Hyman Charles D Has $5.16 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Hyman Charles D decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,106 shares of the insurance provider’s stock after selling 975 shares during the period. Hyman Charles D’s holdings in Travelers Companies were worth $5,163,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Grimes & Company Inc. raised its holdings in Travelers Companies by 2.2% during the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after purchasing an additional 53 shares during the last quarter. Slow Capital Inc. boosted its stake in Travelers Companies by 0.3% during the 4th quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock worth $3,451,000 after acquiring an additional 53 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Travelers Companies by 25.5% during the 4th quarter. Hexagon Capital Partners LLC now owns 295 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 60 shares during the last quarter. Schmidt P J Investment Management Inc. grew 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 valued at $339,000 after purchasing an additional 61 shares during the period. Finally, Farmers Trust Co. increased its stake in Travelers Companies by 4.5% in the fourth quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock valued at $290,000 after purchasing an additional 66 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TRV shares. HSBC upped their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. Jefferies Financial Group decreased their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, April 19th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Royal Bank of Canada lowered their price objective on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $223.47.

Travelers Companies Stock Up 0.5 %

TRV stock traded up $1.06 during mid-day trading on Tuesday, reaching $216.97. The company had a trading volume of 576,136 shares, compared to its average volume of 1,462,497. The company has a market capitalization of $49.68 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.11 and a beta of 0.60. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The stock has a 50 day simple moving average of $220.64 and a two-hundred day simple moving average of $201.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results 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 net margin of 7.32% and a return on equity of 13.94%. The firm 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 business posted $4.11 earnings per share. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 1.94%. Travelers Companies’s payout ratio is currently 29.72%.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by company insiders.

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.