Morgan Stanley Maintains Equal-Weight on The Hanover Insurance Gr, Lowers Price Target to $230
Morgan Stanley analyst Bob Huang maintains The Hanover Insurance Gr (NYSE:THG) with a Equal-Weight and lowers the price target from $240 to $230.
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Keefe, Bruyette & Woods analyst Meyer Shields maintains The Hanover Insurance Gr (NYSE:THG) with a Market Perform and raises the price target from $220 to $222.
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Morgan Stanley analyst Bob Huang maintains The Hanover Insurance Gr (NYSE:THG) with a Equal-Weight and lowers the price target from $240 to $230.
Keefe, Bruyette & Woods analyst Meyer Shields maintains The Hanover Insurance Gr (NYSE:THG) with a Market Perform and raises the price target from $222 to $232.
Aon is acquiring USI Insurance Services from KKR for $17 billion to expand its U.S. middle-market insurance brokerage footprint. The deal, expected to close in Q4 2026, will add specialty insurance access and analytics capabilities while generating approximately $395 million in annual EBITDA synergies. EPS accretion is projected for 2028, though the transaction requires significant debt financing and suspension of share repurchases in the near term.
The Hartford Insurance Group (HIG) reported solid Q2 2026 results with 5% premium growth in Business Insurance, an 89.3% combined ratio, and 22% jump in net investment income to $800 million. The company approved a new $4.2 billion share-repurchase authorization and plans $475 million in quarterly buybacks through 2026. Despite attractive valuation at a forward P/E of 10.28, HIG faces elevated catastrophe risk and high leverage with a debt-to-equity ratio of 22.7%.