Brandywine Global Investment Management LLC Has $58.26 Million Stock Position in The Travelers Companies, Inc. $TRV

Brandywine Global Investment Management LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 200,865 shares of the insurance provider’s stock after selling 4,088 shares during the period. Brandywine Global Investment Management LLC’s holdings in Travelers Companies were worth $58,263,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TRV. Osterweis Capital Management Inc. boosted its holdings in shares of Travelers Companies by 1,820.0% during the 2nd 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 bought a new stake in Travelers Companies during the 4th quarter worth $28,000. Entrust Financial LLC acquired a new position in Travelers Companies in the 4th quarter worth about $31,000. Navalign LLC acquired a new position in Travelers Companies in the 4th quarter worth about $35,000. Finally, eCIO Inc. bought a new position in Travelers Companies in the fourth quarter valued at about $37,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on 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 completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of the business’s 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 completion of the transaction, the insider owned 259,590 shares in the company, valued at approximately $80,639,037.60. The trade was a 0.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,573 shares of company stock valued at $11,504,146 over the last 90 days. 1.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRV. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. BMO Capital Markets lifted their target price on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Brean Capital began coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. Finally, Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $311.47.

Travelers Companies Price Performance

Shares of TRV opened at $303.13 on Monday. The business has a 50-day moving average of $299.04 and a 200-day moving average of $294.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $64.46 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 2.73 and a beta of 0.48. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12.

Travelers Companies (NYSE:TRV) last released its 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. 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 during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the prior year, the firm posted $1.91 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is currently 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.