SVB Wealth LLC Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

SVB Wealth LLC reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 4,293 shares of the insurance provider’s stock after selling 64 shares during the period. SVB Wealth LLC’s holdings in Travelers Companies were worth $818,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TRV. Norges Bank purchased a new position in Travelers Companies during the 4th quarter valued at about $239,875,000. Barclays PLC lifted its position in Travelers Companies by 215.5% during the 2nd quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock valued at $159,378,000 after acquiring an additional 626,837 shares during the period. Clearbridge Investments LLC lifted its position in Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the period. Morgan Stanley lifted its position in Travelers Companies by 19.6% during the 4th quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after acquiring an additional 539,294 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Travelers Companies by 1,826.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after acquiring an additional 486,098 shares during the period. 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, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the transaction, the senior vice president now owns 719 shares of the company’s stock, valued at $153,046.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares in the company, valued at approximately $153,046.34. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 over the last 90 days. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRV. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Evercore ISI reduced their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Morgan Stanley raised their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $220.78.

Travelers Companies Stock Performance

TRV opened at $213.99 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a market cap of $49.00 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.10 and a beta of 0.58. The company’s 50 day moving average is $221.79 and its 200 day moving average is $196.63. 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 posted its quarterly earnings data 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 during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $4.11 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared 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. The ex-dividend date is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 1.96%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 29.72%.

Travelers Companies 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.