Federated Hermes Inc. Sells 56,640 Shares of The Travelers Companies, Inc. $TRV

Federated Hermes Inc. cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 749,895 shares of the insurance provider’s stock after selling 56,640 shares during the quarter. Federated Hermes Inc. owned about 0.34% of Travelers Companies worth $209,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Associated Banc Corp boosted its holdings in Travelers Companies by 1.4% in the 2nd quarter. Associated Banc Corp now owns 2,734 shares of the insurance provider’s stock valued at $731,000 after purchasing an additional 39 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in shares of Travelers Companies by 1.0% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,093 shares of the insurance provider’s stock valued at $1,143,000 after buying an additional 40 shares during the period. Park Place Capital Corp grew its position in Travelers Companies by 33.1% during the second quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock worth $44,000 after buying an additional 41 shares in the last quarter. Nilsine Partners LLC increased its stake in Travelers Companies by 0.4% during the third quarter. Nilsine Partners LLC now owns 9,737 shares of the insurance provider’s stock valued at $2,719,000 after acquiring an additional 41 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in Travelers Companies by 0.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,109 shares of the insurance provider’s stock valued at $1,367,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2%

Shares of NYSE TRV opened at $281.23 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $230.43 and a 52-week high of $296.85. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.33. The business has a fifty day moving average of $285.02 and a two-hundred day moving average of $276.30. The stock has a market cap of $62.73 billion, a PE ratio of 10.22, a PEG ratio of 1.56 and a beta of 0.52.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, beating analysts’ consensus estimates of $8.34 by $2.79. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $9.15 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 15.98%.

Travelers Companies News Roundup

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Strong quarterly results, dividend and big buyback support valuation — TRV reported an upside EPS beat and revenue above expectations for the latest quarter, declared a $1.10 quarterly dividend, and the board authorized a $5.0 billion share buyback (about 8.3% of shares). Those actions improve capital return visibility and support the stock. MarketBeat TRV Coverage
• Positive Sentiment: Multiple analyst price-target increases — Several shops have lifted price targets recently (including a move to $320). Higher targets can help underpin upside expectations even where ratings vary. Price Target Raise to $320
• Positive Sentiment: Independent upgrade to “strong-buy” from Argus — Another analyst upgrade adds a buy-side voice supporting TRV shares. Argus Upgrade (via Zacks/TickerReport)
• Neutral Sentiment: Mixed analyst views remain — Citigroup raised its price target to $315 but retained a “sell” rating, and other firms show a range of ratings from strong-buy to hold. That mixed research flow keeps sentiment and trading direction uncertain. Benzinga Analyst Note
• Neutral Sentiment: Travel demand data are healthy but indirect for insurers — industry reports (Flywire on luxury travel spending and American Airlines’ record revenue) point to robust travel activity, which can raise premium opportunities for travel-related insurance lines but is a second-order effect for Travelers’ broad P&C business. Flywire Report American Airlines Revenue
• Negative Sentiment: Insider selling by an EVP — Jeffrey Klenk sold 16,712 shares (~$4.68M) and materially reduced his holding; while single insider sales can be benign, large reductions by senior executives often spur short-term selling and investor scrutiny. InsiderTrades: Form 4 / SEC Filing

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the transaction, the insider directly owned 255,086 shares of the company’s stock, valued at $73,337,225. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 8,920 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the sale, the executive vice president directly owned 117,596 shares in the company, valued at approximately $34,776,665.08. This represents a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 54,435 shares of company stock worth $15,366,736. 1.46% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Weiss Ratings cut Travelers Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday. Citigroup reissued a “neutral” rating on shares of Travelers Companies in a report on Tuesday. Mizuho dropped their price objective on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Evercore ISI lifted their target price on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. Finally, Argus raised shares of Travelers Companies to a “strong-buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $302.80.

Travelers Companies Company 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.