Stockman Wealth Management Inc. Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Stockman Wealth Management Inc. lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 6.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,862 shares of the insurance provider’s stock after selling 125 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Travelers Companies were worth $355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Clearbridge Investments LLC increased its holdings in Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Travelers Companies by 1,826.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after acquiring an additional 486,098 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Travelers Companies by 19,918.1% during the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after purchasing an additional 473,453 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Travelers Companies by 940.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider’s stock worth $58,035,000 after purchasing an additional 321,198 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Travelers Companies by 57.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock worth $102,260,000 after purchasing an additional 229,071 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 109,775 shares of company stock valued at $23,343,903. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Up 0.1 %

NYSE:TRV traded up $0.20 during mid-day trading on Monday, hitting $214.27. The stock had a trading volume of 1,416,701 shares, compared to its average volume of 1,506,030. The stock has a 50-day simple moving average of $221.78 and a two-hundred day simple moving average of $197.48. The company has a market capitalization of $49.07 billion, a PE ratio of 15.92, a PEG ratio of 1.12 and a beta of 0.58. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the business posted $4.11 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TRV shares. UBS Group lowered their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday. Citigroup lifted their target price on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group lifted their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Piper Sandler reaffirmed a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Finally, Morgan Stanley boosted their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $223.18.

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.