First Horizon Advisors Inc. Sells 1,472 Shares of The Travelers Companies, Inc. (NYSE:TRV)

First Horizon Advisors Inc. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,705 shares of the insurance provider's stock after selling 1,472 shares during the period. Travelers Companies comprises approximately 1.1% of First Horizon Advisors Inc.'s holdings, making the stock its 21st largest holding. First Horizon Advisors Inc. owned approximately 0.06% of Travelers Companies worth $38,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in Travelers Companies in the fourth quarter worth about $26,000. Ameriflex Group Inc. purchased a new position in Travelers Companies during the fourth quarter valued at approximately $26,000. Kapitalo Investimentos Ltda acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $30,000. Wood Tarver Financial Group LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $33,000. Finally, Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of several analyst reports. Evercore ISI upped their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $271.11.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction dated 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 of the company's stock, valued at $32,387,407.20. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,869 shares of company stock valued at $44,868,201. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

TRV stock traded up $6.79 during trading on Thursday, reaching $264.13. 859,525 shares of the stock were exchanged, compared to its average volume of 1,283,489. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $267.71 and a 200-day simple moving average of $254.88. The company has a market capitalization of $59.66 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 3.76 and a beta of 0.51. The Travelers Companies, Inc. has a twelve month low of $200.40 and a twelve month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The company had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter in the previous year, the company posted $4.69 earnings per share. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a dividend of $1.10 per share. 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 dividend yield of 1.67%. Travelers Companies's payout ratio is presently 23.95%.

Travelers Companies Company 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.