The Travelers Companies, Inc. $TRV Shares Sold by Diversified Trust Co

Diversified Trust Co cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 62.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,485 shares of the insurance provider’s stock after selling 7,422 shares during the quarter. Diversified Trust Co’s holdings in Travelers Companies were worth $1,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies in the 4th quarter worth $26,000. Osterweis Capital Management Inc. grew its stake in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $28,000. Entrust Financial LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $31,000. Finally, Navalign LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 2.1%

NYSE:TRV opened at $317.19 on Wednesday. The company has a market cap of $67.45 billion, a PE ratio of 9.44, a P/E/G ratio of 2.80 and a beta of 0.48. The business’s 50 day moving average is $301.91 and its two-hundred day moving average is $295.41. 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 Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $317.58.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results 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. The business had revenue of $11.92 billion during 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 quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

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

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,573 shares of company stock valued at $11,504,146 over the last quarter. 1.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Brean Capital started coverage on Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Bank of America decreased their price target on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $309.07.

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.