Vontobel Holding Ltd. Sells 8,266 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Vontobel Holding Ltd. lowered its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,251 shares of the insurance provider's stock after selling 8,266 shares during the quarter. Vontobel Holding Ltd.'s holdings in Travelers Companies were worth $24,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smith Salley Wealth Management grew its stake in Travelers Companies by 0.6% during the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after purchasing an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Travelers Companies by 7.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock valued at $173,000 after acquiring an additional 47 shares during the last quarter. JT Stratford LLC increased its position in shares of Travelers Companies by 0.8% in the 4th quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after purchasing an additional 49 shares during the last quarter. Trifecta Capital Advisors LLC raised its stake in shares of Travelers Companies by 13.4% in the 1st quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock valued at $112,000 after purchasing an additional 50 shares in the last quarter. Finally, Wolff Wiese Magana LLC grew its stake in Travelers Companies by 32.5% in the first quarter. Wolff Wiese Magana LLC now owns 212 shares of the insurance provider's stock worth $56,000 after purchasing an additional 52 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the transaction, the insider owned 255,086 shares of the company's stock, valued at $70,021,107. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 9,044 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.17, for a total transaction 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. In the last ninety days, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a report on Monday, March 24th. UBS Group reduced their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $271.11.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $10.08 during mid-day trading on Wednesday, reaching $256.92. 1,375,345 shares of the stock were exchanged, compared to its average volume of 1,284,017. The Travelers Companies, Inc. has a fifty-two week low of $200.40 and a fifty-two week high of $277.83. The company has a market cap of $58.03 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 3.91 and a beta of 0.51. The firm has a 50-day simple moving average of $267.76 and a 200 day simple moving average of $254.87. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period in the prior year, the company earned $4.69 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

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.