Free Trial

Conning Inc. Sells 5,740 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Travelers Companies logo with Finance background

Conning Inc. lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,857 shares of the insurance provider's stock after selling 5,740 shares during the period. Travelers Companies comprises 1.3% of Conning Inc.'s portfolio, making the stock its 19th largest holding. Conning Inc. owned approximately 0.06% of Travelers Companies worth $36,458,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TRV. Putney Financial Group LLC acquired a new stake in Travelers Companies during the fourth quarter worth $26,000. Ameriflex Group Inc. bought a new position in shares of Travelers Companies during the fourth quarter valued at $26,000. Kapitalo Investimentos Ltda bought a new position in shares of Travelers Companies during the fourth quarter valued at $30,000. Wood Tarver Financial Group LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at $33,000. Finally, Generali Investments Management Co LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the sale, the executive vice president owned 118,116 shares in the company, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 9,044 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.17, for a total value of $2,479,593.48. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at $9,222,530.46. The trade was a 21.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 163,869 shares of company stock worth $44,868,201. Corporate insiders own 1.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TRV. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group cut their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a report on Wednesday, May 28th. Wells Fargo & Company boosted their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Finally, Barclays dropped their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $271.11.

Check Out Our Latest Report on TRV

Travelers Companies Stock Up 2.6%

Shares of TRV traded up $6.79 on Friday, hitting $264.13. The company's stock had a trading volume of 859,525 shares, compared to its average volume of 1,283,489. 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 firm's fifty day moving average price is $267.78 and its 200-day moving average price is $255.01. The Travelers Companies, Inc. has a fifty-two week low of $200.40 and a fifty-two week high of $277.83. The firm has a market capitalization of $59.66 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.87 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS 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 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 quarter in the previous year, the business posted $4.69 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date was Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.67%. Travelers Companies's payout ratio is presently 23.95%.

About Travelers Companies

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

Should You Invest $1,000 in Travelers Companies Right Now?

Before you consider Travelers Companies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelers Companies wasn't on the list.

While Travelers Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines