Institute for Wealth Management LLC. Trims Position in The Travelers Companies, Inc. (NYSE:TRV)

Institute for Wealth Management LLC. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,594 shares of the insurance provider’s stock after selling 56 shares during the period. Institute for Wealth Management LLC.’s holdings in Travelers Companies were worth $1,347,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Ledyard National Bank lifted its holdings in shares of Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 39 shares during the last quarter. Trueblood Wealth Management LLC boosted its position in shares of Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after buying an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. grew its stake in shares of Travelers Companies by 2.9% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares during the period. Finally, Willner & Heller LLC lifted its stake in Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 45 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of TRV opened at $249.02 on Friday. The company’s 50 day simple moving average is $247.33 and its 200-day simple moving average is $238.15. The firm has a market cap of $56.53 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the firm posted $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a report on Monday. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $260.47.

Insiders Place Their Bets

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.

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.