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

Burney Co. decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,840 shares of the insurance provider’s stock after selling 1,469 shares during the period. Burney Co.’s holdings in Travelers Companies were worth $2,870,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC boosted its stake in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth about $26,000. Osterweis Capital Management Inc. increased its position 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 worth $26,000 after purchasing an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at about $28,000. Finally, Entrust Financial LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $31,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,853,239.50. This represents a 51.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRV. Raymond James Financial restated a “strong-buy” rating on shares of Travelers Companies in a research note on Monday. BMO Capital Markets boosted their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Piper Sandler lifted their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Barclays downgraded shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $331.00 to $295.00 in a research report on Friday, June 12th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $318.94.

Travelers Companies Stock Up 1.3%

Travelers Companies stock opened at $343.69 on Wednesday. The stock has a 50 day moving average of $308.23 and a two-hundred day moving average of $298.86. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $349.35. The stock has a market capitalization of $73.09 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 3.06 and a beta of 0.46. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 28.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were paid a $1.25 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is 14.88%.

About Travelers Companies

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.