Corient Private Wealth LLC Sells 12,251 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Corient Private Wealth LLC trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 270,619 shares of the insurance provider's stock after selling 12,251 shares during the quarter. Corient Private Wealth LLC owned about 0.12% of Travelers Companies worth $51,550,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. First Command Advisory Services Inc. acquired a new position in Travelers Companies during the third quarter valued at approximately $26,000. Northwest Financial Advisors acquired a new position in Travelers Companies during the fourth quarter valued at approximately $32,000. AM Squared Ltd lifted its position in Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock valued at $33,000 after buying an additional 100 shares in the last quarter. Private Wealth Management Group LLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $39,000. Finally, Valued Wealth Advisors LLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $40,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRV. Citigroup boosted their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. 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 research report on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an "underweight" rating in a research report on Monday, April 8th. JMP Securities reissued a "market perform" rating on shares of Travelers Companies in a research report on Friday, April 19th. Finally, Oppenheimer reissued a "market perform" rating on shares of Travelers Companies in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $222.65.

Travelers Companies Stock Performance

TRV stock traded up $0.29 during trading on Wednesday, hitting $216.54. 912,400 shares of the company's stock traded hands, compared to its average volume of 1,407,406. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The stock has a fifty day moving average price of $220.20 and a two-hundred day moving average price of $205.05. The stock has a market capitalization of $49.59 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the previous year, the firm earned $4.11 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.85 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced 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. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 1.94%. Travelers Companies's payout ratio is presently 29.72%.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares of the company's stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,635 shares of company stock worth $3,980,827. Insiders own 1.33% of the company's stock.

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.