Hantz Financial Services Inc. Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Hantz Financial Services Inc. lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,729 shares of the insurance provider’s stock after selling 1,547 shares during the quarter. Hantz Financial Services Inc.’s holdings in Travelers Companies were worth $8,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies during the first quarter valued at $35,000. Wolff Wiese Magana LLC boosted its position in shares of Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter worth about $50,000. Finally, Salomon & Ludwin LLC raised its position in Travelers Companies by 22.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. The trade was a 15.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $256.17, for a total transaction of $2,561,700.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $5,840,163.66. The trade was a 30.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.2 %

TRV stock opened at $266.04 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $177.61 and a 1-year high of $269.55. The business has a 50 day simple moving average of $249.31 and a two-hundred day simple moving average of $227.58. The company has a market capitalization of $60.40 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 18.83 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.58%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Bank of America lifted their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets upped their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $251.15.

Travelers Companies 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.