The Travelers Companies, Inc. (NYSE:TRV) Position Trimmed by Private Advisor Group LLC

Private Advisor Group LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,505 shares of the insurance provider’s stock after selling 909 shares during the quarter. Private Advisor Group LLC’s holdings in Travelers Companies were worth $4,673,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. bought a new stake in Travelers Companies in the third quarter worth $26,000. AM Squared Ltd increased its holdings 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 acquiring an additional 100 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Travelers Companies in the 4th quarter valued at approximately $40,000. OLD Second National Bank of Aurora acquired a new stake in Travelers Companies in the 4th quarter worth approximately $41,000. Finally, Independence Bank of Kentucky bought a new stake in Travelers Companies during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.0 %

Shares of NYSE TRV opened at $219.42 on Friday. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The firm’s 50-day moving average is $220.58 and its 200-day moving average is $201.45. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $50.25 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.11 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 31.20%.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 in the last ninety days. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. HSBC raised their price target on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. Evercore ISI cut their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. TD Cowen lowered their target price on Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Finally, UBS Group lowered their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have given 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.47.

About Travelers Companies

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.