Herold Advisors Inc. Buys Shares of 1,200 The Travelers Companies, Inc. (NYSE:TRV)

Herold Advisors Inc. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,200 shares of the insurance provider’s stock, valued at approximately $229,000.

Several other hedge funds also recently made changes to their positions in TRV. Grimes & Company Inc. raised its holdings in Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after acquiring an additional 53 shares in the last quarter. Slow Capital Inc. grew its stake in shares of Travelers Companies by 0.3% in the fourth quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock valued at $3,451,000 after buying an additional 53 shares in the last quarter. Schmidt P J Investment Management Inc. increased its holdings in Travelers Companies by 4.0% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock worth $339,000 after buying an additional 61 shares during the last quarter. Farmers Trust Co. raised its position in Travelers Companies by 4.5% during the fourth quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock worth $290,000 after acquiring an additional 66 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in Travelers Companies by 2.3% in the fourth quarter. Meeder Advisory Services Inc. now owns 2,957 shares of the insurance provider’s stock valued at $563,000 after acquiring an additional 67 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TRV shares. Evercore ISI lowered their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. UBS Group cut their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $223.47.

Travelers Companies Price Performance

TRV stock traded down $0.54 during mid-day trading on Friday, hitting $213.45. The stock had a trading volume of 1,612,018 shares, compared to its average volume of 1,495,871. The firm has a fifty day simple moving average of $221.50 and a 200 day simple moving average of $198.41. The firm has a market capitalization of $48.88 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.11 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.78 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. Shareholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.97%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at approximately $54,490,710.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction 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 sale, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,734 shares of company stock valued at $17,208,404. Corporate insiders own 1.33% of the company’s stock.

About Travelers Companies

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.