HPM Partners LLC reduced its position in shares of Travelers Companies Inc (NYSE:TRV) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,312 shares of the insurance provider’s stock after selling 3,645 shares during the quarter. HPM Partners LLC’s holdings in Travelers Companies were worth $2,619,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in Travelers Companies during the 3rd quarter valued at $8,254,000. Abner Herrman & Brock LLC grew its holdings in shares of Travelers Companies by 6.5% during the 4th quarter. Abner Herrman & Brock LLC now owns 62,879 shares of the insurance provider’s stock valued at $8,529,000 after acquiring an additional 3,853 shares in the last quarter. Vaughan David Investments Inc. IL grew its holdings in shares of Travelers Companies by 1,454.3% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 219,728 shares of the insurance provider’s stock valued at $26,387,000 after acquiring an additional 205,591 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Travelers Companies by 8.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,442 shares of the insurance provider’s stock valued at $2,750,000 after acquiring an additional 1,683 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Travelers Companies by 138.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,091 shares of the insurance provider’s stock valued at $284,000 after acquiring an additional 1,213 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors.
Shares of Travelers Companies Inc (NYSE:TRV) opened at $142.30 on Monday. The stock has a market cap of $38,624.21, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.90 and a beta of 1.29. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $150.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, March 8th. Travelers Companies’s dividend payout ratio is presently 39.40%.
In other Travelers Companies news, Director Todd C. Schermerhorn sold 1,120 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $149.08, for a total transaction of $166,969.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 4,437 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $140.13, for a total transaction of $621,756.81. Following the sale, the insider now owns 89,737 shares of the company’s stock, valued at $12,574,845.81. The disclosure for this sale can be found here. Insiders sold 182,727 shares of company stock valued at $26,828,165 over the last quarter. 0.82% of the stock is currently owned by corporate insiders.
TRV has been the topic of several research analyst reports. Royal Bank of Canada restated a “buy” rating and set a $148.00 price target on shares of Travelers Companies in a report on Friday, December 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $152.00 price target on shares of Travelers Companies in a report on Wednesday, December 6th. Bank of America upgraded shares of Travelers Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a report on Friday, January 5th. Finally, ValuEngine cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $137.20.
TRADEMARK VIOLATION NOTICE: “Travelers Companies Inc (TRV) Holdings Cut by HPM Partners LLC” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2018/03/12/travelers-companies-inc-trv-holdings-cut-by-hpm-partners-llc.html.
Travelers Companies Company Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.