Eagle Rock Investment Company LLC trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 21.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,425 shares of the insurance provider's stock after selling 2,886 shares during the period. Eagle Rock Investment Company LLC's holdings in Travelers Companies were worth $2,757,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $26,000. Putney Financial Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $26,000. YANKCOM Partnership bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $30,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $33,000. 82.45% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider now directly owns 255,086 shares of the company's stock, valued at approximately $70,021,107. This represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul E. Munson sold 4,052 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.29, for a total transaction of $1,107,371.08. Following the completion of the sale, the senior vice president now directly owns 735 shares of the company's stock, valued at $200,868.15. The trade was a 84.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock worth $44,868,201 over the last 90 days. 1.46% of the stock is currently owned by company insiders.
Travelers Companies Trading Up 1.0%
Shares of TRV stock opened at $273.85 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83. The stock has a fifty day moving average of $262.55 and a two-hundred day moving average of $254.14. The firm has a market capitalization of $62.05 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.
Travelers Companies (NYSE:TRV - Get Free Report) last announced 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the previous year, the firm posted $4.69 EPS. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current 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 issued a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. Travelers Companies's dividend payout ratio is 23.95%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on TRV shares. Evercore ISI boosted their price target on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a report on Wednesday, May 28th. Wells Fargo & Company boosted their price target on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $271.11.
Get Our Latest Stock Report on Travelers Companies
Travelers Companies Company Profile
(
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.
Featured Articles
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Travelers Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelers Companies wasn't on the list.
While Travelers Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
