Janney Montgomery Scott LLC Decreases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Janney Montgomery Scott LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,784 shares of the insurance provider's stock after selling 1,275 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.09% of Travelers Companies worth $53,629,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at about $26,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies in the 4th quarter valued at about $30,000. Wood Tarver Financial Group LLC purchased a new position in Travelers Companies in 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. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV stock opened at $265.11 on Tuesday. The business's fifty day moving average price is $264.75 and its 200 day moving average price is $254.07. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.83. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $59.88 billion, a PE ratio of 12.35, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released 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 company 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 19.06% and a net margin of 10.77%. During the same period in the previous year, the company posted $4.69 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.66%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is 23.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $271.11.

Insider Buying and Selling

In other Travelers Companies news, EVP David Donnay Rowland sold 12,069 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.01, for a total value of $3,307,026.69. Following the completion of the transaction, the executive vice president now owns 11,731 shares in the company, valued at $3,214,411.31. The trade was a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the sale, the chief executive officer now directly owns 262,329 shares in the company, valued at $71,820,433.62. This represents a 11.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock valued at $44,868,201 in the last ninety days. Company insiders own 1.46% of the company's stock.

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.

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