The Travelers Companies, Inc. $TRV Stock Position Decreased by Barclays PLC

Barclays PLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 32.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 878,468 shares of the insurance provider’s stock after selling 423,893 shares during the period. Barclays PLC’s holdings in Travelers Companies were worth $254,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TRV. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $723,339,000. State Street Corp grew its position in shares of Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after buying an additional 486,861 shares during the last quarter. AustralianSuper Pty Ltd grew its position in shares of Travelers Companies by 102.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after buying an additional 458,746 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Travelers Companies during the third quarter valued at $99,680,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Travelers Companies by 22.8% during the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after acquiring an additional 331,170 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the sale, the insider directly owned 48,737 shares in the company, valued at $15,049,010.86. The trade was a 12.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $304.62 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The firm’s 50-day simple moving average is $300.22 and its 200 day simple moving average is $294.54. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $64.78 billion, a P/E ratio of 9.06, a P/E/G ratio of 2.75 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Bank of America reduced their price target on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a report on Tuesday, May 26th. Finally, Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $309.07.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.