Spire Wealth Management reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 90.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,456 shares of the insurance provider's stock after selling 23,624 shares during the period. Spire Wealth Management's holdings in Travelers Companies were worth $649,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Yoffe Investment Management LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $1,202,000. Erste Asset Management GmbH boosted its holdings in shares of 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 buying an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Travelers Companies by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after buying an additional 47,985 shares in the last quarter. Portside Wealth Group LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $208,000. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of Travelers Companies by 50.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,918 shares of the insurance provider's stock valued at $772,000 after buying an additional 979 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
TRV has been the topic of a number of recent analyst reports. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research report on Wednesday, May 28th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. Evercore ISI increased their price objective 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 decreased their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $271.11.
Check Out Our Latest Stock Report on Travelers Companies
Insider Transactions at Travelers Companies
In other news, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 255,086 shares of the company's stock, valued at $70,021,107. This trade represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer now directly owns 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock valued at $44,868,201 in the last 90 days. 1.46% of the stock is currently owned by company insiders.
Travelers Companies Stock Performance
TRV traded up $0.26 during trading on Friday, reaching $263.21. 1,156,778 shares of the company's stock were exchanged, compared to its average volume of 1,284,000. The Travelers Companies, Inc. has a 1 year low of $200.40 and a 1 year high of $277.83. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $59.45 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 3.85 and a beta of 0.53. The company's fifty day simple moving average is $267.30 and its 200-day simple moving average is $254.56.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates 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 firm posted $4.69 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.
Travelers Companies Increases Dividend
The company also recently disclosed 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. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.67%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.
About Travelers Companies
(
Free Report)
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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