Bfsg LLC Sells 40 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bfsg LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.4% in the first quarter, Holdings Channel reports. The fund owned 1,659 shares of the insurance provider’s stock after selling 40 shares during the period. Bfsg LLC’s holdings in Travelers Companies were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth about $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $26,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies in the 4th quarter worth approximately $30,000. Wood Tarver Financial Group LLC bought a new position in Travelers Companies in the 4th quarter worth approximately $33,000. Finally, Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $37,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TRV has been the topic of several research analyst reports. Evercore ISI raised their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Barclays dropped their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $271.11.

Travelers Companies Price Performance

Travelers Companies stock opened at $264.36 on Wednesday. The business has a 50 day simple moving average of $265.06 and a 200 day simple moving average of $254.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $59.71 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.53. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.83.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same period in the prior year, the company posted $4.69 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.66%. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

Insider Activity at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 35,456 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the sale, the chief executive officer now directly owns 262,329 shares of the company’s stock, valued at $71,820,433.62. This trade represents a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mojgan M. Lefebvre sold 6,149 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.71, for a total value of $1,683,042.79. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock valued at $44,868,201 in the last ninety days. Insiders own 1.46% 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.