Auxier Asset Management Sells 3,545 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Auxier Asset Management lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,449 shares of the insurance provider's stock after selling 3,545 shares during the quarter. Travelers Companies accounts for 1.6% of Auxier Asset Management's investment portfolio, making the stock its 19th biggest position. Auxier Asset Management's holdings in Travelers Companies were worth $10,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after buying an additional 41 shares in the last quarter. Quent Capital LLC grew its position in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after acquiring an additional 43 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Travelers Companies by 2.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock valued at $555,000 after purchasing an additional 46 shares during the period. Tectonic Advisors LLC raised its stake in Travelers Companies by 0.5% during the 4th quarter. Tectonic Advisors LLC now owns 8,752 shares of the insurance provider's stock valued at $2,108,000 after acquiring an additional 47 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Travelers Companies by 7.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRV. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Barclays cut their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Jefferies Financial Group increased their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $271.11.

Travelers Companies Stock Up 0.0%

TRV stock traded up $0.11 during mid-day trading on Thursday, hitting $273.76. The stock had a trading volume of 391,926 shares, compared to its average volume of 1,359,007. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $276.21. The company has a fifty day moving average of $260.85 and a 200 day moving average of $253.40. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $62.03 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the firm earned $4.69 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.61%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio is presently 23.95%.

Travelers Companies 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.