Exchange Traded Concepts LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 79.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 816 shares of the insurance provider's stock after selling 3,086 shares during the period. Exchange Traded Concepts LLC's holdings in Travelers Companies were worth $216,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Brighton Jones LLC grew its holdings in Travelers Companies by 13.4% during 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 during the last quarter. Revolve Wealth Partners LLC purchased a new position in Travelers Companies in the fourth quarter valued at about $276,000. Venturi Wealth Management LLC grew its stake in shares of Travelers Companies by 63.3% during the fourth quarter. Venturi Wealth Management LLC now owns 508 shares of the insurance provider's stock valued at $122,000 after acquiring an additional 197 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Travelers Companies by 2.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 3,602 shares of the insurance provider's stock valued at $868,000 after acquiring an additional 77 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Travelers Companies by 1.4% in the fourth quarter. First Horizon Advisors Inc. now owns 145,177 shares of the insurance provider's stock worth $34,972,000 after purchasing an additional 2,068 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Travelers Companies
In related news, EVP Mojgan M. Lefebvre sold 6,149 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.71, for a total transaction of $1,683,042.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction on 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 now owns 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is currently owned by insiders.
Travelers Companies Stock Performance
Shares of TRV traded down $1.23 during trading hours on Tuesday, reaching $266.39. 1,116,977 shares of the company traded hands, compared to its average volume of 1,286,688. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $60.17 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 3.91 and a beta of 0.53. The stock's fifty day moving average is $266.53 and its 200 day moving average is $254.18.
Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the prior year, the firm earned $4.69 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.
Travelers Companies Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.65%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.
Wall Street Analyst Weigh In
TRV has been the subject of a number of research reports. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company upped 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. Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus price target of $271.11.
Get Our Latest Analysis on TRV
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.
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