The Travelers Companies, Inc. (NYSE:TRV) Position Reduced by Sawyer & Company Inc

Sawyer & Company Inc cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,623 shares of the insurance provider's stock after selling 1,406 shares during the quarter. Travelers Companies accounts for 1.9% of Sawyer & Company Inc's portfolio, making the stock its 16th largest position. Sawyer & Company Inc's holdings in Travelers Companies were worth $4,661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TRV. Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 2,466,098 shares during the period. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $560,918,000. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of 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 purchasing an additional 907,266 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $138,619,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on TRV shares. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Barclays dropped their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. UBS Group dropped their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Evercore ISI increased their price objective on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $271.11.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value 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 trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the transaction, the executive vice president now directly owns 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by company insiders.

Travelers Companies Trading Up 0.1%

Shares of TRV stock opened at $265.06 on Friday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $277.83. 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 business's 50 day moving average is $266.19 and its two-hundred day moving average is $254.25. The company has a market cap of $59.87 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53.

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

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend 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 currently 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.

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