Auxier Asset Management LLC Sells 2,022 Shares of The Travelers Companies, Inc. $TRV

Auxier Asset Management LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 40,955 shares of the insurance provider’s stock after selling 2,022 shares during the period. Travelers Companies accounts for approximately 1.7% of Auxier Asset Management LLC’s portfolio, making the stock its 17th biggest position. Auxier Asset Management LLC’s holdings in Travelers Companies were worth $11,879,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Haverford Trust Co lifted its holdings in shares of Travelers Companies by 0.7% in the fourth quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock valued at $1,511,000 after purchasing an additional 35 shares in the last quarter. Sumitomo Life Insurance Co. lifted its holdings in shares of Travelers Companies by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock valued at $1,519,000 after purchasing an additional 35 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Travelers Companies by 1.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock worth $541,000 after acquiring an additional 36 shares during the last quarter. 111 Capital boosted its position in Travelers Companies by 3.0% during the 4th quarter. 111 Capital now owns 1,223 shares of the insurance provider’s stock worth $355,000 after acquiring an additional 36 shares during the last quarter. Finally, Greenleaf Trust boosted its position in Travelers Companies by 0.4% during the 4th quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock worth $2,911,000 after acquiring an additional 37 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TRV shares. Barclays cut shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $331.00 to $295.00 in a research note on Friday, June 12th. Bank of America decreased their price target on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Piper Sandler raised their price target on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Brean Capital started coverage on shares of Travelers Companies in a research note on Thursday, March 12th. They set a “neutral” rating for the company. Finally, Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $309.07.

Travelers Companies Stock Performance

TRV opened at $306.55 on Thursday. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The firm has a market capitalization of $65.19 billion, a PE ratio of 9.12, a PEG ratio of 2.77 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The business’s 50-day simple moving average is $300.98 and its 200 day simple moving average is $294.82.

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

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is currently 14.88%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,573 shares of company stock valued at $11,504,146 in the last ninety days. Insiders own 1.39% of the company’s stock.

Travelers Companies 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.