The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by PGGM Investments

PGGM Investments lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,741 shares of the insurance provider’s stock after selling 2,202 shares during the period. PGGM Investments’ holdings in Travelers Companies were worth $7,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its holdings in shares of Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after buying an additional 623,974 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Travelers Companies by 0.9% in the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after buying an additional 29,989 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Travelers Companies by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after buying an additional 95,153 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Travelers Companies by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,810 shares of the insurance provider’s stock valued at $227,950,000 after buying an additional 5,584 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of Travelers Companies by 7.2% in the 3rd quarter. Hsbc Holdings PLC now owns 989,962 shares of the insurance provider’s stock valued at $162,157,000 after buying an additional 66,508 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders sold a total of 80,734 shares of company stock worth $17,208,404 over the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. UBS Group reduced their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Keefe, Bruyette & Woods reduced their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $223.47.

Travelers Companies Price Performance

NYSE:TRV traded down $0.54 during mid-day trading on Friday, hitting $213.45. 1,706,046 shares of the company’s stock traded hands, compared to its average volume of 1,389,936. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50 day simple moving average is $221.50 and its 200 day simple moving average is $198.66. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a market cap of $48.88 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.11 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.74 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies’s payout ratio is 29.72%.

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.