The Travelers Companies, Inc. $TRV Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 11.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,870,373 shares of the insurance provider’s stock after selling 365,072 shares during the quarter. Clearbridge Investments LLC’s holdings in Travelers Companies were worth $832,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TRV. Osterweis Capital Management Inc. increased its stake in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $28,000. Entrust Financial LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $31,000. Navalign LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $35,000. Finally, eCIO Inc. acquired a new position in shares of Travelers Companies during the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research analyst reports. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Barclays raised their price objective on shares of Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Finally, BMO Capital Markets lifted their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $311.47.

Travelers Companies Trading Up 3.3%

Travelers Companies stock opened at $303.13 on Friday. The company has a 50 day moving average price of $299.04 and a 200 day moving average price of $294.00. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $64.46 billion, a price-to-earnings ratio of 9.02, a P/E/G ratio of 2.73 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the business posted $1.91 EPS. The company’s revenue was down 1.7% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 13.09%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. This trade represents a 35.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $2,079,633.30. Following the transaction, the insider owned 48,737 shares in the company, valued at $15,049,010.86. This represents a 12.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by company insiders.

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.