Nixon Peabody Trust Co. Sells 3,802 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Nixon Peabody Trust Co. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 44.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,701 shares of the insurance provider’s stock after selling 3,802 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Travelers Companies were worth $895,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TRV. First Command Advisory Services Inc. bought a new position in Travelers Companies during the third quarter worth $26,000. Northwest Financial Advisors bought a new stake in Travelers Companies in the 4th quarter worth about $32,000. AM Squared Ltd boosted its holdings 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 worth $33,000 after buying an additional 100 shares during the last quarter. Private Wealth Management Group LLC bought a new position in Travelers Companies during the fourth quarter valued at $39,000. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $40,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated 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 owns 6,075 shares in the company, valued at $1,298,106. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction 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 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 18,635 shares of company stock worth $3,980,827 in the last three months. 1.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. HSBC lifted their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Citigroup raised their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Keefe, Bruyette & Woods decreased their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. UBS Group lowered their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $222.65.

Travelers Companies Stock Performance

TRV traded up $1.09 during mid-day trading on Friday, reaching $213.33. 633,381 shares of the company traded hands, compared to its average volume of 1,395,379. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company’s fifty day moving average price is $219.88 and its 200-day moving average price is $205.18. 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 stock has a market capitalization of $48.85 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.12 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for 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 for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.11 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.85 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.97%. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Travelers Companies Company 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.