Stonegate Investment Group LLC Trims Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Stonegate Investment Group LLC reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,243 shares of the insurance provider’s stock after selling 299 shares during the period. Stonegate Investment Group LLC’s holdings in Travelers Companies were worth $2,127,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. First Command Advisory Services Inc. purchased a new position in shares of Travelers Companies during the third quarter worth about $26,000. Arlington Trust Co LLC purchased a new position in shares of Travelers Companies in the 3rd quarter valued at approximately $27,000. Northwest Financial Advisors acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $32,000. AM Squared Ltd raised its stake in shares of Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $39,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.3 %

Shares of TRV traded down $0.72 on Tuesday, hitting $212.18. 1,385,677 shares of the stock traded hands, compared to its average volume of 1,494,046. The firm has a market capitalization of $48.59 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.11 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The stock’s 50 day moving average is $221.25 and its two-hundred day moving average is $199.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter last year, the company posted $4.11 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.74 earnings per share 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 paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.98%. Travelers Companies’s dividend payout ratio is currently 29.72%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares in the company, valued at $3,941,843.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the sale, the insider now owns 255,178 shares in the company, valued at $54,878,580.68. The disclosure for this sale can be found here. Insiders have sold a total of 67,681 shares of company stock worth $14,427,504 in the last three months. 1.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRV. Keefe, Bruyette & Woods cut their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. 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 report on Monday, April 15th. Roth Mkm reiterated a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Raymond James increased their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Finally, JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $223.47.

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.