Federated Hermes Inc. Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Federated Hermes Inc. increased its position in The Travelers Companies, acquiring 26,201 shares and holding 743,090 shares valued at approximately $196.5 million.
• The Travelers Companies reported strong quarterly earnings of $6.51 EPS, exceeding analysts' expectations of $3.52 EPS, with revenue reaching $11.54 billion.
• The company declared a quarterly dividend of $1.10 per share, reflecting an annual yield of 1.73%, to be paid on September 30th.

Federated Hermes Inc. boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 743,090 shares of the insurance provider's stock after purchasing an additional 26,201 shares during the period. Federated Hermes Inc. owned about 0.33% of Travelers Companies worth $196,517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Bearing Point Capital LLC boosted its position in Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after acquiring an additional 38 shares during the last quarter. Forum Financial Management LP boosted its position in Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after acquiring an additional 39 shares during the last quarter. Smith Salley Wealth Management boosted its position in Travelers Companies by 0.6% during the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after acquiring an additional 44 shares during the last quarter. Northern Financial Advisors Inc boosted its position in Travelers Companies by 0.7% during the first quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock valued at $1,739,000 after acquiring an additional 45 shares during the last quarter. Finally, Windsor Capital Management LLC boosted its position in shares of Travelers Companies by 3.7% during the 1st quarter. Windsor Capital Management LLC now owns 1,351 shares of the insurance provider's stock worth $357,000 after purchasing an additional 48 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president directly owned 118,116 shares of the company's stock, valued at $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the transaction, the insider owned 255,086 shares in the company, valued at $70,021,107. The trade was a 0.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock valued at $47,929,912 over the last three months. 1.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. UBS Group upped their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $279.82.

Travelers Companies Price Performance

NYSE:TRV traded down $1.95 during trading hours on Friday, hitting $258.29. The stock had a trading volume of 663,122 shares, compared to its average volume of 1,346,887. The company has a 50 day simple moving average of $264.33 and a two-hundred day simple moving average of $257.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $206.43 and a one year high of $277.83. The firm has a market capitalization of $58.15 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 3.03 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the business earned $2.51 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies's payout ratio is currently 19.46%.

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.