoo

time09-03-2025

  • Business
  • Yahoo

Should You Buy The Hanover Insurance Group, Inc. (NYSE:THG) For Its Upcoming Dividend?

It looks like The Hanover Insurance Group, Inc. (NYSE:THG) is about to go ex-dividend in the next 4 days. The ex-dividend date occurs one day before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. This means that investors who purchase Hanover Insurance Group's shares on or after the 14th of March will not receive the dividend, which will be paid on the 28th of March. The company's next dividend payment will be US$0.90 per share, on the back of last year when the company paid a total of US$3.60 to shareholders. Looking at the last 12 months of distributions, Hanover Insurance Group has a trailing yield of approximately 2.2% on its current stock price of US$166.38. If you buy this business for its dividend, you should have an idea of whether Hanover Insurance Group's dividend is reliable and sustainable. As a result, readers should always check whether Hanover Insurance Group has been able to grow its dividends, or if the dividend might be cut. Check out our latest analysis for Hanover Insurance Group Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Hanover Insurance Group paid out a comfortable 29% of its profit last year. Generally speaking, the lower a company's payout ratios, the more resilient its dividend usually is. Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Stocks with flat earnings can still be attractive dividend payers, but it is important to be more conservative with your approach and demand a greater margin for safety when it comes to dividend sustainability. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're not enthused to see that Hanover Insurance Group's earnings per share have remained effectively flat over the past five years. It's better than seeing them drop, certainly, but over the long term, all of the best dividend stocks are able to meaningfully grow their earnings per share. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Hanover Insurance Group has delivered an average of 9.3% per year annual increase in its dividend, based on the past 10 years of dividend payments. Should investors buy Hanover Insurance Group for the upcoming dividend? Earnings per share have been flat in recent years, although Hanover Insurance Group reinvests more than half its earnings in the business, which could suggest there are some growth projects that have not yet reached fruition. We think this is a pretty attractive combination, and would be interested in investigating Hanover Insurance Group more closely. Wondering what the future holds for Hanover Insurance Group? See what the six analysts we track are forecasting, with this visualisation of its historical and future estimated earnings and cash flow A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio

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