Federated Hermes Inc. Sells 102,956 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Federated Hermes Inc. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 716,889 shares of the insurance provider's stock after selling 102,956 shares during the period. Federated Hermes Inc. owned about 0.32% of Travelers Companies worth $172,691,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Yoffe Investment Management LLC purchased a new position in Travelers Companies in the 4th quarter worth about $1,202,000. Elevate Capital Advisors LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth about $4,627,000. Erste Asset Management GmbH grew its position in Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after purchasing an additional 100 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after buying an additional 38,515 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock valued at $4,248,000 after buying an additional 4,665 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Performance

TRV traded down $0.02 during trading on Friday, reaching $245.15. 379,526 shares of the company's stock were exchanged, compared to its average volume of 1,299,540. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a market capitalization of $55.58 billion, a P/E ratio of 11.40, a PEG ratio of 4.65 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $251.58 and a 200 day moving average price of $248.78.

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Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.01 earnings per share. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.71%. The ex-dividend date was Monday, March 10th. Travelers Companies's dividend payout ratio is 19.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday. Barclays upped their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $261.89.

Travelers Companies Company 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.