The Travelers Companies, Inc. $TRV Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,668 shares of the insurance provider’s stock after selling 1,383 shares during the quarter. Travelers Companies comprises about 0.5% of Goelzer Investment Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Goelzer Investment Management Inc.’s holdings in Travelers Companies were worth $12,105,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TRV. HHM Wealth Advisors LLC grew its position in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the fourth quarter valued at about $26,000. Whipplewood Advisors LLC acquired a new position in Travelers Companies during the 1st quarter worth approximately $26,000. Osterweis Capital Management Inc. lifted its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Travelers Companies in the 4th quarter valued at about $28,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TRV. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Wednesday, August 5th. Barclays upped their price objective on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a research report on Monday, July 20th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Finally, Bank of America raised their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Down 1.5%

Shares of NYSE:TRV opened at $369.94 on Thursday. The company has a market cap of $77.16 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 3.57 and a beta of 0.45. The firm has a 50 day simple moving average of $343.11 and a 200 day simple moving average of $314.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.51 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is 13.39%.

Insider Buying and Selling

In other news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 62,667 shares of company stock worth $22,688,329 over the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies 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.