Gradient Investments LLC Reduces Holdings in Travelers Companies Inc (TRV)

Gradient Investments LLC decreased its position in shares of Travelers Companies Inc (NYSE:TRV) by 13.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,075 shares of the insurance provider’s stock after selling 8,863 shares during the quarter. Gradient Investments LLC’s holdings in Travelers Companies were worth $7,966,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Sontag Advisory LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth about $27,000. Global Retirement Partners LLC grew its holdings in shares of Travelers Companies by 120.5% during the fourth quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock worth $30,000 after buying an additional 135 shares during the last quarter. Clarfeld Financial Advisors LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth about $31,000. Transamerica Financial Advisors Inc. grew its holdings in shares of Travelers Companies by 401.5% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 331 shares of the insurance provider’s stock worth $40,000 after buying an additional 265 shares during the last quarter. Finally, Somerset Trust Co grew its holdings in shares of Travelers Companies by 277.3% during the first quarter. Somerset Trust Co now owns 366 shares of the insurance provider’s stock worth $50,000 after buying an additional 269 shares during the last quarter. 80.29% of the stock is currently owned by institutional investors.

In other news, Vice Chairman William H. Heyman sold 8,323 shares of Travelers Companies stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the completion of the sale, the insider now directly owns 239,744 shares in the company, valued at approximately $30,097,461.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 8,138 shares of Travelers Companies stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $130.57, for a total transaction of $1,062,578.66. Following the sale, the insider now owns 239,745 shares of the company’s stock, valued at $31,303,504.65. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,894 shares of company stock valued at $15,566,097. Insiders own 0.80% of the company’s stock.

TRV traded up $0.63 during trading on Thursday, reaching $136.09. The company’s stock had a trading volume of 62,512 shares, compared to its average volume of 1,340,871. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $138.99. The firm has a market capitalization of $35.59 billion, a PE ratio of 15.20, a P/E/G ratio of 1.04 and a beta of 1.07. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.15. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter in the previous year, the company earned $2.28 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict that Travelers Companies Inc will post 11.05 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were given a dividend of $0.77 per share. The ex-dividend date was Friday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.26%. Travelers Companies’s payout ratio is 34.45%.

A number of equities analysts recently issued reports on TRV shares. Credit Suisse Group reissued a “neutral” rating on shares of Travelers Companies in a report on Wednesday, January 23rd. Morgan Stanley lowered their price objective on Travelers Companies from $126.00 to $119.00 and set an “underweight” rating on the stock in a report on Thursday, January 3rd. Compass Point initiated coverage on Travelers Companies in a report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price objective on the stock. Barclays raised Travelers Companies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $135.00 to $145.00 in a report on Wednesday, January 9th. Finally, Wells Fargo & Co set a $130.00 price objective on Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $139.00.

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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.

Further Reading: Certificate of Deposit (CD)

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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