The Travelers Companies, Inc. $TRV Shares Sold by Azimuth Capital Investment Management LLC

Key Points

• Azimuth Capital Investment Management LLC has reduced its stake in The Travelers Companies by 9.5%, now holding 10,139 shares valued at approximately $2.68 million.
• Insiders have sold a total of 175,374 shares recently, leading to a 32.63% decrease in ownership for insider Avrohom J. Kess, who still holds shares valued at around $13.25 million.
• Travelers Companies reported $6.51 earnings per share for the last quarter, surpassing estimates, with a revenue of $11.54 billion, indicating a 7.4% year-over-year increase.

Azimuth Capital Investment Management LLC decreased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,139 shares of the insurance provider's stock after selling 1,065 shares during the period. Azimuth Capital Investment Management LLC's holdings in Travelers Companies were worth $2,681,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TRV. Brighton Jones LLC boosted its holdings in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $276,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Travelers Companies by 3.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 24,174 shares of the insurance provider's stock valued at $5,823,000 after buying an additional 735 shares in the last quarter. Mariner LLC raised its position in Travelers Companies by 19.3% in the 4th quarter. Mariner LLC now owns 58,442 shares of the insurance provider's stock valued at $14,078,000 after purchasing an additional 9,465 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in Travelers Companies by 9.4% in the 4th quarter. NewEdge Advisors LLC now owns 31,577 shares of the insurance provider's stock valued at $7,607,000 after purchasing an additional 2,710 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the transaction, the chief financial officer directly owned 26,932 shares of the company's stock, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer directly owned 262,329 shares in the company, valued at $71,820,433.62. This represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,374 shares of company stock worth $47,929,912. Company insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

Travelers Companies stock traded up $3.8130 during trading hours on Tuesday, reaching $268.7330. 1,354,133 shares of the stock were exchanged, compared to its average volume of 1,335,213. 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 Travelers Companies, Inc. has a 52-week low of $215.39 and a 52-week high of $277.83. The stock has a market cap of $60.50 billion, a P/E ratio of 11.89, a P/E/G ratio of 3.05 and a beta of 0.51. The firm's 50 day moving average is $262.36 and its 200 day moving average is $259.57.

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 for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the prior year, the company posted $2.51 EPS. The business's revenue for the quarter was up 7.4% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio is 19.46%.

Wall Street Analyst Weigh In

Several research firms recently commented on TRV. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company upped their price target 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, August 13th. They issued a "neutral" rating and a $291.00 price target for the company. Finally, Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $280.00 to $274.00 in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $284.56.

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.