Global Trust Asset Management LLC Lowers Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Global Trust Asset Management LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 92.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100 shares of the insurance provider's stock after selling 1,234 shares during the period. Global Trust Asset Management LLC's holdings in Travelers Companies were worth $26,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Strategic Advisors LLC increased its stake in Travelers Companies by 2.5% during the 1st quarter. Strategic Advisors LLC now owns 3,359 shares of the insurance provider's stock worth $888,000 after buying an additional 83 shares during the period. Inscription Capital LLC acquired a new position in shares of Travelers Companies in the first quarter worth $347,000. Grove Bank & Trust increased its position in shares of Travelers Companies by 14.3% during the first quarter. Grove Bank & Trust now owns 736 shares of the insurance provider's stock worth $195,000 after acquiring an additional 92 shares during the period. Grimes & Company Inc. raised its stake in shares of Travelers Companies by 2.4% in the first quarter. Grimes & Company Inc. now owns 2,601 shares of the insurance provider's stock valued at $688,000 after acquiring an additional 60 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Travelers Companies by 33.5% in the first quarter. QRG Capital Management Inc. now owns 102,650 shares of the insurance provider's stock valued at $27,147,000 after purchasing an additional 25,784 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent research reports. Barclays cut their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. UBS Group cut their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. HSBC downgraded 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 note on Monday, March 24th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Jefferies Financial Group raised 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 eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $271.11.

Travelers Companies Price Performance

Shares of TRV opened at $264.36 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83. The stock has a market cap of $59.71 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.53. The firm has a fifty day moving average price of $265.06 and a 200 day moving average price of $254.14.

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 for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate 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 previous year, the business earned $4.69 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a positive change 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 1.66%. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the company'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 transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer now directly owns 26,932 shares of the company's stock, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the sale, the executive vice president now directly owns 6,075 shares of the company's stock, valued at $1,657,685.25. The trade was a 71.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock valued at $44,868,201 in the last ninety days. 1.46% of the stock is currently owned by company insiders.

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.

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