The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Wealth Quarterback LLC

Wealth Quarterback LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 837 shares of the insurance provider’s stock after selling 125 shares during the quarter. Wealth Quarterback LLC’s holdings in Travelers Companies were worth $202,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after acquiring an additional 120,228 shares in the last quarter. FMR LLC raised its holdings in shares of Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. Geode Capital Management LLC lifted its position in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after buying an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Travelers Companies by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after buying an additional 10,285 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Travelers Companies by 4.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock valued at $254,169,000 after buying an additional 41,683 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.33% of the stock is currently owned by insiders.

Travelers Companies Price Performance

NYSE TRV opened at $238.25 on Monday. The company has a market cap of $54.09 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $242.76 and a 200 day simple moving average of $240.94.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $7.01 earnings per share. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 20.57 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. UBS Group boosted their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Roth Mkm upped their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $260.47.

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.