Schear Investment Advisers LLC Sells 83 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Schear Investment Advisers LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,218 shares of the insurance provider’s stock after selling 83 shares during the period. Schear Investment Advisers LLC’s holdings in Travelers Companies were worth $232,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TRV. Norges Bank bought a new position in shares of Travelers Companies in the 4th quarter worth $239,875,000. Barclays PLC boosted its position in shares of Travelers Companies by 215.5% during the second quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock worth $159,378,000 after buying an additional 626,837 shares during the period. Clearbridge Investments LLC grew its stake in shares of Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares in the last quarter. Morgan Stanley increased its stake in Travelers Companies by 19.6% in the 4th quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after buying an additional 539,294 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Travelers Companies by 1,826.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after acquiring an additional 486,098 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the transaction, the senior vice president now directly owns 719 shares of the company’s stock, valued at approximately $153,046.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Vice Chairman William H. Heyman sold 2,500 shares of Travelers Companies stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock valued at $23,343,903 over the last 90 days. 1.33% of the stock is owned by insiders.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $3.46 during midday trading on Friday, reaching $213.88. 926,029 shares of the company were exchanged, compared to its average volume of 1,492,882. The stock has a market cap of $49.01 billion, a P/E ratio of 15.73, a PEG ratio of 1.08 and a beta of 0.58. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. 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 stock’s 50-day moving average price is $221.80 and its 200-day moving average price is $196.27.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the prior year, the company earned $4.11 EPS. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

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

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research note on Monday, April 1st. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. UBS Group upped their price target on shares of Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Raymond James increased their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $220.78.

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.