Stockman Wealth Management Inc. reduced its stake in shares of Travelers Companies Inc (NYSE:TRV) by 5.5% in the 1st quarter, Holdings Channel reports. The firm owned 1,902 shares of the insurance provider’s stock after selling 110 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Travelers Companies were worth $261,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. MinichMacGregor Wealth Management LLC raised its position in shares of Travelers Companies by 2,427.3% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 11,575 shares of the insurance provider’s stock worth $1,418,000 after purchasing an additional 11,117 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Travelers Companies by 10.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 103,297 shares of the insurance provider’s stock worth $12,371,000 after acquiring an additional 10,145 shares during the period. Lodestar Investment Counsel LLC IL grew its stake in Travelers Companies by 1.9% in the 4th quarter. Lodestar Investment Counsel LLC IL now owns 70,121 shares of the insurance provider’s stock worth $8,397,000 after acquiring an additional 1,275 shares during the period. Nachman Norwood & Parrott Inc purchased a new stake in Travelers Companies in the 4th quarter worth approximately $300,000. Finally, Garner Asset Management Corp grew its stake in Travelers Companies by 28.7% in the 4th quarter. Garner Asset Management Corp now owns 12,008 shares of the insurance provider’s stock worth $1,438,000 after acquiring an additional 2,678 shares during the period. Hedge funds and other institutional investors own 80.56% of the company’s stock.
In other news, CEO Alan D. Schnitzer sold 66,228 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the completion of the sale, the chief executive officer now directly owns 134,252 shares of the company’s stock, valued at approximately $17,750,799.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the sale, the insider now directly owns 241,745 shares of the company’s stock, valued at $33,844,300. The disclosure for this sale can be found here. Insiders have sold a total of 289,026 shares of company stock valued at $40,056,119 over the last three months. Corporate insiders own 0.73% of the company’s stock.
Several analysts have commented on the stock. UBS Group lifted their target price on shares of Travelers Companies from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Zacks Investment Research cut shares of Travelers Companies from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Morgan Stanley lifted their target price on shares of Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Wells Fargo & Co set a $130.00 target price on shares of Travelers Companies and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $140.58.
Shares of NYSE TRV traded up $0.62 during trading on Friday, hitting $148.03. 32,404 shares of the company traded hands, compared to its average volume of 1,187,649. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $148.27. The stock has a market capitalization of $38.61 billion, a PE ratio of 16.58, a P/E/G ratio of 1.33 and a beta of 1.08. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.94 billion. During the same period in the previous year, the company earned $2.46 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts expect that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a dividend yield of 2.22%. Travelers Companies’s payout ratio is currently 34.45%.
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Travelers Companies Profile
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.
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