The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 90,794 shares of the insurance provider's stock after selling 4,959 shares during the period. Financial Counselors Inc.'s holdings in Travelers Companies were worth $24,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Smith Salley Wealth Management lifted its stake in shares of Travelers Companies by 0.6% during the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after buying an additional 44 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Travelers Companies by 7.0% during 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 last quarter. JT Stratford LLC raised its holdings in shares of Travelers Companies by 0.8% during the fourth 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 last quarter. Trifecta Capital Advisors LLC raised its holdings in shares of Travelers Companies by 13.4% during the first 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 last quarter. Finally, BLB&B Advisors LLC raised its holdings in shares of Travelers Companies by 3.6% during the first 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 last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This represents a 42.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 9,044 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.17, for a total transaction of $2,479,593.48. Following the sale, the executive vice president directly owned 33,638 shares of the company's stock, valued at approximately $9,222,530.46. This represents a 21.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 in the last 90 days. 1.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TRV shares. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group reduced their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Evercore ISI raised their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $270.79.

Travelers Companies Price Performance

Shares of TRV stock traded down $0.99 on Tuesday, reaching $258.00. 175,852 shares of the company were exchanged, compared to its average volume of 1,281,373. The company has a market cap of $58.27 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 3.87 and a beta of 0.51. The business has a 50-day moving average price of $267.83 and a 200 day moving average price of $255.53. 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 Travelers Companies, Inc. has a 1 year low of $202.69 and a 1 year high of $277.83.

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, topping analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same quarter in the previous year, the company earned $4.69 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

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.