Pittenger & Anderson Inc. Sells 262 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Pittenger & Anderson Inc. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,248 shares of the insurance provider’s stock after selling 262 shares during the period. Pittenger & Anderson Inc.’s holdings in Travelers Companies were worth $14,715,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. boosted its holdings in Travelers Companies by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after acquiring an additional 1,600 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Travelers Companies by 124.9% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after purchasing an additional 7,649 shares during the period. Worth Asset Management LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $2,201,000. Nordea Investment Management AB raised its position in shares of Travelers Companies by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after purchasing an additional 16,580 shares during the period. Finally, DNB Asset Management AS raised its position in Travelers Companies by 53.5% in the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after buying an additional 24,230 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,500 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the sale, the insider now directly owns 255,178 shares in the company, valued at $54,490,710.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,734 shares of company stock worth $16,143,904. 1.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Piper Sandler reissued a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Raymond James raised their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Finally, Keefe, Bruyette & Woods cut their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $223.47.

Travelers Companies Trading Down 0.1 %

TRV traded down $0.23 on Friday, hitting $213.76. 616,034 shares of the company were exchanged, compared to its average volume of 1,481,594. The firm has a fifty day simple moving average of $221.58 and a two-hundred day simple moving average of $198.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The stock has a market capitalization of $48.95 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.11 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.78 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a $1.05 dividend. 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 1.96%. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

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.