The Travelers Companies, Inc. (NYSE:TRV) is St. James Investment Company LLC’s 10th Largest Position

St. James Investment Company LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,780 shares of the insurance provider’s stock after selling 417 shares during the quarter. Travelers Companies makes up approximately 4.0% of St. James Investment Company LLC’s holdings, making the stock its 10th largest holding. St. James Investment Company LLC’s holdings in Travelers Companies were worth $24,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE increased its position in Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. Norges Bank purchased a new stake in Travelers Companies during the 4th quarter valued at $560,918,000. GAMMA Investing LLC raised its position in Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. boosted its holdings in Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock valued at $360,694,000 after acquiring an additional 907,266 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Travelers Companies during the 4th quarter valued at about $138,619,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a report on Monday, March 24th. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Jefferies Financial Group raised their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Finally, Evercore ISI upped their price target on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $271.11.

Insider Transactions at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the transaction, the insider directly owned 48,387 shares of the company’s stock, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the firm’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 sale, the chief financial officer directly owned 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,869 shares of company stock worth $44,868,201. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Stock Down 3.8%

Travelers Companies stock opened at $256.92 on Thursday. The firm’s 50 day moving average price is $267.71 and its two-hundred day moving average price is $254.88. 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 Travelers Companies, Inc. has a twelve month low of $200.40 and a twelve month high of $277.83. The firm has a market cap of $58.03 billion, a PE ratio of 13.99, a P/E/G ratio of 3.90 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating 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 company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter last year, the company posted $4.69 earnings per share. On average, research analysts predict 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 was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.71%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date was Tuesday, June 10th. Travelers Companies’s dividend payout ratio is 23.95%.

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.