HM Payson & Co. Has $5.20 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

HM Payson & Co. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,570 shares of the insurance provider’s stock after selling 222 shares during the quarter. HM Payson & Co.’s holdings in Travelers Companies were worth $5,196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after acquiring an additional 41 shares during the period. Quent Capital LLC raised its holdings in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 44 shares in the last quarter. Somerset Trust Co increased its position in Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after buying an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in Travelers Companies by 3.8% in the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock valued at $294,000 after buying an additional 46 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Barclays lifted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Trading Up 0.8 %

Shares of TRV opened at $258.09 on Friday. The firm’s 50 day simple moving average is $244.74 and its 200 day simple moving average is $244.45. The company has a market capitalization of $58.51 billion, a P/E ratio of 12.02, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $7.01 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

About Travelers Companies

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.