Intech Investment Management LLC Sells 18,902 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Intech Investment Management LLC cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 30.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,402 shares of the insurance provider’s stock after selling 18,902 shares during the quarter. Intech Investment Management LLC’s holdings in Travelers Companies were worth $8,077,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its position in shares of Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the period. Northern Trust Corp lifted its position in shares of Travelers Companies by 0.9% during the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after acquiring an additional 29,989 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Travelers Companies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after acquiring an additional 154,886 shares during the period. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at $282,593,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Travelers Companies by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after acquiring an additional 40,114 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 0.5 %

Shares of Travelers Companies stock traded up $1.09 on Friday, hitting $213.33. 649,983 shares of the company’s stock traded hands, compared to its average volume of 1,041,232. The company has a fifty day moving average of $219.73 and a two-hundred day moving average of $205.74. The company has a market capitalization of $48.85 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.11 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.85 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 1.97%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is presently 29.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TRV shares. Keefe, Bruyette & Woods lowered their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Roth Mkm reissued a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. UBS Group lowered their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, Jefferies Financial Group lowered their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $222.65.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value 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 $1,298,106. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock valued at $3,980,827 over the last ninety days. 1.33% of the stock is currently owned by insiders.

Travelers Companies Company 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.