Federated Hermes Inc. Decreases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Federated Hermes Inc. reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 869,511 shares of the insurance provider’s stock after selling 4,947 shares during the quarter. Federated Hermes Inc. owned approximately 0.38% of Travelers Companies worth $165,633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in TRV. Clearbridge Investments LLC grew its position in Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the period. Northern Trust Corp grew its position in Travelers Companies by 0.9% during the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after acquiring an additional 29,989 shares during the period. Morgan Stanley grew its position in Travelers Companies by 19.6% during the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after acquiring an additional 539,294 shares during the period. Bank of New York Mellon Corp grew its position in Travelers Companies by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after acquiring an additional 95,153 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Travelers Companies by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock valued at $257,853,000 after acquiring an additional 31,165 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Janney Montgomery Scott started coverage on Travelers Companies in a research report on Wednesday, December 20th. They set a “buy” rating and a $215.00 price target for the company. TD Cowen started coverage on Travelers Companies in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $247.00 target price for the company. Royal Bank of Canada upped their target price on Travelers Companies from $185.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Monday, January 22nd. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Finally, Morgan Stanley upped their target price on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued 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 $217.56.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares in the company, valued at $2,966,374.40. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 over the last three months. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV traded up $3.18 during midday trading on Thursday, reaching $209.76. The stock had a trading volume of 716,810 shares, compared to its average volume of 1,482,515. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s 50 day moving average price is $221.87 and its 200-day moving average price is $196.17. The company has a market capitalization of $48.06 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.17 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.11 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 17.64 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.00%. Travelers Companies’s payout ratio is 31.27%.

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.