Asset Management One Co. Ltd. Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

Asset Management One Co. Ltd. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 189,261 shares of the insurance provider’s stock after selling 3,324 shares during the period. Asset Management One Co. Ltd.’s holdings in Travelers Companies were worth $45,689,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares during the last quarter. Elevate Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $4,627,000. Orion Portfolio Solutions LLC grew its holdings in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after purchasing an additional 4,665 shares during the last quarter. Czech National Bank grew its holdings in shares of Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the 3rd quarter worth $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Travelers Companies stock opened at $243.22 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The stock has a market cap of $55.22 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 1.08 and a beta of 0.64. The stock’s 50 day simple moving average is $243.62 and its two-hundred day simple moving average is $240.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $7.01 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

Several research firms have issued reports on TRV. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Tuesday, December 10th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Roth Mkm lifted their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, UBS Group lifted their target price on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $260.47.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total value 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 represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

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.