Hennion & Walsh Asset Management Inc. Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Hennion & Walsh Asset Management Inc. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,660 shares of the insurance provider’s stock after purchasing an additional 331 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Travelers Companies were worth $3,201,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in Travelers Companies by 38.7% in the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock worth $78,689,000 after acquiring an additional 95,451 shares during the period. Cetera Investment Advisers lifted its stake in Travelers Companies by 356.3% in the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after purchasing an additional 35,560 shares during the last quarter. Wellington Management Group LLP grew its holdings in Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after purchasing an additional 25,575 shares during the period. GAMMA Investing LLC increased its position in Travelers Companies by 162.6% in the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after buying an additional 3,050 shares during the last quarter. Finally, Diversified Trust Co lifted its position in shares of Travelers Companies by 145.5% during the 1st quarter. Diversified Trust Co now owns 16,013 shares of the insurance provider’s stock valued at $3,685,000 after buying an additional 9,491 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $5,840,163.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,465 shares of company stock worth $14,910,886 over the last quarter. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

NYSE:TRV opened at $256.38 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $158.22 and a fifty-two week high of $269.55. The firm has a market cap of $58.71 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62. The business has a 50 day moving average price of $234.71 and a 200-day moving average price of $220.20.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the business posted $1.95 earnings per share. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 18.24 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRV. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a report on Tuesday. The Goldman Sachs Group lifted their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research note on Tuesday. UBS Group upped their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays lifted their price objective on shares of Travelers Companies from $286.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Jefferies Financial Group increased their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $247.90.

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.