Global Trust Asset Management LLC Sells 1,234 Shares of The Travelers Companies, Inc. (NYSE:TRV)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. Ameriflex Group Inc. purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $26,000. Putney Financial Group LLC purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $26,000. Kapitalo Investimentos Ltda purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $30,000. Wood Tarver Financial Group LLC purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $33,000. Finally, Generali Investments Management Co LLC purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $37,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 6,149 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.71, for a total transaction of $1,683,042.79. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer now owns 262,329 shares in the company, valued at approximately $71,820,433.62. This trade represents a 11.91% 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. 1.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Jefferies Financial Group increased their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. 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. Wells Fargo & Company increased their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. Finally, UBS Group reduced their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $271.11.

Travelers Companies Trading Up 0.1%

Travelers Companies stock traded up $0.16 during mid-day trading on Friday, reaching $265.06. 2,979,218 shares of the company traded hands, compared to its average volume of 1,288,522. 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 firm's 50 day moving average price is $266.19 and its 200 day moving average price is $254.20. The firm has a market capitalization of $59.87 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 3.87 and a beta of 0.53. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same period in the previous year, the firm earned $4.69 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

Travelers Companies 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.