Soltis Investment Advisors LLC Lowers Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Soltis Investment Advisors LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,236 shares of the insurance provider’s stock after selling 726 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Travelers Companies were worth $780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brookstone Capital Management increased its position in shares of Travelers Companies by 8.9% in the third quarter. Brookstone Capital Management now owns 1,438 shares of the insurance provider’s stock worth $337,000 after purchasing an additional 117 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Travelers Companies by 288.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,582 shares of the insurance provider’s stock worth $370,000 after purchasing an additional 1,175 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of Travelers Companies by 5.0% in the third quarter. Valeo Financial Advisors LLC now owns 5,034 shares of the insurance provider’s stock worth $1,179,000 after purchasing an additional 241 shares during the last quarter. Retirement Planning Group LLC bought a new position in shares of Travelers Companies in the third quarter worth approximately $202,000. Finally, Carnegie Investment Counsel increased its position in shares of Travelers Companies by 0.6% in the third quarter. Carnegie Investment Counsel now owns 12,977 shares of the insurance provider’s stock worth $3,038,000 after purchasing an additional 77 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $242.45 on Tuesday. The stock has a fifty day moving average of $244.82 and a 200 day moving average of $240.00. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The firm has a market capitalization of $55.04 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.08 and a beta of 0.64. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $7.01 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analyst Weigh In

TRV has been the topic of several research analyst reports. Roth Mkm upped their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Wells Fargo & Company increased their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. UBS Group increased their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $260.47.

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.