Lecap Asset Management Ltd. Sells 7,070 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Lecap Asset Management Ltd. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 59.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,819 shares of the insurance provider's stock after selling 7,070 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Travelers Companies were worth $1,274,000 as of its most recent SEC filing.

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

Travelers Companies Stock Performance

TRV stock traded up $2.36 during mid-day trading on Thursday, hitting $263.17. 1,212,748 shares of the company were exchanged, compared to its average volume of 1,286,910. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83. The business has a 50 day simple moving average of $267.01 and a 200-day simple moving average of $254.31. 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 market capitalization of $59.44 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 3.89 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 16.10% and a net margin of 9.09%. During the same period last year, the firm posted $4.69 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is 23.95%.

Insider Buying and Selling

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the transaction, the chief executive officer now directly owns 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 6,149 shares of Travelers Companies stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock valued at $44,868,201 over the last 90 days. 1.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research reports. Jefferies Financial Group increased their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Barclays decreased their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, UBS Group lowered 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 note on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $271.11.

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.