Sienna Gestion Has $9.20 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Sienna Gestion reduced its stake in The Travelers Companies by 11.7%, now holding 35,797 shares valued at approximately $9.2 million following the sale of 4,762 shares during the first quarter.
• Insider trading showed notable sales, with Avrohom J. Kess selling 23,434 shares and Maria Olivo selling 36,199 shares, leading to significant declines in their holdings.
• The Travelers Companies reported strong earnings, with $6.51 per share for the last quarter, surpassing analysts' estimates, and had a net revenue of $11.54 billion, marking a 7.4% increase year-over-year.

Sienna Gestion lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 35,797 shares of the insurance provider's stock after selling 4,762 shares during the period. Sienna Gestion's holdings in Travelers Companies were worth $9,202,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its position in Travelers Companies by 236.9% in the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after buying an additional 2,466,098 shares in the last quarter. GAMMA Investing LLC grew its position in Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after buying an additional 2,196,426 shares in the last quarter. Nuveen LLC bought a new position in Travelers Companies in the 1st quarter valued at about $294,755,000. Balyasny Asset Management L.P. grew its position in Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after buying an additional 907,266 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after buying an additional 390,104 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Citigroup began coverage on shares of Travelers Companies in a research report on Wednesday. They set a "neutral" rating and a $291.00 price objective for the company. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday. Finally, Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $284.56.

Travelers Companies Stock Down 1.1%

Shares of NYSE TRV traded down $3.02 during mid-day trading on Friday, reaching $265.57. The company had a trading volume of 1,295,665 shares, compared to its average volume of 1,253,062. The stock has a fifty day moving average of $262.41 and a two-hundred day moving average of $259.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $59.79 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a 12-month low of $215.39 and a 12-month high of $277.83.

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

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Insider Activity

In related news, insider Avrohom J. Kess sold 23,434 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction that occurred on 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 directly owned 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is currently owned by company 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.