Insider Buying Signals Confidence in Hanover’s Growth Trajectory Jeffrey Farber’s latest purchase of 5,043 shares on February 24, 2026, adds to a series of buying moves that began in September 2025 and have continued through the year. The transaction was executed at the market price of $173.56, coinciding with the company’s announcement of a $0.95 quarterly dividend and a steady earnings outlook. For investors, Farber’s activity signals that the executive believes the stock is undervalued relative to its intrinsic risk‑adjusted return and that the firm’s capital structure remains solid enough to support future dividend payments.

What the Pattern Tells Investors Farber’s recent trades—three buys of restricted stock units that will vest in 2026—are part of a larger pattern of modest, regular purchases. In December 2025, he added 49.71 shares and in September 2025 added 48.82 shares, each time at zero cost because the shares were awarded through the long‑term incentive plan. These award vesting dates align with the company’s 2022 LTIP, suggesting that Farber’s compensation is tightly linked to performance metrics that include return on equity and total shareholder return. The fact that he is now buying outright shares, rather than exercising RSUs, indicates a belief that the current share price reflects a discount to the target value set in the 2022 plan.

From a risk perspective, the cumulative holdings after the latest trade sit at roughly 57,223 shares, or about 0.93 % of the outstanding shares. While this is a small position, the consistent buying cadence can be interpreted by the market as a positive signal—executives are betting on the company’s ability to generate steady cash flow and maintain dividend stability.

Implications for Hanover’s Future The insider buying, coupled with the company’s announcement of a dividend and a 52‑week high of $188.18, paints a picture of a firm that is both profitable and committed to returning value to shareholders. Hanover’s P/E ratio of 9.47 suggests that the market views the stock as reasonably priced for a defensive, dividend‑paying insurer. The recent surge in social media buzz (241 % intensity) and positive sentiment (+71) further amplify the narrative that investors are paying close attention to the company’s earnings guidance and dividend policy.

If Hanover continues to meet or exceed the performance metrics tied to the 2022 LTIP, it could unlock additional RSUs for Farber and his peers, potentially increasing insider holdings over the next two to three years. Such a scenario would likely support the share price and reinforce the company’s dividend sustainability.

Jeffrey Farber: A Profile of Steady Commitment Farber, the Executive Vice President, has a history of buying rather than selling. In December 2025, he sold 136 shares at $185.91 but then quickly rebought in the same month. His net exposure has steadily increased from 45,905 shares in December 2025 to 57,223 after the latest purchase. This pattern of disciplined buying—often aligned with performance‑based award vesting—suggests that Farber’s incentives are tightly coupled with shareholder value. His cumulative ownership, while modest, reflects a long‑term commitment to the company’s success and a willingness to share in upside through equity awards and direct purchases.

Takeaway for Investors For portfolio managers and individual investors, Farber’s recent buy adds weight to the narrative that Hanover Insurance Group is a solid, dividend‑paying investment with a management team that believes in the stock’s value. The combination of insider buying, a healthy P/E, and a stable dividend policy creates a compelling case for holding or adding shares, especially for those seeking income and defensive exposure in the financial sector.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-02-24FARBER JEFFREY M (Executive Vice President)Buy5,043.00N/ACommon Stock
2026-02-24FARBER JEFFREY M (Executive Vice President)Buy3,250.00N/ACommon Stock
2026-02-24FARBER JEFFREY M (Executive Vice President)Buy3,025.00N/ACommon Stock
2026-02-24FARBER JEFFREY M (Executive Vice President)Buy14,436.00N/ACommon Stock Option (right to buy)
2026-02-24Kerrigan Dennis Francis (Executive Vice President)Buy1,730.00N/ACommon Stock
2026-02-24Kerrigan Dennis Francis (Executive Vice President)Buy1,115.00N/ACommon Stock
2026-02-24Kerrigan Dennis Francis (Executive Vice President)Buy1,117.00N/ACommon Stock
2026-02-24Kerrigan Dennis Francis (Executive Vice President)Buy5,328.00N/ACommon Stock Option (right to buy)
2026-02-24LAVEY RICHARD W (Executive Vice President)Buy2,882.00N/ACommon Stock
2026-02-24LAVEY RICHARD W (Executive Vice President)Buy1,857.00N/ACommon Stock
2026-02-24LAVEY RICHARD W (Executive Vice President)Buy2,089.00N/ACommon Stock
2026-02-24LAVEY RICHARD W (Executive Vice President)Buy9,968.00N/ACommon Stock Option (right to buy)
2026-02-24LOVELY DAVID JOHN (Executive Vice President)Buy1,082.00N/ACommon Stock
2026-02-24LOVELY DAVID JOHN (Executive Vice President)Buy698.00N/ACommon Stock
2026-02-24LOVELY DAVID JOHN (Executive Vice President)Buy793.00N/ACommon Stock
2026-02-24LOVELY DAVID JOHN (Executive Vice President)Buy3,781.00N/ACommon Stock Option (right to buy)
2026-02-24Lowsley Denise (Executive Vice President)Buy1,154.00N/ACommon Stock
2026-02-24Lowsley Denise (Executive Vice President)Buy744.00N/ACommon Stock
2026-02-24Lowsley Denise (Executive Vice President)Buy649.00N/ACommon Stock
2026-02-24Lowsley Denise (Executive Vice President)Buy3,094.00N/ACommon Stock Option (right to buy)
2026-02-24Roche John C (President and CEO)Buy13,254.00N/ACommon Stock
2026-02-24Roche John C (President and CEO)Buy8,540.00N/ACommon Stock
2026-02-24Roche John C (President and CEO)Buy9,435.00N/ACommon Stock
2026-02-24Roche John C (President and CEO)Buy45,025.00N/ACommon Stock Option (right to buy)
2026-02-24Salvatore Bryan J (Executive Vice President)Buy2,595.00N/ACommon Stock
2026-02-24Salvatore Bryan J (Executive Vice President)Buy1,672.00N/ACommon Stock
2026-02-24Salvatore Bryan J (Executive Vice President)Buy1,873.00N/ACommon Stock
2026-02-24Salvatore Bryan J (Executive Vice President)Buy8,937.00N/ACommon Stock Option (right to buy)
2026-02-24Lee Willard T (Executive Vice President)Buy1,154.00N/ACommon Stock
2026-02-24Lee Willard T (Executive Vice President)Buy744.00N/ACommon Stock
2026-02-24Lee Willard T (Executive Vice President)Buy793.00N/ACommon Stock
2026-02-24Lee Willard T (Executive Vice President)Buy3,781.00N/ACommon Stock Option (right to buy)