Telos Capital Management Inc. Sells 2,601 Shares of The Travelers Companies, Inc. $TRV

Telos Capital Management Inc. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,042 shares of the insurance provider’s stock after selling 2,601 shares during the period. Travelers Companies accounts for approximately 1.4% of Telos Capital Management Inc.’s holdings, making the stock its 19th largest holding. Telos Capital Management Inc.’s holdings in Travelers Companies were worth $14,305,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Arbejdsmarkedets Tillaegspension bought a new position in shares of Travelers Companies in the fourth quarter worth about $24,167,000. Rit Capital Partners PLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $39,450,000. Elo Mutual Pension Insurance Co increased its holdings in shares of Travelers Companies by 24.9% in the third quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock valued at $9,737,000 after purchasing an additional 6,954 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in Travelers Companies by 192.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 135,330 shares of the insurance provider’s stock worth $37,787,000 after purchasing an additional 89,108 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Travelers Companies by 17.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock worth $261,616,000 after purchasing an additional 133,152 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. This trade represents a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,573 shares of company stock valued at $11,504,146 over the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Up 1.0%

Shares of NYSE:TRV opened at $310.87 on Tuesday. The company has a 50 day moving average price of $301.52 and a two-hundred day moving average price of $295.18. The company has a market capitalization of $66.11 billion, a PE ratio of 9.25, a PEG ratio of 2.78 and a beta of 0.48. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion during 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 quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. Analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is currently 14.88%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Bank of America decreased their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Brean Capital initiated coverage on Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Finally, Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $309.07.

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.