Mn Services Vermogensbeheer B.V. Sells 7,200 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,047 shares of the insurance provider's stock after selling 7,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Travelers Companies were worth $21,963,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC purchased a new position in Travelers Companies in the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the 4th quarter worth about $26,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies during the fourth quarter valued at about $30,000. Wood Tarver Financial Group LLC bought a new position in Travelers Companies during the fourth quarter valued at about $33,000. Finally, Generali Investments Management Co LLC purchased a new stake in Travelers Companies during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several research analyst reports. Evercore ISI raised their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. 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. UBS Group reduced their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $271.11.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the transaction, the insider now directly owns 255,086 shares of the company's stock, valued at approximately $70,021,107. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 262,329 shares in the company, valued at $71,820,433.62. The trade was a 11.91% 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. Company insiders own 1.46% of the company's stock.

Travelers Companies Trading Up 0.6%

Shares of TRV traded up $1.64 during mid-day trading on Monday, reaching $265.11. The company's stock had a trading volume of 1,324,264 shares, compared to its average volume of 1,289,070. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.83. The stock has a market cap of $59.88 billion, a PE ratio of 12.35, a P/E/G ratio of 4.65 and a beta of 0.53. The company's fifty day moving average price is $264.17 and its two-hundred day moving average price is $254.07. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the firm posted $4.69 earnings per share. On average, analysts predict 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.66%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

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.