Janney Montgomery Scott LLC Sells 1,911 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Janney Montgomery Scott LLC lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,523 shares of the insurance provider’s stock after selling 1,911 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Travelers Companies worth $35,911,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TRV. Johnson Investment Counsel Inc. lifted its holdings in Travelers Companies by 29.0% during the 4th quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock valued at $879,000 after purchasing an additional 1,037 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after buying an additional 7,649 shares in the last quarter. Worth Asset Management LLC acquired a new position in Travelers Companies in the 4th quarter worth about $2,201,000. Nordea Investment Management AB raised its holdings in Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after buying an additional 16,580 shares during the last quarter. Finally, DNB Asset Management AS grew its stake in shares of Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after purchasing an additional 24,230 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research analyst reports. TD Cowen cut their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Evercore ISI reduced their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Jefferies Financial Group lowered their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Roth Mkm reiterated a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, UBS Group reduced their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $222.65.

Get Our Latest Report on TRV

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $3.24 on Wednesday, hitting $214.35. 1,326,878 shares of the company’s stock were exchanged, compared to its average volume of 1,425,662. The stock has a market capitalization of $49.08 billion, a PE ratio of 15.94, a PEG ratio of 1.12 and a beta of 0.60. 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 company has a 50-day simple moving average of $220.46 and a 200-day simple moving average of $203.32. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75.

Travelers Companies (NYSE:TRVGet Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter last year, the firm posted $4.11 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.85 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 1.96%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 29.72%.

Insiders Place Their Bets

In related news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction that occurred on 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 sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,635 shares of company stock worth $3,980,827. Corporate insiders own 1.33% of the company’s stock.

About Travelers Companies

(Free Report)

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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