The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by PGGM Investments

PGGM Investments lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,741 shares of the insurance provider’s stock after selling 2,202 shares during the quarter. PGGM Investments’ holdings in Travelers Companies were worth $7,570,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mn Services Vermogensbeheer B.V. lifted its holdings in Travelers Companies by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock worth $18,217,000 after purchasing an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after purchasing an additional 7,649 shares during the period. Worth Asset Management LLC acquired a new stake in Travelers Companies in the fourth quarter worth about $2,201,000. Nordea Investment Management AB lifted its holdings in Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after purchasing an additional 16,580 shares during the period. Finally, DNB Asset Management AS lifted its holdings in Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after purchasing an additional 24,230 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. The Goldman Sachs Group upped their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. HSBC upped their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $223.47.

Travelers Companies Trading Down 0.3 %

TRV stock traded down $0.54 during mid-day trading on Friday, reaching $213.45. 1,706,046 shares of the stock traded hands, compared to its average volume of 1,389,936. 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 Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a market cap of $48.88 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 0.58. The stock’s fifty day moving average is $221.50 and its 200-day moving average is $198.66.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share 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 analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.11 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.74 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio is currently 29.72%.

Insider Activity

In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was 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 in the company, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, EVP Maria Olivo sold 10,553 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the completion of the sale, the executive vice president now directly owns 103,443 shares of the company’s stock, valued at $22,026,117.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold 80,734 shares of company stock worth $17,208,404 in the last 90 days. Company insiders own 1.33% of the company’s stock.

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.