Travelers Companies Inc (TRV) Position Cut by Brown Advisory Inc.

Brown Advisory Inc. trimmed its holdings in Travelers Companies Inc (NYSE:TRV) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,932 shares of the insurance provider’s stock after selling 1,353 shares during the quarter. Brown Advisory Inc.’s holdings in Travelers Companies were worth $5,620,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MinichMacGregor Wealth Management LLC boosted its stake in Travelers Companies by 2,427.3% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 11,575 shares of the insurance provider’s stock valued at $1,418,000 after purchasing an additional 11,117 shares in the last quarter. Lodestar Investment Counsel LLC IL boosted its stake in Travelers Companies by 1.9% during the 4th quarter. Lodestar Investment Counsel LLC IL now owns 70,121 shares of the insurance provider’s stock valued at $8,397,000 after purchasing an additional 1,275 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Travelers Companies by 10.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 103,297 shares of the insurance provider’s stock valued at $12,371,000 after purchasing an additional 10,145 shares in the last quarter. Nachman Norwood & Parrott Inc bought a new position in Travelers Companies during the 4th quarter valued at $300,000. Finally, Cullinan Associates Inc. boosted its stake in Travelers Companies by 5.3% during the 4th quarter. Cullinan Associates Inc. now owns 34,066 shares of the insurance provider’s stock valued at $4,079,000 after purchasing an additional 1,700 shares in the last quarter. 79.91% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Compass Point assumed coverage on Travelers Companies in a research note on Tuesday, January 15th. They set a “buy” rating and a $155.00 price target for the company. Barclays raised Travelers Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $135.00 to $145.00 in a research note on Wednesday, January 9th. Zacks Investment Research reaffirmed a “sell” rating on shares of Travelers Companies in a research note on Monday, December 31st. Credit Suisse Group reaffirmed a “hold” rating and set a $141.00 price target on shares of Travelers Companies in a research note on Thursday, December 20th. Finally, Wells Fargo & Co set a $130.00 price objective on Travelers Companies and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Travelers Companies presently has an average rating of “Hold” and a consensus target price of $138.33.

In other news, Vice Chairman William H. Heyman sold 3,500 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $133.55, for a total value of $467,425.00. Following the completion of the sale, the insider now owns 243,245 shares in the company, valued at $32,485,369.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 4,450 shares of the stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $132.57, for a total value of $589,936.50. Following the completion of the sale, the executive vice president now owns 13,219 shares of the company’s stock, valued at approximately $1,752,442.83. The disclosure for this sale can be found here. Insiders have sold a total of 118,894 shares of company stock valued at $15,566,097 in the last quarter. Insiders own 0.80% of the company’s stock.

Shares of NYSE:TRV opened at $134.18 on Friday. Travelers Companies Inc has a one year low of $111.08 and a one year high of $142.64. The firm has a market cap of $35.34 billion, a PE ratio of 15.01, a P/E/G ratio of 0.94 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.15. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The company had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.92 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts expect that Travelers Companies Inc will post 11.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 11th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.30%. Travelers Companies’s dividend payout ratio (DPR) is presently 34.45%.

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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.

Further Reading: What impact do institutional investors have on markets?

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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