The Travelers Companies (TRV) Stake Lessened by Earnest Partners LLC

Earnest Partners LLC reduced its position in The Travelers Companies (NYSE:TRV) by 8.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,906 shares of the insurance provider’s stock after selling 4,490 shares during the quarter. Earnest Partners LLC’s holdings in The Travelers Companies were worth $6,769,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nationwide Fund Advisors lifted its holdings in shares of The Travelers Companies by 2.2% during the third quarter. Nationwide Fund Advisors now owns 103,193 shares of the insurance provider’s stock worth $12,643,000 after purchasing an additional 2,205 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in The Travelers Companies by 3.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 72,420 shares of the insurance provider’s stock worth $8,873,000 after acquiring an additional 2,607 shares in the last quarter. Victory Capital Management Inc. raised its position in The Travelers Companies by 33.4% in the third quarter. Victory Capital Management Inc. now owns 32,771 shares of the insurance provider’s stock worth $4,015,000 after acquiring an additional 8,200 shares in the last quarter. Sei Investments Co. raised its position in The Travelers Companies by 22.5% in the third quarter. Sei Investments Co. now owns 63,683 shares of the insurance provider’s stock worth $7,804,000 after acquiring an additional 11,683 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in The Travelers Companies by 10.7% in the third quarter. Toronto Dominion Bank now owns 105,259 shares of the insurance provider’s stock worth $12,894,000 after acquiring an additional 10,160 shares in the last quarter. 80.13% of the stock is owned by institutional investors and hedge funds.

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Shares of NYSE:TRV opened at $137.25 on Friday. The Travelers Companies has a 12-month low of $113.76 and a 12-month high of $150.55. The stock has a market capitalization of $37,628.07, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.25. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.28.

The Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.56 by ($0.28). The Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The company had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the prior year, the firm earned $3.20 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. sell-side analysts expect that The Travelers Companies will post 10.62 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 9th were given a dividend of $0.72 per share. The ex-dividend date was Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.10%. The Travelers Companies’s dividend payout ratio (DPR) is presently 39.56%.

Several research analysts have issued reports on the company. Atlantic Securities upgraded The Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price objective for the company in a research report on Friday, January 26th. Credit Suisse Group increased their price objective on The Travelers Companies from $141.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Zacks Investment Research cut The Travelers Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Barclays restated a “hold” rating and issued a $140.00 price target (up previously from $135.00) on shares of The Travelers Companies in a research report on Sunday, February 18th. Finally, Wells Fargo restated a “market perform” rating and issued a $142.00 price target on shares of The Travelers Companies in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $137.88.

In other The Travelers Companies news, Vice Chairman Jay S. Benet sold 4,437 shares of the business’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $134.90, for a total transaction of $598,551.30. Following the completion of the transaction, the insider now owns 89,737 shares in the company, valued at approximately $12,105,521.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brian W. Maclean sold 88,607 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $149.29, for a total value of $13,228,139.03. Following the completion of the sale, the chief operating officer now owns 211,293 shares of the company’s stock, valued at approximately $31,543,931.97. The disclosure for this sale can be found here. Insiders have sold a total of 200,475 shares of company stock valued at $29,286,574 in the last quarter. 0.82% of the stock is currently owned by insiders.

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About The 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.

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

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