HM Payson & Co. Sells 2,600 Shares of The Travelers Companies, Inc. $TRV

HM Payson & Co. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 17,813 shares of the insurance provider’s stock after selling 2,600 shares during the period. HM Payson & Co.’s holdings in Travelers Companies were worth $5,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at $723,339,000. State Street Corp boosted its stake in Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the period. AustralianSuper Pty Ltd grew its holdings in Travelers Companies by 102.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after buying an additional 458,746 shares in the last quarter. Amundi increased its position in shares of Travelers Companies by 36.6% during the first quarter. Amundi now owns 1,392,468 shares of the insurance provider’s stock valued at $406,155,000 after buying an additional 373,061 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of Travelers Companies during the third quarter valued at about $99,680,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,667 shares of company stock valued at $22,688,329 in the last three months. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Up 0.0%

TRV stock opened at $370.32 on Friday. The company’s 50 day moving average is $344.64 and its 200 day moving average is $314.87. The stock has a market cap of $77.24 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.51 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

Analyst Ratings Changes

Several equities analysts recently commented on TRV shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research report on Tuesday, May 26th. UBS Group upped their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group downgraded Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Profile

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.