Sheaff Brock Investment Advisors LLC Sells 444 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Sheaff Brock Investment Advisors LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,875 shares of the insurance provider’s stock after selling 444 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Travelers Companies were worth $4,727,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TRV. Brighton Jones LLC increased its holdings in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in Travelers Companies in the 4th quarter valued at about $276,000. Loomis Sayles & Co. L P bought a new position in Travelers Companies in the 4th quarter valued at about $65,000. Pictet Asset Management Holding SA increased its holdings in Travelers Companies by 9.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 152,621 shares of the insurance provider’s stock valued at $36,765,000 after buying an additional 13,511 shares during the period. Finally, Orion Portfolio Solutions LLC increased its holdings in Travelers Companies by 2.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 18,658 shares of the insurance provider’s stock valued at $4,495,000 after buying an additional 514 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 0.3%

NYSE:TRV opened at $261.11 on Monday. The firm’s 50 day simple moving average is $265.46 and its 200 day simple moving average is $257.20. The company has a market cap of $58.78 billion, a PE ratio of 11.55, a P/E/G ratio of 3.09 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $206.43 and a one year high of $277.83.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. Travelers Companies’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.69%. Travelers Companies’s dividend payout ratio is currently 19.46%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an “equal weight” rating in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $275.56.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the sale, the insider owned 255,086 shares in the company, valued at approximately $70,021,107. The trade was a 0.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Avrohom J. Kess sold 23,434 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the sale, the insider owned 48,387 shares of the company’s stock, valued at $13,254,650.91. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,374 shares of company stock worth $47,929,912 in the last ninety days. 1.46% of the stock is currently owned by corporate 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.