The Travelers Companies, Inc. $TRV Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. reduced its holdings in The Travelers Companies by 1.9%, owning 283,885 shares valued at approximately $75 million.
• The company announced a quarterly dividend of $1.10 per share, with a yield of 1.6%, to be paid on September 30th.
• Travelers Companies reported $6.51 earnings per share for the last quarter, surpassing estimates and showing a 7.4% revenue increase year-over-year.

Ameriprise Financial Inc. reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 283,885 shares of the insurance provider's stock after selling 5,419 shares during the period. Ameriprise Financial Inc. owned about 0.13% of Travelers Companies worth $75,075,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Bearing Point Capital LLC boosted its position in Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after buying an additional 38 shares during the last quarter. Forum Financial Management LP boosted its position in Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after buying an additional 39 shares during the last quarter. Y.D. More Investments Ltd boosted its position in Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after buying an additional 39 shares during the last quarter. Smith Salley Wealth Management boosted its position in Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after buying an additional 44 shares during the last quarter. Finally, Northern Financial Advisors Inc boosted its position in Travelers Companies by 0.7% in the 1st quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock valued at $1,739,000 after buying an additional 45 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were 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 $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $1.34 during trading hours on Friday, hitting $271.62. The stock had a trading volume of 681,010 shares, compared to its average volume of 1,184,954. The stock's fifty day simple moving average is $263.85 and its 200 day simple moving average is $261.09. The Travelers Companies, Inc. has a 1-year low of $222.21 and a 1-year high of $279.04. The firm has a market capitalization of $61.15 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 3.10 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating 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 analyst estimates of $11.02 billion. During the same quarter last year, the business earned $2.51 earnings per share. Travelers Companies's revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal 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 $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price 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. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $284.56.

Travelers Companies Company 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.