Bessemer Group Inc. Sells 5,690 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bessemer Group Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 34.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,713 shares of the insurance provider's stock after selling 5,690 shares during the quarter. Bessemer Group Inc.'s holdings in Travelers Companies were worth $2,833,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TRV. Putney Financial Group LLC bought a new stake in Travelers Companies during the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies during the 4th quarter worth $26,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies during the 4th quarter valued at $30,000. Wood Tarver Financial Group LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $33,000. Finally, Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth $37,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

Travelers Companies stock traded up $0.26 during midday trading on Friday, reaching $263.21. 1,156,778 shares of the stock traded hands, compared to its average volume of 1,284,000. The stock has a market cap of $59.45 billion, a P/E ratio of 14.33, a PEG ratio of 3.85 and a beta of 0.53. The stock's fifty day moving average is $267.30 and its 200-day moving average is $254.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 12 month low of $200.40 and a 12 month high of $277.83.

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 (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same period in the prior year, the firm earned $4.69 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current 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 paid a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Analysts Set New Price Targets

Several research firms have issued reports on TRV. Wells Fargo & Company boosted their price target on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. Evercore ISI boosted their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Finally, Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $271.11.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the transaction, the chief financial officer now owns 26,932 shares in the company, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the sale, the executive vice president now owns 118,116 shares in the company, valued at approximately $32,387,407.20. This trade represents a 23.46% 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 three months. Insiders own 1.46% of the company's stock.

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.