Patton Albertson Miller Group LLC Decreases Stock Holdings in The Travelers Companies, Inc. $TRV

Patton Albertson Miller Group LLC lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,469 shares of the insurance provider’s stock after selling 1,979 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Travelers Companies were worth $3,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in Travelers Companies during the second quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC raised its position in Travelers Companies by 134.1% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Quaker Wealth Management LLC lifted its stake in shares of Travelers Companies by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares during the last quarter. Finally, Clayton Financial Group LLC bought a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $28,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 8,920 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the transaction, the executive vice president directly owned 117,596 shares in the company, valued at $34,776,665.08. This trade represents a 7.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the sale, the insider directly owned 255,086 shares of the company’s stock, valued at approximately $73,337,225. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 54,435 shares of company stock valued at $15,366,736. 1.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Argus raised Travelers Companies to a “strong-buy” rating in a research report on Monday. Mizuho dropped their price objective on shares of Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a research note on Thursday, January 22nd. Evercore ISI boosted their price objective on shares of Travelers Companies from $309.00 to $317.00 and gave the company an “outperform” rating in a research report on Wednesday, January 7th. UBS Group raised their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Travelers Companies in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $302.80.

Travelers Companies Stock Up 0.8%

NYSE:TRV opened at $284.23 on Friday. The Travelers Companies, Inc. has a twelve month low of $230.43 and a twelve month high of $296.85. The company has a market cap of $63.40 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.62 and a beta of 0.52. The stock has a fifty day simple moving average of $284.88 and a 200-day simple moving average of $276.39. The company has a current ratio of 0.33, a quick ratio of 0.35 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 21st. The insurance provider reported $11.13 EPS for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $9.15 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies announced that its board has authorized a share buyback program on Wednesday, January 21st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the insurance provider to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.