Victory Capital Management Inc. Has $28.05 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Victory Capital Management Inc. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,048 shares of the insurance provider's stock after selling 4,158 shares during the quarter. Victory Capital Management Inc.'s holdings in Travelers Companies were worth $28,045,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies during the fourth quarter worth about $276,000. Proficio Capital Partners LLC bought a new position in Travelers Companies during the fourth quarter worth about $399,000. Thrivent Financial for Lutherans boosted its position in Travelers Companies by 1.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 17,331 shares of the insurance provider's stock worth $4,268,000 after purchasing an additional 323 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Travelers Companies by 5.9% in the fourth quarter. American Century Companies Inc. now owns 377,482 shares of the insurance provider's stock valued at $90,932,000 after acquiring an additional 21,194 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Avrohom J. Kess sold 23,434 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the transaction, the insider directly owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. The trade was a 32.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 9,044 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.17, for a total value of $2,479,593.48. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company's stock, valued at $9,222,530.46. The trade was a 21.19% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,869 shares of company stock worth $44,868,201. Corporate insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on TRV shares. UBS Group lifted their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average price target of $275.56.

Travelers Companies Trading Down 1.1%

Shares of TRV stock opened at $263.08 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $59.42 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.82 and a beta of 0.51. The stock has a 50 day simple moving average of $265.92 and a 200-day simple moving average of $256.46. The Travelers Companies, Inc. has a 1-year low of $203.21 and a 1-year high of $277.83.

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 for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $11.02 billion. During the same period in the prior year, the business posted $2.51 EPS. The company's revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced 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 of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

About Travelers Companies

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.

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