The Travelers Companies, Inc. $TRV Shares Sold by Constant Guidance Financial LLC

Constant Guidance Financial LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 73.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 965 shares of the insurance provider’s stock after selling 2,721 shares during the quarter. Constant Guidance Financial LLC’s holdings in Travelers Companies were worth $269,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Washington Trust Advisors Inc. boosted its holdings in shares of Travelers Companies by 18.5% during the 3rd quarter. Washington Trust Advisors Inc. now owns 403 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 63 shares during the last quarter. Avalon Trust Co lifted its position in Travelers Companies by 13.1% during the third quarter. Avalon Trust Co now owns 8,528 shares of the insurance provider’s stock worth $2,381,000 after buying an additional 987 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Travelers Companies by 192.8% during the third quarter. Kovitz Investment Group Partners LLC now owns 135,330 shares of the insurance provider’s stock worth $37,787,000 after buying an additional 89,108 shares during the last quarter. Alteri Wealth LLC acquired a new position in Travelers Companies during the third quarter worth $202,000. Finally, Koshinski Asset Management Inc. grew its holdings in Travelers Companies by 2.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 29,139 shares of the insurance provider’s stock valued at $8,136,000 after buying an additional 688 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $301.18, for a total value of $3,011,800.00. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $10,131,092.84. This trade represents a 22.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,699,602.75. The trade was a 73.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 101,765 shares of company stock valued at $29,877,543. 1.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TRV shares. Zacks Research lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings raised shares of Travelers Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, February 9th. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a report on Monday, February 2nd. The Goldman Sachs Group downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $304.00 price target for the company. in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $304.33.

Travelers Companies Stock Performance

NYSE:TRV opened at $304.80 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $230.43 and a fifty-two week high of $304.94. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day moving average price of $287.74 and a 200 day moving average price of $280.58. The stock has a market capitalization of $65.91 billion, a P/E ratio of 11.07, a PEG ratio of 2.84 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. Travelers Companies had a return on equity of 20.70% and a net margin of 12.88%.The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. During the same period in the prior year, the firm earned $9.15 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies declared that its board has approved a stock buyback program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.