Hantz Financial Services Inc. Trims Stock Position in The Travelers Companies, Inc. $TRV

Hantz Financial Services Inc. lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 8.6% during the 3rd quarter, Holdings Channel reports. The firm owned 30,969 shares of the insurance provider’s stock after selling 2,929 shares during the quarter. Hantz Financial Services Inc.’s holdings in Travelers Companies were worth $8,647,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Delos Wealth Advisors LLC purchased a new stake in Travelers Companies in the second quarter worth about $27,000. Barnes Dennig Private Wealth Management LLC grew its holdings in Travelers Companies by 134.1% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares in the last quarter. Quaker Wealth Management LLC increased its position in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares during the period. Finally, Clayton Financial Group LLC bought a new stake in shares of Travelers Companies in the 3rd quarter valued at about $28,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Mizuho dropped their price objective on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Argus raised Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Piper Sandler raised their price objective on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. lifted their target price on Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $303.00.

Travelers Companies Stock Up 2.3%

Travelers Companies stock opened at $294.95 on Thursday. The Travelers Companies, Inc. has a 1-year low of $230.43 and a 1-year high of $296.85. The business has a fifty day moving average price of $284.57 and a 200-day moving average price of $277.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.35. The stock has a market capitalization of $65.79 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 2.67 and a beta of 0.51.

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 company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted $9.15 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s payout ratio is presently 15.98%.

Travelers Companies announced that its Board of Directors has approved a stock repurchase plan on Wednesday, January 21st that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $279.77, for a total value of $4,675,516.24. Following the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total value of $2,637,911.60. Following the completion of the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. The trade was a 7.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 29,435 shares of company stock valued at $8,410,486 over the last ninety days. 1.46% of the stock is currently owned by insiders.

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.