Siemens Fonds Invest GmbH Sells 3,952 Shares of The Travelers Companies, Inc. $TRV

Siemens Fonds Invest GmbH trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,753 shares of the insurance provider’s stock after selling 3,952 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Travelers Companies were worth $4,021,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth about $276,000. WINTON GROUP Ltd acquired a new stake in shares of Travelers Companies in the 2nd quarter worth about $382,000. CIBC Asset Management Inc raised its holdings in shares of Travelers Companies by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after acquiring an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after acquiring an additional 2,117 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRV. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. BMO Capital Markets upped their target price on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Finally, Barclays downgraded shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $331.00 to $295.00 in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $309.07.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares in the company, valued at $1,853,239.50. This trade represents a 51.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Up 0.4%

TRV stock opened at $307.78 on Wednesday. The stock has a market cap of $65.45 billion, a P/E ratio of 9.16, a P/E/G ratio of 2.76 and a beta of 0.48. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $300.75 and its two-hundred day simple moving average is $294.73. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.91 EPS. Analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio is presently 14.88%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.