Summit Trail Advisors LLC Has $238,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Summit Trail Advisors LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,251 shares of the insurance provider’s stock after selling 86 shares during the quarter. Summit Trail Advisors LLC’s holdings in Travelers Companies were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its position in Travelers Companies by 124.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after purchasing an additional 7,649 shares during the last quarter. Worth Asset Management LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at $2,201,000. Nordea Investment Management AB increased its holdings in Travelers Companies by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after buying an additional 16,580 shares during the last quarter. DNB Asset Management AS raised its position in Travelers Companies by 53.5% during the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after acquiring an additional 24,230 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Travelers Companies by 25.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 92,045 shares of the insurance provider’s stock valued at $17,534,000 after acquiring an additional 18,485 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’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 sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was 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 directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TRV shares. Evercore ISI lowered their price objective 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. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Citigroup increased their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. HSBC lifted 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. Finally, Morgan Stanley increased their price target 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $223.47.

Travelers Companies Trading Up 0.2 %

Shares of TRV stock opened at $217.34 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a market cap of $49.77 billion, a PE ratio of 16.15, a P/E/G ratio of 1.11 and a beta of 0.60. The stock’s fifty day moving average price is $220.64 and its two-hundred day moving average price is $201.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.11 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 17.71 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. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a yield of 1.93%. Travelers Companies’s dividend payout ratio is presently 29.72%.

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.