Los Angeles Capital Management LLC Reduces Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Los Angeles Capital Management LLC lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 88.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,220 shares of the insurance provider's stock after selling 112,610 shares during the quarter. Los Angeles Capital Management LLC's holdings in Travelers Companies were worth $2,899,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in Travelers Companies during the 3rd quarter worth approximately $26,000. AM Squared Ltd boosted its stake in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in Travelers Companies during the 4th quarter worth approximately $40,000. OLD Second National Bank of Aurora acquired a new stake in Travelers Companies during the 4th quarter worth approximately $41,000. Finally, Operose Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. JMP Securities restated a "market perform" rating on shares of Travelers Companies in a report on Friday, April 19th. The Goldman Sachs Group boosted their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a "sell" rating in a report on Friday, April 12th. TD Cowen lowered their target price on shares of Travelers Companies from $261.00 to $252.00 and set a "buy" rating on the stock in a report on Tuesday, April 23rd. Finally, HSBC boosted their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a "hold" rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $223.47.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock valued at $3,980,827 over the last quarter. 1.33% of the stock is owned by company insiders.

Travelers Companies Price Performance

TRV stock traded up $1.06 during midday trading on Tuesday, reaching $216.97. The company had a trading volume of 581,778 shares, compared to its average volume of 1,462,497. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market capitalization of $49.68 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The stock has a 50 day moving average price of $220.74 and a 200-day moving average price of $200.95.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm's revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.94%. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's dividend payout ratio is currently 29.72%.

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.