Sloy Dahl & Holst LLC Sells 247 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Sloy Dahl & Holst LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,252 shares of the insurance provider’s stock after selling 247 shares during the period. Sloy Dahl & Holst LLC’s holdings in Travelers Companies were worth $288,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of TRV. Johnson Investment Counsel Inc. grew its holdings in shares of Travelers Companies by 29.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 1,037 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new stake in Travelers Companies in the fourth quarter worth about $1,973,000. Dynamic Advisor Solutions LLC lifted its stake in Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after acquiring an additional 7,649 shares during the period. Wellington Management Group LLP lifted its stake in Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after acquiring an additional 25,575 shares during the period. Finally, Bank of Nova Scotia lifted its stake in Travelers Companies by 552.8% in the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock worth $31,631,000 after acquiring an additional 140,622 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $1.75 during midday trading on Wednesday, reaching $201.91. 95,280 shares of the company’s stock traded hands, compared to its average volume of 1,385,742. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a market cap of $46.24 billion, a P/E ratio of 15.17, a PEG ratio of 1.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a fifty day simple moving average of $212.03 and a two-hundred day simple moving average of $211.99.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $4.11 EPS. Equities analysts predict that The Travelers Companies, Inc. will post 17.52 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were issued a $1.05 dividend. The ex-dividend date was Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.08%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRV. Morgan Stanley increased their price target on shares of Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Roth Mkm reissued a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $221.12.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,635 shares of company stock worth $3,980,827. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.