Travelers Companies Inc (NYSE:TRV) Shares Sold by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC lessened its position in Travelers Companies Inc (NYSE:TRV) by 0.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,455 shares of the insurance provider’s stock after selling 187 shares during the period. Abner Herrman & Brock LLC’s holdings in Travelers Companies were worth $9,526,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. New Potomac Partners LLC grew its stake in Travelers Companies by 0.6% in the fourth quarter. New Potomac Partners LLC now owns 16,450 shares of the insurance provider’s stock valued at $1,970,000 after purchasing an additional 90 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Travelers Companies by 1.5% during the 4th quarter. Savant Capital LLC now owns 6,194 shares of the insurance provider’s stock worth $742,000 after acquiring an additional 91 shares in the last quarter. Level Four Advisory Services LLC boosted its stake in shares of Travelers Companies by 5.5% during the 4th quarter. Level Four Advisory Services LLC now owns 1,777 shares of the insurance provider’s stock worth $213,000 after acquiring an additional 92 shares in the last quarter. Sandy Spring Bank boosted its stake in shares of Travelers Companies by 4.7% during the 4th quarter. Sandy Spring Bank now owns 2,048 shares of the insurance provider’s stock worth $245,000 after acquiring an additional 92 shares in the last quarter. Finally, Ledyard National Bank boosted its stake in shares of Travelers Companies by 3.0% during the 4th quarter. Ledyard National Bank now owns 3,531 shares of the insurance provider’s stock worth $423,000 after acquiring an additional 103 shares in the last quarter. 80.29% of the stock is currently owned by institutional investors.

Several equities analysts have commented on TRV shares. UBS Group upped their price target on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Compass Point started coverage on shares of Travelers Companies in a research report on Tuesday, January 15th. They set a “buy” rating and a $155.00 price target on the stock. Barclays upgraded shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $135.00 to $145.00 in a research note on Wednesday, January 9th. Zacks Investment Research reiterated a “sell” rating on shares of Travelers Companies in a research note on Monday, December 31st. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $141.00 price objective on shares of Travelers Companies in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $139.00.

In related news, Vice Chairman William H. Heyman sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $133.55, for a total transaction of $467,425.00. Following the sale, the insider now directly owns 243,245 shares in the company, valued at approximately $32,485,369.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 8,323 shares of the stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $125.54, for a total value of $1,044,869.42. Following the sale, the insider now owns 239,744 shares in the company, valued at $30,097,461.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,894 shares of company stock valued at $15,566,097. Insiders own 0.80% of the company’s stock.

Shares of TRV traded down $0.93 during trading hours on Monday, reaching $136.79. 725,062 shares of the company traded hands, compared to its average volume of 1,392,930. The firm has a market capitalization of $35.69 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.05 and a beta of 1.07. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $138.99. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.15. The business had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $2.28 earnings per share. On average, research analysts forecast that Travelers Companies Inc will post 11.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $3.08 annualized dividend and a yield of 2.25%. Travelers Companies’s dividend payout ratio (DPR) is 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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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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