MetLife Investment Advisors LLC Sells 3,001 Shares of Travelers Companies Inc (TRV)

MetLife Investment Advisors LLC trimmed its stake in Travelers Companies Inc (NYSE:TRV) by 3.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 81,683 shares of the insurance provider’s stock after selling 3,001 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Travelers Companies were worth $11,343,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Valeo Financial Advisors LLC lifted its stake in Travelers Companies by 138.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock valued at $284,000 after buying an additional 1,213 shares during the last quarter. Eaton Vance Management raised its stake in shares of Travelers Companies by 2.2% during the fourth quarter. Eaton Vance Management now owns 232,379 shares of the insurance provider’s stock valued at $31,520,000 after purchasing an additional 4,903 shares in the last quarter. MRJ Capital Inc. raised its stake in shares of Travelers Companies by 7.4% during the fourth quarter. MRJ Capital Inc. now owns 37,500 shares of the insurance provider’s stock valued at $5,086,000 after purchasing an additional 2,600 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in shares of Travelers Companies by 40.1% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,809 shares of the insurance provider’s stock valued at $2,416,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Travelers Companies by 1.8% during the fourth quarter. Baird Financial Group Inc. now owns 93,783 shares of the insurance provider’s stock valued at $12,721,000 after purchasing an additional 1,637 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

A number of brokerages recently weighed in on TRV. MKM Partners cut their price objective on shares of Travelers Companies to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 25th. Citigroup cut their price objective on shares of Travelers Companies from $159.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, May 1st. Argus cut their price objective on shares of Travelers Companies from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Thursday, April 26th. Morgan Stanley cut their price objective on shares of Travelers Companies from $130.00 to $126.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 25th. Finally, Wells Fargo & Co set a $142.00 price objective on shares of Travelers Companies and gave the company a “hold” rating in a research note on Tuesday, April 24th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $139.38.

In related news, Vice Chairman Jay S. Benet sold 4,437 shares of Travelers Companies stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $136.94, for a total value of $607,602.78. Following the transaction, the insider now owns 89,737 shares of the company’s stock, valued at approximately $12,288,584.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jay S. Benet sold 6,854 shares of Travelers Companies stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $132.00, for a total value of $904,728.00. Following the completion of the transaction, the insider now directly owns 92,154 shares in the company, valued at approximately $12,164,328. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,059 shares of company stock worth $4,193,296. 0.80% of the stock is owned by company insiders.

Shares of Travelers Companies opened at $129.58 on Wednesday, MarketBeat.com reports. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.30. Travelers Companies Inc has a 52 week low of $113.76 and a 52 week high of $150.55. The stock has a market capitalization of $35.27 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Tuesday, April 24th. The insurance provider reported $2.46 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.22). Travelers Companies had a return on equity of 8.94% and a net margin of 7.21%. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.24 billion. analysts predict that Travelers Companies Inc will post 10.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 8th will be given a $0.77 dividend. The ex-dividend date is Thursday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $0.72. This represents a $3.08 annualized dividend and a yield of 2.38%. Travelers Companies’s payout ratio is 42.31%.

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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