The Travelers Companies, Inc. $TRV Stake Lessened by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,068 shares of the insurance provider’s stock after selling 300 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Travelers Companies were worth $821,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TRV. Valeo Financial Advisors LLC grew its stake in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after purchasing an additional 3,611,758 shares during the last quarter. Nuveen LLC acquired a new position in Travelers Companies in the first quarter worth approximately $294,755,000. Bahl & Gaynor Inc. grew its position in Travelers Companies by 41.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after buying an additional 490,039 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after buying an additional 390,104 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Travelers Companies by 86.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock valued at $197,686,000 after acquiring an additional 342,666 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other Travelers Companies 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 transaction, 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 SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the transaction, the insider owned 255,086 shares in the company, valued at $73,337,225. This represents a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,195 shares of company stock worth $15,042,229. 1.46% of the stock is owned by company insiders.

Travelers Companies Trading Up 0.9%

NYSE:TRV opened at $287.14 on Wednesday. The stock has a market cap of $64.05 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $290.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50-day moving average is $275.75 and its two-hundred day moving average is $269.99.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $5.24 earnings per share. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. Barclays set a $313.00 price objective on shares of Travelers Companies in a research note on Wednesday, October 8th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley boosted their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the company an “equal weight” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $291.94.

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.