Avanza Fonder AB Trims Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Avanza Fonder AB cut its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,552 shares of the insurance provider's stock after selling 2,703 shares during the quarter. Avanza Fonder AB's holdings in Travelers Companies were worth $4,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after buying an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies in the fourth quarter worth about $276,000. Stratos Wealth Partners LTD. increased its stake in shares of Travelers Companies by 6.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,804 shares of the insurance provider's stock valued at $675,000 after purchasing an additional 167 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Travelers Companies by 97.5% during the fourth quarter. Empowered Funds LLC now owns 20,271 shares of the insurance provider's stock valued at $4,883,000 after purchasing an additional 10,006 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in shares of Travelers Companies by 4.6% in the 4th quarter. Stephens Inc. AR now owns 11,375 shares of the insurance provider's stock worth $2,740,000 after purchasing an additional 499 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

NYSE:TRV traded up $2.05 during trading hours on Thursday, hitting $263.32. 375,583 shares of the stock were exchanged, compared to its average volume of 1,290,074. The firm's fifty day moving average price is $262.99 and its 200 day moving average price is $254.22. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83. The company has a market cap of $59.47 billion, a P/E ratio of 12.26, a P/E/G ratio of 4.65 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the previous year, the business earned $4.69 earnings per share. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. Travelers Companies's dividend payout ratio is presently 23.95%.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,657,685.25. This represents a 71.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the sale, the insider now directly owns 255,086 shares in the company, valued at $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 in the last ninety days. Insiders own 1.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TRV shares. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research report on Monday, March 24th. Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Barclays reduced their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $271.11.

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.