The Travelers Companies, Inc. $TRV Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 20.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,888 shares of the insurance provider’s stock after selling 2,745 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Travelers Companies were worth $3,158,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC lifted its holdings in Travelers Companies by 1.8% in the 4th quarter. Commonwealth Retirement Investments LLC now owns 4,689 shares of the insurance provider’s stock worth $1,360,000 after buying an additional 82 shares in the last quarter. Waddell & Associates LLC lifted its holdings in Travelers Companies by 9.6% in the 4th quarter. Waddell & Associates LLC now owns 1,718 shares of the insurance provider’s stock worth $498,000 after buying an additional 151 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Travelers Companies by 3.7% in the 4th quarter. Cerity Partners LLC now owns 114,708 shares of the insurance provider’s stock valued at $33,272,000 after purchasing an additional 4,140 shares in the last quarter. LPL Financial LLC raised its stake in shares of Travelers Companies by 5.1% in the 4th quarter. LPL Financial LLC now owns 387,591 shares of the insurance provider’s stock valued at $112,425,000 after purchasing an additional 18,638 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Travelers Companies by 0.8% in the 4th quarter. Franklin Resources Inc. now owns 128,278 shares of the insurance provider’s stock valued at $37,208,000 after purchasing an additional 1,067 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Piper Sandler upped their target price on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Bank of America cut their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Evercore restated an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Finally, Barclays upped their target price on shares of Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $311.47.

Insider Activity

In related news, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,573 shares of company stock valued at $11,504,146 in the last ninety days. 1.39% of the stock is owned by company insiders.

Travelers Companies Trading Up 1.1%

Travelers Companies stock opened at $300.03 on Wednesday. The firm has a 50 day simple moving average of $299.45 and a 200-day simple moving average of $294.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $63.80 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 2.68 and a beta of 0.48. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $313.12.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $1.91 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s payout ratio is 13.09%.

Travelers Companies Company Profile

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.