The Travelers Companies, Inc. $TRV Shares Sold by MetLife Investment Management LLC

Key Points

• MetLife Investment Management LLC reduced its stake in The Travelers Companies by 2.1% in the first quarter, holding 58,877 shares valued at approximately $15.57 million.
• Several institutional investors increased their stakes in Travelers, with Bank of America boosting its position by 236.9%, bringing its ownership to 3.5 million shares worth about $844.85 million.
• The Travelers Companies recently announced a $1.10 quarterly dividend to be paid on September 30, yielding 1.6% based on an annualized payout of $4.40.

MetLife Investment Management LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,877 shares of the insurance provider's stock after selling 1,237 shares during the period. MetLife Investment Management LLC's holdings in Travelers Companies were worth $15,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of TRV. Brighton Jones LLC raised its stake in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Travelers Companies in the fourth quarter worth approximately $276,000. Integrated Wealth Concepts LLC raised its stake in Travelers Companies by 4.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 6,810 shares of the insurance provider's stock worth $1,641,000 after buying an additional 266 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in Travelers Companies by 5.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 9,008 shares of the insurance provider's stock worth $2,170,000 after buying an additional 477 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its stake in Travelers Companies by 9.3% in the fourth quarter. Prosperity Consulting Group LLC now owns 991 shares of the insurance provider's stock worth $239,000 after buying an additional 84 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Analysts Set New Price Targets

TRV has been the topic of several analyst reports. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Citigroup initiated coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target on the stock. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $280.00 to $274.00 in a report on Monday, July 7th. UBS Group lifted their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average price target of $284.56.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV traded down $1.85 during trading hours on Thursday, reaching $270.36. 827,856 shares of the company traded hands, compared to its average volume of 1,230,802. The stock has a market capitalization of $60.87 billion, a P/E ratio of 11.96, a P/E/G ratio of 3.13 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $222.21 and a 12-month high of $279.04. The business has a fifty day moving average price of $263.72 and a 200-day moving average price of $260.89.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the company earned $2.51 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

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.