Hennessy Advisors Inc. Sells 2,300 Shares of The Travelers Companies, Inc. $TRV

by · The Cerbat Gem

Hennessy Advisors Inc. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,900 shares of the insurance provider’s stock after selling 2,300 shares during the quarter. Hennessy Advisors Inc.’s holdings in Travelers Companies were worth $8,349,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TRV. Osterweis Capital Management Inc. increased its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Missouri Trust & Investment Co increased its stake in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after buying an additional 55 shares during the period. Delos Wealth Advisors LLC bought a new stake in Travelers Companies during the 2nd quarter valued at about $27,000. Quaker Wealth Management LLC boosted its position in Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after buying an additional 208 shares during the period. Finally, Clayton Financial Group LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 8,920 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the sale, the executive vice president owned 117,596 shares of the company’s stock, 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. Insiders have sold 46,295 shares of company stock valued at $13,011,918 in the last ninety days. 1.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Barclays set a $313.00 price target on Travelers Companies in a research note on Wednesday, October 8th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $294.25.

View Our Latest Stock Report on Travelers Companies

Travelers Companies Price Performance

Shares of TRV stock opened at $290.03 on Thursday. The stock’s 50-day moving average is $284.42 and its 200 day moving average is $274.04. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $296.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $64.69 billion, a P/E ratio of 11.41, a PEG ratio of 2.87 and a beta of 0.53.

Travelers Companies (NYSE:TRV – Get Free Report) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the prior year, the firm posted $5.24 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

About Travelers Companies

(Free Report)

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.

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