Stonegate Investment Group LLC Sells 299 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Stonegate Investment Group LLC trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,243 shares of the insurance provider’s stock after selling 299 shares during the quarter. Stonegate Investment Group LLC’s holdings in Travelers Companies were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sutton Place Investors LLC acquired a new position in Travelers Companies during the 1st quarter valued at $1,030,000. Bristlecone Advisors LLC bought a new position in shares of Travelers Companies during the 1st quarter worth about $5,144,000. Nilsine Partners LLC raised its position in shares of Travelers Companies by 20.2% during the first quarter. Nilsine Partners LLC now owns 9,976 shares of the insurance provider’s stock valued at $2,296,000 after buying an additional 1,678 shares during the last quarter. Harfst & Associates Inc. bought a new stake in shares of Travelers Companies in the first quarter valued at about $1,568,000. Finally, PFG Investments LLC acquired a new stake in Travelers Companies during the first quarter worth about $526,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The disclosure for this sale can be found here. Insiders have sold a total of 67,681 shares of company stock worth $14,427,504 over the last 90 days. Insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

TRV traded down $0.72 during midday trading on Tuesday, hitting $212.18. The company had a trading volume of 1,385,677 shares, compared to its average volume of 1,494,046. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a market capitalization of $48.59 billion, a PE ratio of 15.76, a P/E/G ratio of 1.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50-day simple moving average is $221.25 and its 200-day simple moving average is $199.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results 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 net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the prior year, the business earned $4.11 EPS. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is 29.72%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TRV shares. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. HSBC upped their target price on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. TD Cowen lowered their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $223.47.

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.