The Travelers Companies, Inc. $TRV Position Trimmed by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lessened its position in The Travelers Companies, Inc. (NYSE:TRV) by 20.1% in the 4th quarter, Holdings Channel reports. The fund owned 10,888 shares of the insurance provider’s stock after selling 2,745 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Travelers Companies were worth $3,158,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after acquiring an additional 110,311 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Travelers Companies by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after acquiring an additional 119,481 shares in the last quarter. Norges Bank purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $723,339,000. AQR Capital Management LLC lifted its position in shares of Travelers Companies by 22.8% in the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after acquiring an additional 331,170 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after acquiring an additional 89,159 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, EVP Diane Kurtzman sold 2,867 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 over the last quarter. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV opened at $300.03 on Wednesday. The company’s fifty day moving average is $299.45 and its 200-day moving average is $294.24. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The firm has a market cap of $63.80 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.68 and a beta of 0.48. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

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

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.09%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Evercore restated an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Barclays increased their target price on shares of Travelers Companies from $312.00 to $331.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Bank of America cut their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $311.47.

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.