Hennion & Walsh Asset Management Inc. Acquires 213 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,966 shares of the insurance provider’s stock after buying an additional 213 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Travelers Companies were worth $3,444,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TRV. Northwest Financial Advisors acquired a new position in Travelers Companies during the 4th quarter valued at $32,000. Opal Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the first quarter valued at about $42,000. MCF Advisors LLC grew its position in Travelers Companies by 53.8% during the first quarter. MCF Advisors LLC now owns 203 shares of the insurance provider’s stock worth $47,000 after buying an additional 71 shares in the last quarter. Private Wealth Management Group LLC bought a new position in Travelers Companies during the fourth quarter valued at about $39,000. Finally, Valued Wealth Advisors LLC acquired a new position in Travelers Companies in the 4th quarter valued at approximately $40,000. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 over the last ninety days. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 1.7 %

Shares of TRV stock opened at $203.34 on Friday. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average of $212.47 and a 200-day moving average of $211.52. The company has a market capitalization of $46.56 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 1.08 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the company posted $4.11 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.59 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were issued a $1.05 dividend. The ex-dividend date was Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.07%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TRV. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Friday. William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday. Keefe, Bruyette & Woods cut their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average price target of $221.12.

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.