Patton Fund Management Inc. Sells 4,977 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Patton Fund Management Inc. lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 22.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,915 shares of the insurance provider's stock after selling 4,977 shares during the quarter. Patton Fund Management Inc.'s holdings in Travelers Companies were worth $4,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after acquiring an additional 41 shares during the period. Lake Street Advisors Group LLC increased its position in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after acquiring an additional 46 shares during the period. EverSource Wealth Advisors LLC raised its stake in Travelers Companies by 7.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock valued at $173,000 after buying an additional 47 shares in the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Travelers Companies by 5.4% in the 4th quarter. Valmark Advisers Inc. now owns 940 shares of the insurance provider's stock valued at $226,000 after buying an additional 48 shares in the last quarter. Finally, JT Stratford LLC grew its stake in Travelers Companies by 0.8% during the 4th quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after buying an additional 49 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Finally, Evercore ISI upped their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $271.11.

Travelers Companies Stock Up 0.2%

Shares of NYSE TRV traded up $0.52 during mid-day trading on Wednesday, reaching $264.93. 1,166,628 shares of the company traded hands, compared to its average volume of 1,288,850. The company's fifty day moving average is $265.06 and its two-hundred day moving average is $254.14. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $277.83. The stock has a market cap of $59.84 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same quarter last year, the company posted $4.69 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

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

Insider Activity

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider now directly owns 48,387 shares in the company, valued at $13,254,650.91. This trade represents a 32.63% decrease in their position. The transaction was disclosed in a document filed 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 dated 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 transaction, the chief executive officer now directly owns 262,329 shares of the company's stock, valued at $71,820,433.62. This represents a 11.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by insiders.

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.