Robeco Institutional Asset Management B.V. Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Robeco Institutional Asset Management B.V. reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 396,235 shares of the insurance provider’s stock after selling 26,200 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.17% of Travelers Companies worth $104,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Ameriflex Group Inc. bought a new stake in Travelers Companies in the 4th quarter worth $26,000. Kapitalo Investimentos Ltda bought a new stake in Travelers Companies in the 4th quarter worth $30,000. Wood Tarver Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter valued at about $33,000. Finally, Generali Investments Management Co LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at about $37,000. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 35,456 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the transaction, the chief executive officer now directly owns 262,329 shares in the company, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the transaction, the chief financial officer now owns 26,932 shares of the company’s stock, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock valued at $44,868,201 in the last quarter. 1.46% of the stock is owned by insiders.

Analyst Ratings Changes

TRV has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 28th. UBS Group cut their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their target price on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research note on Thursday, April 17th. Evercore ISI raised their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Finally, Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $271.11.

Travelers Companies Price Performance

TRV stock opened at $260.70 on Thursday. 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 firm has a 50 day moving average price of $267.01 and a 200-day moving average price of $254.31. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83. The firm has a market capitalization of $58.88 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 3.89 and a beta of 0.53.

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

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.69%. Travelers Companies’s dividend payout ratio (DPR) is presently 23.95%.

Travelers Companies Company 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.