GTS Securities LLC Has $288,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

GTS Securities LLC reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 61.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,194 shares of the insurance provider's stock after selling 1,906 shares during the period. GTS Securities LLC's holdings in Travelers Companies were worth $288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after acquiring an additional 2,466,098 shares in the last quarter. Norges Bank acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $560,918,000. Balyasny Asset Management L.P. lifted its holdings in Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after buying an additional 907,266 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $138,619,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $96,012,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

NYSE:TRV traded up $1.54 during midday trading on Friday, hitting $275.95. 2,689,910 shares of the stock were exchanged, compared to its average volume of 1,296,158. The company has a market capitalization of $62.52 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 4.65 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.65. The business has a 50-day moving average price of $261.47 and a two-hundred day moving average price of $253.63.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period last year, the firm earned $4.69 EPS. Sell-side 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 paid a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

Insider Buying and Selling

In other news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 26,932 shares in the company, valued at approximately $7,365,363.36. This represents a 42.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider now directly owns 48,387 shares in the company, valued at $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 in the last ninety days. 1.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on TRV shares. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. Barclays decreased their target price on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Evercore ISI increased their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $271.11.

Travelers Companies Profile

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.