Hanson & Doremus Investment Management Purchases 580 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Hanson & Doremus Investment Management increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,985 shares of the insurance provider’s stock after acquiring an additional 580 shares during the period. Hanson & Doremus Investment Management’s holdings in Travelers Companies were worth $1,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRV. Wolff Wiese Magana LLC raised its stake in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC bought a new stake in Travelers Companies in the 3rd quarter worth about $41,000. Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the 3rd quarter worth about $50,000. Versant Capital Management Inc lifted its stake in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares during the period. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 50 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.6 %

Shares of Travelers Companies stock opened at $249.85 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The company has a fifty day moving average of $247.48 and a 200 day moving average of $238.07. The company has a market capitalization of $56.72 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the business posted $7.01 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRV. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Bank of America upped their price objective on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $260.47.

Travelers Companies Company 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.