Hemington Wealth Management Acquires 60 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Hemington Wealth Management lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 414 shares of the insurance provider’s stock after acquiring an additional 60 shares during the quarter. Hemington Wealth Management’s holdings in Travelers Companies were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. YANKCOM Partnership bought a new position in Travelers Companies in the fourth quarter worth about $27,000. Wolff Wiese Magana LLC lifted its position in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC bought a new position in shares of Travelers Companies during the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies during the third quarter valued at approximately $50,000. Finally, Versant Capital Management Inc boosted its position in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. UBS Group upped their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a report on Monday, January 27th. Finally, HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Stock Down 0.7 %

Travelers Companies stock opened at $240.69 on Thursday. The stock has a market capitalization of $54.64 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The business has a 50 day simple moving average of $244.04 and a 200-day simple moving average of $240.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company earned $7.01 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post 20.57 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.74%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

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.