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

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

A number of other large investors also recently modified their holdings of the stock. Arbejdsmarkedets Tillaegspension purchased a new position in Travelers Companies during the 4th quarter worth $24,167,000. Rit Capital Partners PLC bought a new position in shares of Travelers Companies during the fourth quarter valued at about $39,450,000. UBS Group AG boosted its holdings in Travelers Companies by 5.3% during the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after purchasing an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Travelers Companies by 41.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock worth $19,149,000 after purchasing an additional 19,347 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in Travelers Companies in the 1st quarter worth about $576,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TRV shares. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a report on Monday, July 20th. Roth Capital increased their price target on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Truist Financial lifted their price target on Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Barclays boosted their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Up 0.0%

Travelers Companies stock opened at $370.32 on Friday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The firm has a 50 day moving average price of $344.64 and a 200-day moving average price of $314.87. The company has a market capitalization of $77.24 billion, a P/E ratio of 9.92, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted 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. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the previous year, the firm posted $6.51 EPS. Travelers Companies’s revenue was up .3% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given 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 dividend payout ratio is currently 13.39%.

Insider Activity at Travelers Companies

In related news, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction dated 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 completion of the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock worth $22,688,329 in the last three months. Corporate insiders own 1.39% of the company’s stock.

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.