Hanson & Doremus Investment Management Decreases Stock Holdings in The Travelers Companies, Inc. $TRV

Hanson & Doremus Investment Management reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,803 shares of the insurance provider’s stock after selling 355 shares during the period. Hanson & Doremus Investment Management’s holdings in Travelers Companies were worth $1,285,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRV. Brighton Jones LLC lifted its position in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies during the 4th quarter worth $276,000. Wellington Management Group LLP raised its stake in Travelers Companies by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 17,929 shares of the insurance provider’s stock worth $4,319,000 after acquiring an additional 2,456 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Travelers Companies by 8.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the insurance provider’s stock worth $334,000 after acquiring an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Travelers Companies by 69.4% during the 1st quarter. Versant Capital Management Inc now owns 427 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 175 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRV. Barclays lowered shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Wolfe Research began coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating on the stock. UBS Group lifted their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company lifted their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $284.56.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 1.3%

NYSE TRV opened at $277.73 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $62.53 billion, a PE ratio of 12.28, a P/E/G ratio of 3.19 and a beta of 0.53. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $280.70. The firm’s fifty day moving average is $270.00 and its two-hundred day moving average is $264.89.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the business posted $2.51 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s payout ratio is 19.46%.

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.