Hartford Financial Management Inc. cut its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 15.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,348 shares of the insurance provider’s stock after selling 250 shares during the quarter. Hartford Financial Management Inc.’s holdings in Travelers Companies were worth $185,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Sontag Advisory LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $27,000. Interactive Financial Advisors purchased a new stake in Travelers Companies in the first quarter valued at approximately $27,000. Buffington Mohr McNeal purchased a new stake in Travelers Companies in the first quarter valued at approximately $28,000. Oregon Public Employees Retirement Fund boosted its position in Travelers Companies by 11,730.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after buying an additional 3,495,996 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in Travelers Companies by 120.5% in the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 135 shares in the last quarter. 80.56% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TRV stock opened at $148.45 on Tuesday. The firm has a market capitalization of $38.63 billion, a PE ratio of 16.61, a PEG ratio of 1.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $148.85.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $0.82 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s dividend payout ratio is currently 34.45%.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Wells Fargo & Co set a $130.00 price target on Travelers Companies and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Morgan Stanley raised their target price on Travelers Companies from $119.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. MKM Partners lifted their price target on Travelers Companies to $140.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $145.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. One equities research 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 presently has a consensus rating of “Hold” and a consensus target price of $140.58.
In other news, CEO Alan D. Schnitzer sold 66,228 shares of Travelers Companies stock in a transaction that occurred 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 sale, the chief executive officer now owns 134,252 shares in the company, valued at $17,750,799.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $147.75, for a total transaction of $1,477,500.00. Following the sale, the insider now owns 247,245 shares in the company, valued at approximately $36,530,448.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 299,026 shares of company stock worth $41,533,619. Insiders own 0.73% of the company’s stock.
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Travelers Companies Company 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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