Graves Light Private Wealth Management Inc. reduced its position in shares of Travelers Companies Inc (NYSE:TRV) by 14.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,471 shares of the insurance provider’s stock after selling 411 shares during the period. Graves Light Private Wealth Management Inc.’s holdings in Travelers Companies were worth $339,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TRV. Vanguard Group Inc. grew its position in shares of Travelers Companies by 0.3% in the third quarter. Vanguard Group Inc. now owns 22,074,825 shares of the insurance provider’s stock valued at $2,863,326,000 after purchasing an additional 65,931 shares in the last quarter. Vanguard Group Inc grew its position in shares of Travelers Companies by 0.3% in the third quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock valued at $2,863,326,000 after purchasing an additional 65,931 shares in the last quarter. BlackRock Inc. grew its position in shares of Travelers Companies by 0.9% in the fourth quarter. BlackRock Inc. now owns 21,075,932 shares of the insurance provider’s stock valued at $2,523,843,000 after purchasing an additional 190,871 shares in the last quarter. Bank of America Corp DE grew its position in shares of Travelers Companies by 4.5% in the fourth quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock valued at $445,226,000 after purchasing an additional 159,502 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Travelers Companies by 1.7% in the fourth quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock valued at $427,144,000 after purchasing an additional 60,000 shares in the last quarter. Institutional investors own 80.29% of the company’s stock.

A number of research firms have recently issued reports on TRV. UBS Group upped their price target on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday. Compass Point began coverage on Travelers Companies in a research report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price target for the company. Barclays upgraded Travelers Companies from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $135.00 to $145.00 in a research report on Wednesday, January 9th. Zacks Investment Research restated a “sell” rating on shares of Travelers Companies in a research report on Monday, December 31st. Finally, Credit Suisse Group restated a “hold” rating and issued a $141.00 price target on shares of Travelers Companies in a research report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $139.00.

In related news, EVP Gregory C. Toczydlowski sold 23,405 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $128.52, for a total value of $3,008,010.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 66,228 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $132.22, for a total value of $8,756,666.16. Following the completion of the transaction, the chief executive officer now owns 134,252 shares of the company’s stock, valued at $17,750,799.44. The disclosure for this sale can be found here. Insiders sold 118,894 shares of company stock valued at $15,566,097 over the last quarter. 0.80% of the stock is currently owned by company insiders.

Shares of Travelers Companies stock opened at $135.46 on Thursday. The company has a market capitalization of $35.41 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.04 and a beta of 1.07. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $138.99. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.15. The company had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.92 billion. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.28 earnings per share. Equities research analysts predict that Travelers Companies Inc will post 11.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were given a $0.77 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $3.08 annualized dividend and a yield of 2.27%. Travelers Companies’s payout ratio is 34.45%.

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Travelers Companies Company 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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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