The Travelers Companies, Inc. $TRV is Mccarter Private Wealth Services LLC's 6th Largest Position

Key Points

• Mccarter Private Wealth Services LLC has decreased its stake in The Travelers Companies by 8.9%, now holding 19,554 shares worth approximately $5.17 million, making it their 6th largest position.
• A variety of institutional investors have made significant changes to their holdings in Travelers Companies, including Cornerstone Planning Group, which increased its position by 700% during the first quarter.
• The company reported earnings per share of $6.51 for the last quarter, significantly exceeding analysts' expectations of $3.52, while also declaring a quarterly dividend of $1.10 per share.

Mccarter Private Wealth Services LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,554 shares of the insurance provider's stock after selling 1,899 shares during the period. Travelers Companies accounts for 3.4% of Mccarter Private Wealth Services LLC's holdings, making the stock its 6th biggest position. Mccarter Private Wealth Services LLC's holdings in Travelers Companies were worth $5,171,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TRV. Cornerstone Planning Group LLC lifted its position in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies in the first quarter worth $26,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Travelers Companies in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Citigroup assumed coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $284.56.

Insider Activity at Travelers Companies

In other news, EVP Maria Olivo sold 36,199 shares of the 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 directly owned 118,116 shares in the company, valued at $32,387,407.20. This represents a 23.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $47,929,912 over the last three months. Company insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $274.9280 on Friday. The Travelers Companies, Inc. has a 12-month low of $216.18 and a 12-month high of $277.83. The stock has a market capitalization of $61.90 billion, a P/E ratio of 12.16, a P/E/G ratio of 3.15 and a beta of 0.51. The firm's 50-day moving average is $262.92 and its two-hundred day moving average is $259.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same period last year, the company earned $2.51 EPS. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

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

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.

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.