Mission Wealth Management LP Lowers Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Mission Wealth Management LP cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,222 shares of the insurance provider’s stock after selling 85 shares during the quarter. Mission Wealth Management LP’s holdings in Travelers Companies were worth $804,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. bought a new position in Travelers Companies in the 3rd quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new position in Travelers Companies in the 3rd quarter worth about $27,000. AM Squared Ltd boosted its holdings in shares of Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth approximately $40,000. Finally, OLD Second National Bank of Aurora bought a new position in Travelers Companies during the fourth quarter valued at approximately $41,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Vice Chairman William H. Heyman sold 4,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at $54,878,580.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,681 shares of company stock worth $14,427,504. 1.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TRV has been the topic of several research reports. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Evercore ISI lowered their price target on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group dropped their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $223.47.

Travelers Companies Trading Up 0.4 %

NYSE TRV opened at $213.06 on Thursday. The firm’s fifty day moving average is $221.12 and its two-hundred day moving average is $199.71. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The firm has a market cap of $48.79 billion, a PE ratio of 15.83, a P/E/G ratio of 1.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the business posted $4.11 EPS. Analysts expect that The Travelers Companies, Inc. will post 17.74 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s payout ratio is presently 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.