Lodestar Investment Counsel LLC IL Reduces Holdings in Travelers Companies Inc (NYSE:TRV)

Lodestar Investment Counsel LLC IL cut its stake in Travelers Companies Inc (NYSE:TRV) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,896 shares of the insurance provider’s stock after selling 225 shares during the period. Lodestar Investment Counsel LLC IL’s holdings in Travelers Companies were worth $9,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Potomac Partners LLC raised its holdings 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 buying an additional 90 shares during the period. Savant Capital LLC raised its stake in shares of Travelers Companies by 1.5% during the fourth quarter. Savant Capital LLC now owns 6,194 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 91 shares during the period. Level Four Advisory Services LLC raised its stake in shares of Travelers Companies by 5.5% during the fourth quarter. Level Four Advisory Services LLC now owns 1,777 shares of the insurance provider’s stock valued at $213,000 after purchasing an additional 92 shares during the period. Sandy Spring Bank raised its stake in shares of Travelers Companies by 4.7% during the fourth quarter. Sandy Spring Bank now owns 2,048 shares of the insurance provider’s stock valued at $245,000 after purchasing an additional 92 shares during the period. Finally, Ledyard National Bank raised its stake in shares of Travelers Companies by 3.0% during the fourth quarter. Ledyard National Bank now owns 3,531 shares of the insurance provider’s stock valued at $423,000 after purchasing an additional 103 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on TRV shares. Credit Suisse Group reiterated a “neutral” rating on shares of Travelers Companies in a research note on Wednesday, January 23rd. Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price objective on the stock in a research note on Tuesday, March 26th. MKM Partners lifted their price objective on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Barclays lifted their price objective on shares of Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Wells Fargo & Co set a $130.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $140.58.

Shares of NYSE:TRV opened at $143.35 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $37.54 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.30 and a beta of 1.08. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $144.22.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.94 billion. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. Equities research analysts predict that Travelers Companies Inc will post 11.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s payout ratio is 34.45%.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 8,138 shares of Travelers Companies stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $130.57, for a total value of $1,062,578.66. Following the completion of the transaction, the insider now owns 239,745 shares of the company’s stock, valued at $31,303,504.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 66,228 shares of Travelers Companies stock in a transaction on Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the completion of the transaction, the chief executive officer now directly owns 134,252 shares of the company’s stock, valued at approximately $17,750,799.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 200,581 shares of company stock valued at $27,017,867. Insiders own 0.73% of the company’s stock.

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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.

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

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