The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,678 shares of the insurance provider’s stock after selling 700 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Travelers Companies were worth $4,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC grew its position in Travelers Companies by 13.4% during the first quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider’s stock worth $112,000 after buying an additional 50 shares during the period. Blue Trust Inc. grew its position in Travelers Companies by 4.6% during the first quarter. Blue Trust Inc. now owns 5,214 shares of the insurance provider’s stock worth $1,379,000 after buying an additional 228 shares during the period. Plimoth Trust Co. LLC grew its position in Travelers Companies by 9.9% during the first quarter. Plimoth Trust Co. LLC now owns 4,972 shares of the insurance provider’s stock worth $1,315,000 after buying an additional 448 shares during the period. Compass Capital Corp MA ADV acquired a new position in Travelers Companies during the first quarter worth about $328,000. Finally, Premier Path Wealth Partners LLC grew its position in Travelers Companies by 5.5% during the first quarter. Premier Path Wealth Partners LLC now owns 1,580 shares of the insurance provider’s stock worth $418,000 after buying an additional 82 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the transaction, the chief executive officer now owns 262,329 shares of the company’s stock, valued at $71,820,433.62. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the transaction, the insider now directly owns 255,086 shares in the company, valued at approximately $70,021,107. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock valued at $44,868,201 over the last quarter. Company insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $264.93 on Friday. 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 market capitalization of $59.84 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 3.87 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83. The company’s 50 day simple moving average is $265.78 and its 200 day simple moving average is $254.22.

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

Travelers Companies Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRV. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 28th. Barclays lowered their price target on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Evercore ISI increased their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $271.11.

Travelers Companies Profile

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.