Northwestern Mutual Wealth Management Co. Reduces Position in The Travelers Companies, Inc. $TRV

Northwestern Mutual Wealth Management Co. cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 52.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,691 shares of the insurance provider’s stock after selling 16,339 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Travelers Companies were worth $4,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Osterweis Capital Management Inc. boosted its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $28,000. Navalign LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $35,000. eCIO Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $37,000. Finally, Optima Capital LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $38,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider directly owned 259,590 shares of the company’s stock, valued at $80,639,037.60. The trade was a 0.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.77, for a total value of $3,037,700.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,707,621.25. The trade was a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,573 shares of company stock worth $8,427,646. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Up 0.1%

Shares of NYSE:TRV opened at $306.67 on Monday. The stock has a market capitalization of $65.21 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 2.76 and a beta of 0.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50-day simple moving average is $299.45 and its two-hundred day simple moving average is $293.05. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period last year, the firm posted $1.91 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 13.09%.

Analyst Ratings Changes

TRV has been the topic of several recent analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. BMO Capital Markets raised their target price on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Finally, Cantor Fitzgerald raised their target price on Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $309.13.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.