Erste Asset Management GmbH Sells 2,133 Shares of The Travelers Companies, Inc. $TRV

Erste Asset Management GmbH cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,616 shares of the insurance provider’s stock after selling 2,133 shares during the period. Erste Asset Management GmbH’s holdings in Travelers Companies were worth $3,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. lifted its holdings in 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 acquiring an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies during the fourth quarter worth about $28,000. Entrust Financial LLC bought a new position in Travelers Companies during the fourth quarter worth about $31,000. Navalign LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $35,000. Finally, eCIO Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $37,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

TRV opened at $300.03 on Wednesday. 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 business’s 50-day moving average price is $299.45 and its two-hundred day moving average price is $294.24. The company has a market capitalization of $63.80 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 2.68 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 (EPS) for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business 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%.Travelers Companies’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a $1.25 dividend. 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 1.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.09%.

Analyst Ratings Changes

Several analysts have issued reports on TRV shares. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Bank of America dropped their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Piper Sandler lifted their price target on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Brean Capital started coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $311.47.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock valued at $11,504,146 in the last quarter. 1.39% of the stock is currently owned by corporate insiders.

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.