Advisor Group Inc. cut its position in shares of Travelers Companies Inc (NYSE:TRV) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,213 shares of the insurance provider’s stock after selling 8,013 shares during the quarter. Advisor Group Inc.’s holdings in Travelers Companies were worth $3,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BerganKDV Wealth Management LLC grew its holdings in shares of Travelers Companies by 3.5% during the fourth quarter. BerganKDV Wealth Management LLC now owns 10,951 shares of the insurance provider’s stock worth $1,485,000 after buying an additional 375 shares in the last quarter. Afam Capital Inc. grew its holdings in shares of Travelers Companies by 2.0% during the third quarter. Afam Capital Inc. now owns 19,280 shares of the insurance provider’s stock worth $2,362,000 after buying an additional 383 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Travelers Companies by 14.3% during the fourth quarter. Private Trust Co. NA now owns 3,100 shares of the insurance provider’s stock worth $420,000 after buying an additional 387 shares in the last quarter. FDx Advisors Inc. grew its holdings in shares of Travelers Companies by 2.6% during the fourth quarter. FDx Advisors Inc. now owns 15,071 shares of the insurance provider’s stock worth $2,044,000 after buying an additional 389 shares in the last quarter. Finally, First Allied Advisory Services Inc. grew its holdings in shares of Travelers Companies by 2.2% during the third quarter. First Allied Advisory Services Inc. now owns 19,025 shares of the insurance provider’s stock worth $2,339,000 after buying an additional 411 shares in the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

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TRV has been the subject of a number of recent research reports. Bank of America upgraded shares of Travelers Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Wells Fargo & Co reiterated a “market perform” rating and set a $142.00 price target on shares of Travelers Companies in a report on Tuesday, January 23rd. Atlantic Securities upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price target for the company in a report on Friday, January 26th. Credit Suisse Group lifted their price target on shares of Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target for the company in a report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Travelers Companies has a consensus rating of “Hold” and a consensus target price of $137.20.

Shares of Travelers Companies Inc (TRV) opened at $140.69 on Wednesday. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $150.55. The stock has a market cap of $38,190.00, a P/E ratio of 18.08, a P/E/G ratio of 1.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.39 and a quick ratio of 0.39.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $3.20 earnings per share. equities analysts anticipate that Travelers Companies Inc will post 10.59 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be given a dividend of $0.72 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.05%. Travelers Companies’s dividend payout ratio (DPR) is 37.02%.

In other Travelers Companies news, COO Brian W. Maclean sold 88,607 shares of Travelers Companies stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $149.29, for a total transaction of $13,228,139.03. Following the transaction, the chief operating officer now directly owns 211,293 shares of the company’s stock, valued at $31,543,931.97. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 2,022 shares of Travelers Companies stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $140.37, for a total transaction of $283,828.14. Following the transaction, the insider now directly owns 242,244 shares in the company, valued at $34,003,790.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,727 shares of company stock worth $26,828,165. 0.82% of the stock is currently owned by corporate insiders.

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About Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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