Travelers Companies Inc (TRV) Holdings Trimmed by Marietta Wealth Management LLC

Marietta Wealth Management LLC lessened its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 7.5% during the first quarter, Holdings Channel reports. The institutional investor owned 2,562 shares of the insurance provider’s stock after selling 209 shares during the quarter. Marietta Wealth Management LLC’s holdings in Travelers Companies were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc increased its position in Travelers Companies by 0.3% during the third 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 during the last quarter. BlackRock Inc. grew its position in shares of Travelers Companies by 0.9% in the fourth quarter. BlackRock Inc. now owns 21,075,932 shares of the insurance provider’s stock valued at $2,523,843,000 after purchasing an additional 190,871 shares during the last quarter. Bank of America Corp DE grew its position in shares of Travelers Companies by 4.5% in the fourth quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock valued at $445,226,000 after purchasing an additional 159,502 shares during the last quarter. Northern Trust Corp grew its position in shares of Travelers Companies by 1.7% in the fourth quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock valued at $427,144,000 after purchasing an additional 60,000 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of 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 purchasing an additional 3,495,996 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on TRV shares. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 target price on the stock in a research report on Tuesday, March 26th. Barclays upped their target price on Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. UBS Group upped their target price on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, MKM Partners upped their target price on Travelers Companies to $140.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. 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 stock. The stock presently has an average rating of “Hold” and a consensus target price of $141.42.

In related news, Vice Chairman William H. Heyman sold 10,000 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was 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 of the company’s stock, valued at $36,530,448.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 66,228 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was 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 in the company, valued at approximately $17,750,799.44. The disclosure for this sale can be found here. Insiders have sold 286,038 shares of company stock worth $39,834,429 in the last three months. 0.73% of the stock is currently owned by company insiders.

Shares of NYSE:TRV opened at $147.94 on Friday. The company has a market cap of $38.48 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.34 and a beta of 1.08. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $148.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38.

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 the Zacks’ consensus estimate of $2.76 by $0.07. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.94 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 earnings per share. On average, analysts anticipate that Travelers Companies Inc will post 11.11 EPS for the current fiscal 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 given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.28 dividend on an annualized basis and a yield of 2.22%. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. 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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