First Horizon Advisors Inc. Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

First Horizon Advisors Inc. lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,060 shares of the insurance provider’s stock after selling 57 shares during the period. Travelers Companies accounts for 0.9% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 21st largest position. First Horizon Advisors Inc. owned about 0.06% of Travelers Companies worth $28,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Clearbridge Investments LLC lifted its position in shares of Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after buying an additional 623,974 shares during the last quarter. Northern Trust Corp raised its stake in shares of Travelers Companies by 0.9% during the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after purchasing an additional 29,989 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Travelers Companies by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after purchasing an additional 95,153 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Travelers Companies by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,810 shares of the insurance provider’s stock valued at $227,950,000 after purchasing an additional 5,584 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Travelers Companies by 7.2% during the 3rd quarter. Hsbc Holdings PLC now owns 989,962 shares of the insurance provider’s stock valued at $162,157,000 after purchasing an additional 66,508 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In related news, EVP David Donnay Rowland sold 10,181 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the completion of the sale, the executive vice president now directly owns 7,865 shares in the company, valued at approximately $1,683,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Donnay Rowland sold 10,181 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $214.00, for a total value of $2,178,734.00. Following the completion of the sale, the executive vice president now owns 7,865 shares of the company’s stock, valued at approximately $1,683,110. The disclosure for this sale can be found here. Insiders sold 67,681 shares of company stock worth $14,427,504 in the last ninety days. 1.33% of the stock is owned by company insiders.

Travelers Companies Price Performance

Shares of TRV traded up $0.46 during midday trading on Thursday, reaching $213.61. The stock had a trading volume of 313,404 shares, compared to its average volume of 1,475,768. The company has a market capitalization of $48.91 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.10 and a beta of 0.60. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The company’s 50-day moving average is $221.12 and its 200 day moving average is $199.71. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share 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 analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.11 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 7th. 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%. Travelers Companies’s dividend payout ratio is currently 29.72%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. TD Cowen decreased their price objective on Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Jefferies Financial Group decreased their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. 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 note on Monday, January 22nd. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.47.

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.