Tradition Capital Management LLC Has $227,000 Holdings in Travelers Companies Inc (TRV)

Tradition Capital Management LLC cut its holdings in Travelers Companies Inc (NYSE:TRV) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,655 shares of the insurance provider’s stock after selling 100 shares during the quarter. Tradition Capital Management LLC’s holdings in Travelers Companies were worth $227,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc grew its stake in Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock worth $2,863,326,000 after buying an additional 65,931 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Travelers Companies by 113.9% in the 4th quarter. DNB Asset Management AS now owns 73,432 shares of the insurance provider’s stock valued at $8,793,000 after purchasing an additional 39,101 shares in the last quarter. Stock Yards Bank & Trust Co. boosted its stake in shares of Travelers Companies by 21.9% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 4,006 shares of the insurance provider’s stock valued at $480,000 after purchasing an additional 720 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $66,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Travelers Companies by 18.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,184 shares of the insurance provider’s stock valued at $620,000 after purchasing an additional 812 shares in the last quarter. 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 company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $132.22, for a total value of $8,756,666.16. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $143.02, for a total transaction of $3,575,500.00. Following the completion of the sale, the executive vice president now directly owns 38,219 shares in the company, valued at $5,466,081.38. The disclosure for this sale can be found here. Insiders sold a total of 299,931 shares of company stock worth $41,245,380 over the last ninety days. Insiders own 0.73% of the company’s stock.

A number of brokerages have recently issued reports on TRV. UBS Group upped their price objective on shares of Travelers Companies from $129.00 to $135.00 and gave the company 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 upped their price target on shares of Travelers Companies from $119.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, April 30th. Royal Bank of Canada reiterated a “neutral” rating and set a $145.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. Finally, Wells Fargo & Co set a $130.00 price target on shares of Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $140.58.

NYSE:TRV traded up $1.05 during midday trading on Thursday, reaching $147.57. 37,790 shares of the stock traded hands, compared to its average volume of 1,360,894. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $146.89. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $37.56 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.30 and a beta of 1.08.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 EPS for the quarter, beating the Zacks’ 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 analyst estimates of $6.94 billion. During the same period in the prior year, the business posted $2.46 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that Travelers Companies Inc will post 11.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.22%. Travelers Companies’s dividend 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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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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