Clearbridge Investments LLC Has $850.80 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Clearbridge Investments LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,466,371 shares of the insurance provider's stock after selling 109,388 shares during the quarter. Travelers Companies accounts for 0.7% of Clearbridge Investments LLC's holdings, making the stock its 25th biggest holding. Clearbridge Investments LLC owned approximately 1.96% of Travelers Companies worth $850,799,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the third quarter worth approximately $26,000. Northwest Financial Advisors bought a new stake in shares of Travelers Companies during the fourth quarter worth $32,000. AM Squared Ltd grew its holdings in shares of Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Private Wealth Management Group LLC bought a new position in shares of Travelers Companies in the fourth quarter worth about $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in Travelers Companies during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

TRV traded up $0.73 on Tuesday, reaching $216.33. 775,629 shares of the stock were exchanged, compared to its average volume of 1,412,454. 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's 50-day moving average price is $220.20 and its 200 day moving average price is $205.05. The firm has a market capitalization of $49.54 billion, a PE ratio of 16.07, a PEG ratio of 1.14 and a beta of 0.60. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75.

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 analysts' consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $10.62 billion. During the same quarter in the prior year, the company earned $4.11 EPS. Travelers Companies's quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.85 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's dividend payout ratio (DPR) is presently 29.72%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore ISI dropped their target price on shares of Travelers Companies from $253.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, April 18th. JMP Securities reaffirmed a "market perform" rating on shares of Travelers Companies in a research report on Friday, April 19th. Royal Bank of Canada dropped their price target on Travelers Companies from $230.00 to $225.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 18th. UBS Group decreased their price objective on Travelers Companies from $237.00 to $230.00 and set a "neutral" rating for the company in a report on Monday, April 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the company a "sell" rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $222.65.

Insider Activity

In other news, CFO Daniel S. Frey sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now owns 18,515 shares of the company's stock, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock valued at $3,980,827 in the last quarter. 1.33% of the stock is currently owned by company insiders.

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.