Thompson Siegel & Walmsley LLC Decreases Holdings in The Travelers Companies, Inc. $TRV

Thompson Siegel & Walmsley LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 95.8% during the 4th quarter, HoldingsChannel reports. The fund owned 771 shares of the insurance provider’s stock after selling 17,649 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Travelers Companies were worth $224,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Peapack Gladstone Financial Corp raised its stake in shares of Travelers Companies by 1.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 24,487 shares of the insurance provider’s stock worth $7,103,000 after acquiring an additional 332 shares in the last quarter. Waterloo Capital L.P. grew its holdings in shares of Travelers Companies by 24.6% in the fourth quarter. Waterloo Capital L.P. now owns 913 shares of the insurance provider’s stock worth $265,000 after purchasing an additional 180 shares during the last quarter. Essex Financial Services Inc. grew its holdings in shares of Travelers Companies by 1.4% in the fourth quarter. Essex Financial Services Inc. now owns 7,932 shares of the insurance provider’s stock worth $2,301,000 after purchasing an additional 108 shares during the last quarter. MUFG Securities EMEA plc grew its holdings in shares of Travelers Companies by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 9,145 shares of the insurance provider’s stock worth $2,653,000 after purchasing an additional 4,836 shares during the last quarter. Finally, Texas Yale Capital Corp. bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $248,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE:TRV opened at $292.43 on Wednesday. The stock has a market cap of $62.19 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 2.61 and a beta of 0.48. The firm’s fifty day simple moving average is $298.97 and its 200 day simple moving average is $293.82. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s payout ratio is 13.09%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRV. Evercore restated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Brean Capital began coverage on shares of Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating on the stock. Barclays raised their target price on shares of Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, BMO Capital Markets raised their target price on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $311.47.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This represents a 12.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 37,573 shares of company stock valued at $11,504,146. Company insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.