Whittier Trust Co. Sells 570 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Whittier Trust Co. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the first quarter, HoldingsChannel reports. The firm owned 55,868 shares of the insurance provider’s stock after selling 570 shares during the quarter. Whittier Trust Co.’s holdings in Travelers Companies were worth $14,774,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth $276,000. Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth $399,000. EverSource Wealth Advisors LLC boosted its position in shares of Travelers Companies by 7.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 47 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth $725,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the transaction, the insider directly owned 48,387 shares in the company, valued at approximately $13,254,650.91. The trade was a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock valued at $44,868,201 over the last ninety days. Company insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research reports. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 28th. Finally, Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $271.00.

Travelers Companies Stock Up 0.4%

Shares of NYSE TRV opened at $255.46 on Tuesday. The firm has a market cap of $57.70 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.73 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 52-week low of $202.95 and a 52-week high of $277.83. The business’s 50 day moving average is $266.86 and its two-hundred day moving average is $255.98.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the previous year, the company earned $4.69 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.72%. The ex-dividend date was Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is 23.95%.

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.