The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Marcum Wealth LLC

Marcum Wealth LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,889 shares of the insurance provider’s stock after selling 47 shares during the period. Marcum Wealth LLC’s holdings in Travelers Companies were worth $764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRV. Bank of America Corp DE grew its position in shares of 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 worth $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. Norges Bank acquired a new position in Travelers Companies during the 4th quarter valued at about $560,918,000. Balyasny Asset Management L.P. grew its position in Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after purchasing an additional 907,266 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $138,619,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $96,012,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. Evercore ISI increased their price objective on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Wall Street Zen raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $271.11.

Travelers Companies Stock Up 0.2%

Shares of Travelers Companies stock opened at $274.25 on Friday. The firm has a market cap of $62.14 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 4.65 and a beta of 0.53. The stock has a 50-day simple moving average of $261.14 and a 200-day simple moving average of $253.51. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $276.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted 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. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the previous year, the firm posted $4.69 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.60%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is presently 23.95%.

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.