Calamos Advisors LLC Decreases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Calamos Advisors LLC trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,687 shares of the insurance provider’s stock after selling 1,300 shares during the quarter. Calamos Advisors LLC’s holdings in Travelers Companies were worth $13,656,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. FWL Investment Management LLC purchased a new position in Travelers Companies in the 4th quarter worth approximately $28,000. First Command Advisory Services Inc. purchased a new position in Travelers Companies in the 3rd quarter worth approximately $26,000. Arlington Trust Co LLC purchased a new position in Travelers Companies in the 3rd quarter worth approximately $27,000. Quarry LP purchased a new position in Travelers Companies in the 1st quarter worth approximately $31,000. Finally, AM Squared Ltd raised its position in shares of Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after buying an additional 100 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 109,775 shares of company stock worth $23,343,903. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of several analyst reports. Raymond James lifted their price target on shares of Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday. UBS Group lifted their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada reduced their price target on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, TD Cowen initiated coverage on shares of Travelers Companies in a research report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $220.78.

Travelers Companies Stock Performance

NYSE:TRV opened at $213.99 on Friday. The company has a fifty day simple moving average of $221.79 and a two-hundred day simple moving average of $196.63. The company has a market cap of $49.00 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.10 and a beta of 0.58. 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 Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 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 analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.11 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.66 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is presently 29.72%.

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.