Hantz Financial Services Inc. Has $7.51 Million Stock Position in The Travelers Companies, Inc. $TRV

Hantz Financial Services Inc. lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.4% in the fourth quarter, HoldingsChannel reports. The firm owned 25,884 shares of the insurance provider’s stock after selling 5,085 shares during the period. Hantz Financial Services Inc.’s holdings in Travelers Companies were worth $7,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC increased its position in shares of Travelers Companies by 1.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 36 shares in the last quarter. Greenleaf Trust increased its position in shares of Travelers Companies by 0.4% during the 4th quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock worth $2,911,000 after purchasing an additional 37 shares in the last quarter. Allegiance Financial Group Advisory Services LLC increased its position in shares of Travelers Companies by 3.4% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 1,130 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 37 shares in the last quarter. Ibex Wealth Advisors increased its position in shares of Travelers Companies by 1.4% during the 3rd quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock worth $807,000 after purchasing an additional 40 shares in the last quarter. Finally, JSF Financial LLC increased its position in shares of Travelers Companies by 1.0% during the 4th quarter. JSF Financial LLC now owns 3,944 shares of the insurance provider’s stock worth $1,144,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. Barclays increased their target price on shares of Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Cantor Fitzgerald increased their target price on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $309.13.

Travelers Companies Stock Up 0.1%

Shares of NYSE:TRV opened at $306.67 on Tuesday. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The company’s 50-day moving average price is $299.54 and its two-hundred day moving average price is $293.26. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market cap of $65.21 billion, a P/E ratio of 9.12, a P/E/G ratio of 2.76 and a beta of 0.50.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company’s revenue was down 1.7% on a year-over-year basis. As a group, research analysts forecast that The Travelers Companies, Inc. will post 28.03 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is currently 13.09%.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.77, for a total transaction of $3,037,700.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $13,707,621.25. This trade represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,573 shares of company stock worth $8,427,646. 1.39% of the stock is currently owned by insiders.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.