Federated Hermes Inc. Sells 4,947 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Federated Hermes Inc. lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 869,511 shares of the insurance provider’s stock after selling 4,947 shares during the period. Federated Hermes Inc.’s holdings in Travelers Companies were worth $165,633,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Travelers Companies by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after purchasing an additional 1,600 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after purchasing an additional 7,649 shares in the last quarter. Worth Asset Management LLC bought a new stake in Travelers Companies in the 4th quarter valued at approximately $2,201,000. Nordea Investment Management AB lifted its stake in Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after acquiring an additional 16,580 shares in the last quarter. Finally, DNB Asset Management AS lifted its stake in Travelers Companies by 53.5% in the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after acquiring an additional 24,230 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TD Cowen assumed coverage on Travelers Companies in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 target price on the stock. HSBC boosted their target price on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. The Goldman Sachs Group boosted their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Finally, Citigroup upped their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $217.56.

Travelers Companies Price Performance

Shares of TRV stock traded up $3.18 on Thursday, hitting $209.76. 716,810 shares of the company’s stock were exchanged, compared to its average volume of 1,482,515. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. 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 $48.06 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.17 and a beta of 0.58. The company has a 50 day moving average of $221.87 and a 200 day moving average of $196.17.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the prior year, the company earned $4.11 earnings per share. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.64 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. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.00%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.27%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at $2,966,374.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,775 shares of company stock worth $23,343,903. 1.33% of the stock is currently owned by insiders.

Travelers Companies 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.