RMB Capital Management LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,119 shares of the insurance provider’s stock after selling 200 shares during the quarter. RMB Capital Management LLC’s holdings in The Travelers Companies were worth $920,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. Mcmillion Capital Management Inc. bought a new stake in The Travelers Companies during the fourth quarter worth about $29,000. Ellevest Inc. bought a new position in shares of The Travelers Companies in the first quarter worth about $29,000. Regent Peak Wealth Advisors LLC bought a new position in shares of The Travelers Companies in the fourth quarter worth about $30,000. Hoese & Co LLP bought a new position in shares of The Travelers Companies in the first quarter worth about $30,000. Finally, Dividend Assets Capital LLC bought a new position in shares of The Travelers Companies in the first quarter worth about $33,000. 82.42% of the stock is owned by institutional investors and hedge funds.
Shares of TRV stock opened at $154.02 on Friday. The firm has a market cap of $38.73 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74. The Travelers Companies, Inc. has a 52 week low of $105.67 and a 52 week high of $162.71. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $156.59.
The Travelers Companies declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the insurance provider to repurchase up to 12.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Thursday, June 10th will be given a $0.88 dividend. The ex-dividend date is Wednesday, June 9th. This represents a $3.52 annualized dividend and a yield of 2.29%. This is an increase from The Travelers Companies’s previous quarterly dividend of $0.85. The Travelers Companies’s dividend payout ratio (DPR) is presently 32.44%.
In other The Travelers Companies news, CEO Alan D. Schnitzer sold 60,979 shares of the firm’s stock in a transaction on Thursday, April 22nd. The stock was sold at an average price of $155.00, for a total transaction of $9,451,745.00. Following the transaction, the chief executive officer now directly owns 238,213 shares in the company, valued at approximately $36,923,015. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 10,000 shares of the firm’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $156.77, for a total value of $1,567,700.00. Following the transaction, the insider now owns 255,261 shares in the company, valued at $40,017,266.97. The disclosure for this sale can be found here. In the last three months, insiders sold 135,338 shares of company stock valued at $21,189,424. 0.92% of the stock is currently owned by insiders.
A number of research analysts recently issued reports on TRV shares. Citigroup raised their price objective on shares of The Travelers Companies from $142.00 to $155.00 in a report on Wednesday, March 31st. Morgan Stanley increased their target price on shares of The Travelers Companies from $154.00 to $166.00 and gave the company an “underweight” rating in a research report on Wednesday, April 28th. Zacks Investment Research raised shares of The Travelers Companies from a “sell” rating to a “hold” rating and set a $165.00 target price for the company in a research report on Thursday, April 22nd. MKM Partners increased their target price on shares of The Travelers Companies from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, March 12th. Finally, Royal Bank of Canada increased their target price on shares of The Travelers Companies from $156.00 to $163.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $153.25.
About The 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.
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