Hanson & Doremus Investment Management Has $997,000 Holdings in Travelers Companies Inc (NYSE:TRV)

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Hanson & Doremus Investment Management decreased its position in Travelers Companies Inc (NYSE:TRV) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,706 shares of the insurance provider’s stock after selling 207 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Travelers Companies were worth $997,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ lifted its holdings in Travelers Companies by 0.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 45,261 shares of the insurance provider’s stock valued at $6,767,000 after acquiring an additional 200 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Travelers Companies by 1.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,536,731 shares of the insurance provider’s stock valued at $229,772,000 after purchasing an additional 15,243 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Travelers Companies by 26.2% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 42,376 shares of the insurance provider’s stock valued at $6,336,000 after purchasing an additional 8,800 shares in the last quarter. Douglas Lane & Associates LLC raised its position in shares of Travelers Companies by 6.5% in the 2nd quarter. Douglas Lane & Associates LLC now owns 2,080 shares of the insurance provider’s stock valued at $311,000 after purchasing an additional 127 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Travelers Companies by 9.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,452 shares of the insurance provider’s stock valued at $367,000 after purchasing an additional 205 shares in the last quarter. 82.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE TRV traded up $0.28 during mid-day trading on Friday, hitting $133.29. 1,280,400 shares of the company traded hands, compared to its average volume of 1,312,134. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $155.09. The stock has a market capitalization of $33.88 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.45 and a beta of 0.90. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $139.49 and a two-hundred day moving average of $145.71.

Travelers Companies (NYSE:TRV) last announced its earnings results on Tuesday, October 22nd. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $2.35 by ($0.92). The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.17 billion. Travelers Companies had a net margin of 7.57% and a return on equity of 9.13%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.54 earnings per share. As a group, research analysts anticipate that Travelers Companies Inc will post 9.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Monday, December 9th. Travelers Companies’s dividend payout ratio is currently 36.69%.

TRV has been the topic of a number of recent analyst reports. ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $156.00 price target on the stock. in a research report on Wednesday, September 18th. Credit Suisse Group dropped their price target on Travelers Companies from $141.00 to $126.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Barclays lowered their price objective on Travelers Companies from $177.00 to $174.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, Buckingham Research cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $147.93.

In other news, EVP Michael Frederick Klein sold 3,545 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $147.41, for a total transaction of $522,568.45. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Philip T. Ruegger III acquired 700 shares of the stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of $147.49 per share, for a total transaction of $103,243.00. The disclosure for this purchase can be found here. Over the last three months, insiders sold 37,167 shares of company stock valued at $5,454,246. Company insiders own 0.73% of the company’s stock.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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