Corient Private Wealth LLC Sells 1,699 Shares of The Travelers Companies, Inc. $TRV

Corient Private Wealth LLC lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.2% in the fourth quarter, HoldingsChannel reports. The fund owned 135,569 shares of the insurance provider’s stock after selling 1,699 shares during the period. Corient Private Wealth LLC’s holdings in Travelers Companies were worth $36,965,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Union Savings Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $1,000,000. Hsbc Holdings PLC grew its position in Travelers Companies by 9.3% in the fourth quarter. Hsbc Holdings PLC now owns 865,178 shares of the insurance provider’s stock valued at $251,117,000 after purchasing an additional 73,650 shares in the last quarter. Bayban acquired a new stake in Travelers Companies in the 4th quarter valued at $289,000. Pure Financial Advisors LLC increased its stake in Travelers Companies by 16.8% in the 4th quarter. Pure Financial Advisors LLC now owns 2,723 shares of the insurance provider’s stock valued at $790,000 after buying an additional 392 shares during the last quarter. Finally, SHP Wealth Management bought a new stake in Travelers Companies during the 4th quarter worth about $591,000. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRV has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Barclays lowered Travelers Companies from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $331.00 to $295.00 in a research report on Friday, June 12th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Finally, Evercore reissued an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Two research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $309.07.

Travelers Companies Trading Down 0.1%

Shares of NYSE:TRV opened at $307.48 on Monday. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The company has a market capitalization of $65.39 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48. The company has a 50-day simple moving average of $301.35 and a 200 day simple moving average of $295.02. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.6%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is 14.88%.

Travelers Companies Company 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.