Hennion & Walsh Asset Management Inc. Lowers Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Hennion & Walsh Asset Management Inc. lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 12,051 shares of the insurance provider's stock after selling 950 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Travelers Companies were worth $3,187,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Putney Financial Group LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies in the 4th quarter worth $26,000. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Travelers Companies during the fourth quarter worth about $33,000. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on TRV. Evercore ISI lifted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. UBS Group decreased their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Barclays decreased their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a report on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $271.11.

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $0.94 during trading on Thursday, reaching $270.92. The stock had a trading volume of 772,982 shares, compared to its average volume of 1,292,221. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83. The stock has a market cap of $61.38 billion, a PE ratio of 12.62, a PEG ratio of 4.65 and a beta of 0.53. The business has a fifty day moving average price of $262.24 and a 200-day moving average price of $253.98.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the previous year, the firm earned $4.69 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.62%. Travelers Companies's dividend payout ratio is 23.95%.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the transaction, the chief executive officer now owns 262,329 shares in the company, valued at approximately $71,820,433.62. This represents a 11.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 6,149 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.71, for a total value of $1,683,042.79. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock worth $44,868,201 over the last 90 days. 1.46% of the stock is 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.