The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 396,235 shares of the insurance provider's stock after selling 26,200 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.17% of Travelers Companies worth $104,788,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Yoffe Investment Management LLC acquired a new position in Travelers Companies in the 4th quarter worth about $1,202,000. Erste Asset Management GmbH grew its stake in Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after acquiring an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Travelers Companies by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock worth $38,343,000 after acquiring an additional 47,985 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Travelers Companies by 16.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock worth $5,122,000 after purchasing an additional 3,046 shares during the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of Travelers Companies by 2.3% during the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider's stock valued at $16,065,000 after acquiring an additional 1,494 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies 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 completion of the sale, the chief executive officer now owns 262,329 shares of the company's stock, valued at $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer now owns 26,932 shares in the company, valued at $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 163,869 shares of company stock worth $44,868,201. Insiders own 1.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Barclays cut their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, UBS Group lowered their price objective on 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 equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $271.11.

Travelers Companies Price Performance

Shares of TRV traded up $2.36 during mid-day trading on Thursday, reaching $263.17. 1,212,748 shares of the company's stock were exchanged, compared to its average volume of 1,286,910. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83. The company has a market cap of $59.44 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 3.89 and a beta of 0.53. The company has a 50-day simple moving average of $267.01 and a two-hundred day simple moving average of $254.31.

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 (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same period last year, the company earned $4.69 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 1.67%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

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.