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

Federated Hermes Inc. lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 869,511 shares of the insurance provider's stock after selling 4,947 shares during the period. Federated Hermes Inc. owned about 0.38% of Travelers Companies worth $165,633,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Travelers Companies by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider's stock worth $18,217,000 after buying an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider's stock worth $2,660,000 after buying an additional 7,649 shares during the period. Worth Asset Management LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth about $2,201,000. Nordea Investment Management AB increased its holdings in shares of Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider's stock worth $46,919,000 after buying an additional 16,580 shares during the period. Finally, DNB Asset Management AS increased its holdings in shares of Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider's stock worth $13,240,000 after buying an additional 24,230 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRV. The Goldman Sachs Group boosted their price target on Travelers Companies from $186.00 to $212.00 and gave the company a "sell" rating in a report on Friday, April 12th. Raymond James boosted their price target on Travelers Companies from $220.00 to $245.00 and gave the company a "strong-buy" rating in a report on Monday, January 22nd. Citigroup boosted their price target on Travelers Companies from $215.00 to $226.00 and gave the company a "neutral" rating in a report on Tuesday. Royal Bank of Canada reduced their price target on Travelers Companies from $230.00 to $225.00 and set a "sector perform" rating on the stock in a report on Thursday. Finally, TD Cowen began coverage on Travelers Companies in a report on Wednesday, January 10th. They set an "outperform" rating and a $247.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $218.39.

Travelers Companies Stock Up 1.9 %

Shares of TRV traded up $3.88 during mid-day trading on Thursday, reaching $210.46. The company had a trading volume of 2,048,292 shares, compared to its average volume of 1,500,989. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50-day moving average price of $221.80 and a 200 day moving average price of $196.27. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a market capitalization of $48.22 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.58.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the firm earned $4.11 earnings per share. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.64 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $1.05 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies's payout ratio is currently 31.27%.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company's stock, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman William H. Heyman sold 4,500 shares of the company's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares of the company's stock, valued at approximately $54,878,580.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 in the last ninety days. 1.33% of the stock is currently owned by corporate 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.