The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Asset Dedication LLC

Asset Dedication LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,041 shares of the insurance provider’s stock after selling 5,069 shares during the period. Asset Dedication LLC’s holdings in Travelers Companies were worth $3,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp raised its holdings in Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after buying an additional 120,228 shares during the period. FMR LLC raised its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares during the period. Geode Capital Management LLC raised its holdings in Travelers Companies by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after buying an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Travelers Companies by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after buying an additional 10,285 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Travelers Companies by 4.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock worth $254,169,000 after buying an additional 41,683 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Bank of America upped their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Roth Mkm upped their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Barclays upped their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, UBS Group upped their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $260.47.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 0.9 %

NYSE:TRV opened at $248.65 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The firm has a market cap of $56.45 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $247.48 and its 200-day moving average is $238.07.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $7.01 earnings per share. Equities analysts anticipate that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.69%. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.