The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,505 shares of the insurance provider’s stock after selling 909 shares during the quarter. Private Advisor Group LLC’s holdings in Travelers Companies were worth $4,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Command Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the third quarter valued at $26,000. AM Squared Ltd boosted its holdings in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Valued Wealth Advisors LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $40,000. OLD Second National Bank of Aurora purchased a new stake in Travelers Companies during the fourth quarter worth about $41,000. Finally, Operose Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter worth about $43,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders have sold a total of 18,635 shares of company stock worth $3,980,827 over the last ninety days. 1.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TRV shares. UBS Group cut their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Raymond James increased their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Evercore ISI lowered their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. The Goldman Sachs Group raised their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada dropped their price objective on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $223.47.

Travelers Companies Stock Performance

Shares of TRV stock opened at $219.42 on Friday. The stock’s 50-day moving average price is $220.58 and its 200 day moving average price is $201.45. 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 has a market capitalization of $50.25 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the firm posted $4.11 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.91%. Travelers Companies’s payout ratio is presently 31.20%.

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.