Hantz Financial Services Inc. Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Hantz Financial Services Inc. decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,309 shares of the insurance provider’s stock after selling 1,420 shares during the period. Hantz Financial Services Inc.’s holdings in Travelers Companies were worth $8,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in TRV. Ledyard National Bank boosted its holdings in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after buying an additional 39 shares in the last quarter. Trueblood Wealth Management LLC lifted its position in Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. lifted its position in Travelers Companies by 2.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 42 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 44 shares in the last quarter. Finally, Willner & Heller LLC grew its holdings in shares of Travelers Companies by 4.1% during the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $249.85 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $247.48 and a 200-day moving average of $238.07. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The firm has a market cap of $56.72 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.01 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.68%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TRV. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research note on Monday. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $260.47.

Insiders Place Their Bets

In other news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.