The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,705 shares of the insurance provider’s stock after selling 661 shares during the quarter. Flputnam Investment Management Co.’s holdings in Travelers Companies were worth $1,087,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. First Command Advisory Services Inc. bought a new stake in Travelers Companies in the third quarter worth about $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies during the 3rd quarter worth about $27,000. FWL Investment Management LLC acquired a new stake in Travelers Companies during the 4th quarter worth about $28,000. Quarry LP acquired a new position in shares of Travelers Companies in the 1st quarter valued at about $31,000. Finally, AM Squared Ltd increased its holdings in shares of Travelers Companies by 100.0% in the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.9 %

Shares of TRV stock opened at $223.11 on Wednesday. The stock has a 50 day moving average of $222.02 and a 200-day moving average of $196.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market cap of $51.12 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, topping the consensus estimate of $5.10 by $1.91. The firm had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. Travelers Companies’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business earned $3.40 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.62 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 annualized dividend and a yield of 1.79%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.27%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TRV shares. JPMorgan Chase & Co. upped their target price on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Evercore ISI boosted their price target on Travelers Companies from $230.00 to $253.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Morgan Stanley boosted their price target on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday. Raymond James upped their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Finally, HSBC upped their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $217.00.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of Travelers Companies stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at $2,966,374.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diane Kurtzman sold 3,000 shares of Travelers Companies stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $211.02, for a total value of $633,060.00. Following the transaction, the executive vice president now directly owns 2,215 shares of the company’s stock, valued at $467,409.30. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock valued at $23,343,903 over the last ninety days. 1.33% of the stock is owned by company 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.