Siemens Fonds Invest GmbH Has $1.38 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Siemens Fonds Invest GmbH cut its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 51.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,719 shares of the insurance provider's stock after selling 6,132 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Travelers Companies were worth $1,378,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Park Square Financial Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth $49,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter worth $418,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Travelers Companies in the fourth quarter worth $66,490,000. Yoffe Investment Management LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth $960,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth $928,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRV. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Barclays reduced their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research 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 target on the stock. in a research report on Monday, March 24th. 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 report on Thursday, April 17th. Finally, UBS Group cut their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $271.11.

Travelers Companies Stock Up 0.6%

Shares of TRV traded up $1.54 during mid-day trading on Friday, hitting $275.95. 2,689,910 shares of the company's stock were exchanged, compared to its average volume of 1,299,454. The company has a market cap of $62.52 billion, a PE ratio of 12.85, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.61. The company has a 50-day simple moving average of $261.47 and a 200 day simple moving average of $253.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued 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 company had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period last year, the business earned $4.69 EPS. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. 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 1.59%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $71,820,433.62. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction on 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 $70,021,107. This represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock valued at $44,868,201 in the last ninety days. 1.46% of the stock is currently owned by corporate insiders.

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.