HM Payson & Co. Sells 215 Shares of The Travelers Companies, Inc. (NYSE:TRV)

HM Payson & Co. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,792 shares of the insurance provider’s stock after selling 215 shares during the quarter. HM Payson & Co.’s holdings in Travelers Companies were worth $5,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new stake in Travelers Companies in the first quarter worth $35,000. Beacon Capital Management LLC lifted its position in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC lifted its position in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its position in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.4 %

TRV stock traded down $1.02 during trading on Thursday, reaching $249.07. 24,094 shares of the stock were exchanged, compared to its average volume of 1,304,212. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $238.15 and a 200-day moving average price of $221.16. The Travelers Companies, Inc. has a 1 year low of $165.84 and a 1 year high of $269.55. The firm has a market capitalization of $57.04 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 1.21 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.95 EPS. On average, research analysts predict that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.69%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is currently 31.20%.

Insider Buying and Selling

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at $5,840,163.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,999 shares of company stock valued at $16,580,166 in the last ninety days. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TRV. JPMorgan Chase & Co. increased their target price on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Bank of America raised their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $247.90.

Travelers Companies Company Profile

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.