Burney Co. Cuts Position in The Travelers Companies, Inc. $TRV

Burney Co. decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.0% in the 1st quarter, Holdings Channel reports. The firm owned 9,840 shares of the insurance provider’s stock after selling 1,469 shares during the quarter. Burney Co.’s holdings in Travelers Companies were worth $2,870,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Swedbank AB increased its holdings in Travelers Companies by 0.4% in the first quarter. Swedbank AB now owns 146,990 shares of the insurance provider’s stock valued at $42,874,000 after buying an additional 532 shares in the last quarter. Unison Advisors LLC boosted its stake in shares of Travelers Companies by 0.4% during the 1st quarter. Unison Advisors LLC now owns 15,628 shares of the insurance provider’s stock worth $4,558,000 after acquiring an additional 60 shares in the last quarter. Abel Hall LLC acquired a new stake in shares of Travelers Companies in the 1st quarter worth approximately $267,000. DGS Capital Management LLC acquired a new stake in shares of Travelers Companies in the 1st quarter worth approximately $306,000. Finally, Ascentis Independent Advisors increased its stake in Travelers Companies by 49.5% in the 1st quarter. Ascentis Independent Advisors now owns 1,532 shares of the insurance provider’s stock valued at $447,000 after purchasing an additional 507 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRV. Morgan Stanley boosted their target price on Travelers Companies from $310.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Monday. Bank of America dropped their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Finally, BMO Capital Markets increased their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $318.94.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. The trade was a 51.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Stock Up 1.3%

Shares of NYSE:TRV opened at $343.69 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $73.09 billion, a P/E ratio of 10.23, a P/E/G ratio of 3.06 and a beta of 0.46. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $349.35. The stock’s fifty day simple moving average is $308.23 and its 200-day simple moving average is $298.86.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the business posted $1.91 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 28.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. Travelers Companies’s payout ratio is presently 14.88%.

Travelers Companies Company 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.