Epoch Investment Partners Inc. Sells 4,408 Shares of The Travelers Companies, Inc. $TRV

Epoch Investment Partners Inc. decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 111,710 shares of the insurance provider’s stock after selling 4,408 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Travelers Companies were worth $32,403,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Brighton Jones LLC increased its holdings in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies during the 4th quarter worth about $276,000. WINTON GROUP Ltd bought a new position in shares of Travelers Companies during the 2nd quarter worth about $382,000. CIBC Asset Management Inc increased its holdings in shares of Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Travelers Companies by 2.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Evercore restated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Bank of America lowered their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a research note on Tuesday, May 26th. Finally, Piper Sandler upped their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Two 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 issued a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $309.07.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the business’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 transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

Travelers Companies Stock Performance

NYSE TRV opened at $304.62 on Monday. The stock has a market cap of $64.78 billion, a P/E ratio of 9.06, a PEG ratio of 2.75 and a beta of 0.48. The company’s 50-day simple moving average is $300.22 and its 200 day simple moving average is $294.54. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted 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. The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.91 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a 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 (DPR) is presently 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.