The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by SlateStone Wealth LLC

SlateStone Wealth LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the 4th quarter, HoldingsChannel reports. The firm owned 4,243 shares of the insurance provider’s stock after selling 58 shares during the period. SlateStone Wealth LLC’s holdings in Travelers Companies were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TRV. First Command Advisory Services Inc. purchased a new position in shares of Travelers Companies in the 3rd quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new position in shares of Travelers Companies in the 3rd quarter valued at approximately $27,000. AM Squared Ltd grew its stake in shares of Travelers Companies by 100.0% in the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $40,000. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $41,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Jefferies Financial Group lowered their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday. Raymond James lifted their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research note on Friday. Finally, The Goldman Sachs Group lifted their price target on 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, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $223.47.

Travelers Companies Price Performance

TRV traded down $0.29 during trading on Tuesday, reaching $213.98. 430,651 shares of the stock were exchanged, compared to its average volume of 1,491,836. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a market capitalization of $49.00 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.12 and a beta of 0.58. The business’s 50 day moving average price is $221.78 and its two-hundred day moving average price is $197.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period last year, the firm earned $4.11 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.66 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. Travelers Companies’s payout ratio is 29.72%.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,553 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the completion of the transaction, the executive vice president now owns 103,443 shares of the company’s stock, valued at $22,026,117.99. The disclosure for this sale can be found here. Insiders sold a total of 68,734 shares of company stock valued at $14,637,364 over the last three months. 1.33% of the stock is currently owned by insiders.

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.