Trillium Asset Management LLC Sells 17,276 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Trillium Asset Management LLC has reduced its stake in The Travelers Companies by 9.8%, now holding approximately 159,190 shares worth about $42 million, making it the firm's 19th largest holding.
• The Travelers Companies reported $6.51 earnings per share in its latest quarter, significantly surpassing analyst expectations of $3.52, with revenues increasing by 7.4% year-over-year.
• The company announced a quarterly dividend of $1.10 per share, to be paid on September 30th, reflecting an annualized yield of 1.7%.

Trillium Asset Management LLC lessened its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,190 shares of the insurance provider's stock after selling 17,276 shares during the period. Travelers Companies comprises approximately 1.2% of Trillium Asset Management LLC's holdings, making the stock its 19th biggest holding. Trillium Asset Management LLC owned about 0.07% of Travelers Companies worth $42,100,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Cornerstone Planning Group LLC boosted its stake in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the 1st quarter valued at $26,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 15,180 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the transaction, the executive vice president owned 6,075 shares of the company's stock, valued at $1,657,685.25. This represents a 71.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president directly owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,374 shares of company stock worth $47,929,912. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TRV shares. Wells Fargo & Company lifted their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $280.00 to $274.00 in a report on Monday, July 7th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $284.56.

Travelers Companies Trading Down 1.1%

Shares of Travelers Companies stock traded down $3.02 during trading on Friday, hitting $265.57. 1,295,612 shares of the company were exchanged, compared to its average volume of 1,334,426. The firm has a market capitalization of $59.79 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $215.39 and a 1-year high of $277.83. The firm's fifty day moving average price is $262.58 and its 200 day moving average price is $259.17. 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 issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the firm earned $2.51 EPS. Travelers Companies's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies's dividend payout ratio is 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.