Los Angeles Capital Management LLC Decreases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Los Angeles Capital Management LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 88.1% during the 4th quarter, Holdings Channel reports. The firm owned 15,220 shares of the insurance provider’s stock after selling 112,610 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Travelers Companies were worth $2,899,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. purchased a new position in shares of Travelers Companies in the third quarter worth about $26,000. AM Squared Ltd raised its position in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in Travelers Companies during the 4th quarter valued at approximately $40,000. OLD Second National Bank of Aurora purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $41,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Travelers Companies in the fourth quarter worth $47,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV opened at $215.91 on Tuesday. The firm’s fifty day simple moving average is $220.74 and its two-hundred day simple moving average is $200.95. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a market cap of $49.44 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.11 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the prior year, the business posted $4.11 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.95%. Travelers Companies’s payout ratio is currently 29.72%.

Analyst Ratings Changes

A number of research firms recently issued reports on TRV. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Evercore ISI dropped their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. TD Cowen reduced their price target on Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Finally, HSBC boosted their price target on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $223.47.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is owned by corporate insiders.

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.