Talbot Financial LLC Sells 29,035 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Talbot Financial LLC cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 43.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,708 shares of the insurance provider's stock after selling 29,035 shares during the quarter. Talbot Financial LLC's holdings in Travelers Companies were worth $9,972,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Putney Financial Group LLC bought a new position in Travelers Companies during the 4th quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the fourth quarter valued at about $26,000. YANKCOM Partnership bought a new stake in shares of Travelers Companies in the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda bought a new stake in Travelers Companies during the fourth quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $33,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the sale, the chief executive officer now directly owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president now directly owns 118,116 shares of the company's stock, valued at $32,387,407.20. This represents a 23.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,869 shares of company stock valued at $44,868,201. Insiders own 1.46% of the company's stock.

Travelers Companies Trading Down 0.0%

NYSE TRV traded down $0.12 on Thursday, hitting $271.75. 343,507 shares of the stock were exchanged, compared to its average volume of 1,289,038. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $61.57 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 4.65 and a beta of 0.53. The company's 50-day moving average price is $262.24 and its two-hundred day moving average price is $253.98.

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 for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the prior year, the business posted $4.69 earnings per share. Research 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. Investors of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is presently 23.95%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRV. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Barclays reduced their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company upped their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Finally, HSBC cut 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. Three 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. According to data from MarketBeat.com, the stock 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.