The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 92.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,004 shares of the insurance provider’s stock after selling 93,960 shares during the period. Two Sigma Investments LP’s holdings in Travelers Companies were worth $1,928,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TRV. Brighton Jones LLC raised its holdings in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $276,000. Chicago Partners Investment Group LLC grew its stake in shares of Travelers Companies by 16.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,930 shares of the insurance provider’s stock valued at $468,000 after buying an additional 266 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Travelers Companies by 3.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,167 shares of the insurance provider’s stock valued at $1,486,000 after buying an additional 201 shares during the period. Finally, DAVENPORT & Co LLC grew its stake in shares of Travelers Companies by 11.7% in the 4th quarter. DAVENPORT & Co LLC now owns 3,995 shares of the insurance provider’s stock valued at $962,000 after buying an additional 417 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the sale, the chief executive officer now directly owns 262,329 shares in the company, valued at approximately $71,820,433.62. This trade represents a 11.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer now owns 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 in the last ninety days. 1.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. UBS Group dropped their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an “equal weight” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Evercore ISI increased their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Finally, HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $271.11.

Travelers Companies Price Performance

Travelers Companies stock opened at $275.95 on Monday. The firm has a market cap of $62.52 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.65. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $261.47 and its two-hundred day moving average is $253.59.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the business earned $4.69 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.59%. Travelers Companies’s dividend payout ratio is 23.95%.

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.