West Paces Advisors Inc. Sells 69 Shares of The Travelers Companies, Inc. (NYSE:TRV)

West Paces Advisors Inc. lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,882 shares of the insurance provider’s stock after selling 69 shares during the period. West Paces Advisors Inc.’s holdings in Travelers Companies were worth $893,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TRV. Norges Bank bought a new position in Travelers Companies in the fourth quarter worth $282,593,000. Jacobs Levy Equity Management Inc. increased its stake in Travelers Companies by 1,826.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after acquiring an additional 486,098 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Travelers Companies by 19,918.1% during the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after acquiring an additional 473,453 shares during the period. Boston Partners lifted its holdings in shares of Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after buying an additional 355,489 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Travelers Companies by 6,167.2% in the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock worth $63,596,000 after buying an additional 328,527 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 over the last quarter. 1.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley upped their target price on Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research report on Monday. The Goldman Sachs Group boosted their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Piper Sandler reissued a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Finally, Keefe, Bruyette & Woods lowered their price objective on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $222.65.

Travelers Companies Stock Performance

TRV traded down $2.98 on Wednesday, hitting $205.74. 1,083,199 shares of the company traded hands, compared to its average volume of 1,389,555. The company has a 50 day moving average of $212.77 and a 200-day moving average of $211.25. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $47.11 billion, a PE ratio of 15.29, a PEG ratio of 1.10 and a beta of 0.62. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75.

Travelers Companies (NYSE:TRV) last issued 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 return on equity of 13.94% and a net margin of 7.32%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the company posted $4.11 earnings per share. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.59 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is 31.20%.

About Travelers Companies

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.