Daymark Wealth Partners LLC Sells 104,559 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Daymark Wealth Partners LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 97.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,683 shares of the insurance provider’s stock after selling 104,559 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Travelers Companies were worth $709,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Yoffe Investment Management LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth $1,202,000. Erste Asset Management GmbH grew its stake in shares of Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after buying an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Travelers Companies by 43.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock worth $38,343,000 after buying an additional 47,985 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Travelers Companies by 16.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock worth $5,122,000 after buying an additional 3,046 shares during the last quarter. Finally, Banco Santander S.A. grew its stake in shares of Travelers Companies by 2.3% during the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider’s stock worth $16,065,000 after buying an additional 1,494 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 26,932 shares in the company, valued at approximately $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,657,685.25. The trade was a 71.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock valued at $44,868,201 over the last 90 days. Company insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.9%

NYSE TRV opened at $263.17 on Friday. The business has a 50 day simple moving average of $267.15 and a 200 day simple moving average of $254.39. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.83. The stock has a market capitalization of $59.44 billion, a P/E ratio of 14.33, a P/E/G ratio of 3.81 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 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 business had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. During the same quarter last year, the firm posted $4.69 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.67%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group raised their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Three 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.