Hyman Charles D Reduces Stake in The Travelers Companies, Inc. (NYSE:TRV)

Hyman Charles D lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 27,106 shares of the insurance provider’s stock after selling 975 shares during the quarter. Hyman Charles D’s holdings in Travelers Companies were worth $5,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TRV. Raymond James Financial Services Advisors Inc. boosted its position in Travelers Companies by 11.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 73,560 shares of the insurance provider’s stock worth $12,013,000 after purchasing an additional 7,811 shares during the period. Brown Advisory Inc. boosted its holdings in Travelers Companies by 0.7% in the 3rd quarter. Brown Advisory Inc. now owns 35,410 shares of the insurance provider’s stock worth $5,783,000 after buying an additional 232 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Travelers Companies by 4.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,263 shares of the insurance provider’s stock valued at $16,374,000 after buying an additional 3,994 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Travelers Companies by 2.9% during the 3rd quarter. Mackenzie Financial Corp now owns 218,737 shares of the insurance provider’s stock valued at $35,199,000 after acquiring an additional 6,128 shares during the period. Finally, IFM Investors Pty Ltd lifted its position in shares of Travelers Companies by 4.4% during the third quarter. IFM Investors Pty Ltd now owns 48,166 shares of the insurance provider’s stock worth $7,866,000 after acquiring an additional 2,052 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TRV shares. Citigroup lifted their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. UBS Group decreased their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada cut their price objective on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. The Goldman Sachs Group upped their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Finally, Roth Mkm reiterated a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $223.47.

Travelers Companies Trading Up 0.5 %

Travelers Companies stock traded up $1.06 during mid-day trading on Tuesday, hitting $216.97. The company’s stock had a trading volume of 576,136 shares, compared to its average volume of 1,462,497. The business has a 50 day moving average price of $220.64 and a 200-day moving average price of $201.34. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The stock has a market cap of $49.68 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period last year, the firm posted $4.11 EPS. The company’s revenue was up 15.7% on a year-over-year basis. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.94%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. Travelers Companies’s payout ratio is presently 29.72%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 in the last three months. 1.33% of the stock is owned by insiders.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.