Goldman Sachs Group Inc. Sells 104,936 Shares of The Travelers Companies, Inc. $TRV

Goldman Sachs Group Inc. decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,611,301 shares of the insurance provider’s stock after selling 104,936 shares during the period. Goldman Sachs Group Inc.’s holdings in Travelers Companies were worth $467,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. lifted its position in 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 purchasing an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $28,000. Entrust Financial LLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $31,000. Navalign LLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $35,000. Finally, eCIO Inc. bought a new position in Travelers Companies during the fourth quarter valued at approximately $37,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.2%

Shares of TRV stock opened at $293.50 on Friday. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The stock has a market cap of $62.41 billion, a P/E ratio of 8.73, a P/E/G ratio of 2.61 and a beta of 0.48. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $298.79 and a two-hundred day simple moving average of $293.93.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, research analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is currently 14.88%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TRV. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Bank of America lowered their price objective on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research report on Tuesday, May 26th. Piper Sandler upped their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Barclays upped their target price on shares of Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $311.47.

Insider Transactions at Travelers Companies

In other news, insider Avrohom J. Kess sold 6,735 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 37,573 shares of company stock valued at $11,504,146. Company insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

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.