The Travelers Companies, Inc. $TRV Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,126 shares of the insurance provider’s stock after selling 857 shares during the quarter. Travelers Companies accounts for approximately 1.4% of Telos Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Telos Capital Management Inc.’s holdings in Travelers Companies were worth $13,678,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PFG Advisors lifted its stake in shares of Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after purchasing an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. raised its holdings in shares of Travelers Companies by 3.0% in the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after buying an additional 1,772 shares during the period. Atlas Capital Advisors Inc. raised its holdings in shares of Travelers Companies by 890.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after buying an additional 4,098 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of Travelers Companies by 47.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after buying an additional 1,703 shares during the period. Finally, Alpha Cubed Investments LLC raised its holdings in shares of Travelers Companies by 200.2% in the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock valued at $870,000 after buying an additional 2,194 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the topic of several research analyst reports. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Barclays set a $313.00 price objective on Travelers Companies in a report on Wednesday, October 8th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Finally, Morgan Stanley upped their price target on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $291.31.

Travelers Companies Trading Down 0.9%

TRV opened at $268.61 on Monday. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a market cap of $59.92 billion, a P/E ratio of 10.56, a PEG ratio of 2.38 and a beta of 0.51. 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 business’s 50-day simple moving average is $273.86 and its 200-day simple moving average is $268.19.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the prior year, the business posted $5.24 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This represents a 20.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is owned by corporate insiders.

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.