Calamos Advisors LLC Trims Position in The Travelers Companies, Inc. (NYSE:TRV)

Calamos Advisors LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,687 shares of the insurance provider’s stock after selling 1,300 shares during the quarter. Calamos Advisors LLC’s holdings in Travelers Companies were worth $13,656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. First Command Advisory Services Inc. purchased a new position in shares of Travelers Companies during the third quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new position in Travelers Companies during the third quarter worth approximately $27,000. FWL Investment Management LLC purchased a new position in Travelers Companies during the fourth quarter worth approximately $28,000. Quarry LP purchased a new position in Travelers Companies during the first quarter worth approximately $31,000. Finally, AM Squared Ltd raised its stake in Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRV. TD Cowen began coverage on shares of Travelers Companies in a research note on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price target on the stock. HSBC increased their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. Jefferies Financial Group cut their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research note on Thursday. Finally, Piper Sandler reissued a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $220.78.

Travelers Companies Price Performance

TRV opened at $213.99 on Friday. The company has a fifty day simple moving average of $221.79 and a 200 day simple moving average of $196.63. The firm has a market cap of $49.00 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.10 and a beta of 0.58. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates 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 for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.11 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 17.66 EPS for the current fiscal year.

Travelers Companies Increases Dividend

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

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock valued at $23,343,903 in the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Company Profile

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.