Equity Investment Corp Sells 8,072 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Equity Investment Corp cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,707 shares of the insurance provider's stock after selling 8,072 shares during the quarter. Travelers Companies comprises about 2.3% of Equity Investment Corp's holdings, making the stock its 23rd largest position. Equity Investment Corp owned 0.17% of Travelers Companies worth $102,797,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Smith Salley Wealth Management raised its position in Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after purchasing an additional 44 shares during the period. JT Stratford LLC raised its position in Travelers Companies by 0.8% in the 4th quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after purchasing an additional 49 shares during the period. Trifecta Capital Advisors LLC raised its position in Travelers Companies by 13.4% in the 1st quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock worth $112,000 after purchasing an additional 50 shares during the period. BLB&B Advisors LLC raised its position in Travelers Companies by 3.6% in the 1st quarter. BLB&B Advisors LLC now owns 1,424 shares of the insurance provider's stock worth $377,000 after purchasing an additional 50 shares during the period. Finally, Wolff Wiese Magana LLC raised its position in Travelers Companies by 32.5% in the 1st quarter. Wolff Wiese Magana LLC now owns 212 shares of the insurance provider's stock worth $56,000 after purchasing an additional 52 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the sale, the insider directly owned 48,387 shares in the company, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the sale, the executive vice president owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock worth $44,868,201 in the last 90 days. Insiders own 1.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. UBS Group dropped their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, Evercore ISI increased their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $274.00.

Travelers Companies Stock Up 1.6%

Shares of Travelers Companies stock traded up $4.09 during trading on Friday, hitting $265.90. The company's stock had a trading volume of 655,128 shares, compared to its average volume of 1,290,788. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The company has a fifty day simple moving average of $266.00 and a two-hundred day simple moving average of $256.07. The company has a market capitalization of $60.06 billion, a PE ratio of 14.46, a P/E/G ratio of 3.72 and a beta of 0.51. The Travelers Companies, Inc. has a 52 week low of $202.95 and a 52 week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. Travelers Companies's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $2.51 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

About Travelers Companies

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.