ORG Partners LLC Sells 107 Shares of The Travelers Companies, Inc. (NYSE:TRV)

ORG Partners LLC reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 735 shares of the insurance provider’s stock after selling 107 shares during the period. ORG Partners LLC’s holdings in Travelers Companies were worth $194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Yoffe Investment Management LLC bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $1,202,000. Erste Asset Management GmbH grew its holdings in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after purchasing an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock worth $38,343,000 after purchasing an additional 47,985 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Travelers Companies by 16.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock worth $5,122,000 after purchasing an additional 3,046 shares during the last quarter. Finally, Banco Santander S.A. grew its holdings in shares of Travelers Companies by 2.3% in the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider’s stock worth $16,065,000 after purchasing an additional 1,494 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the transaction, the chief executive officer now directly owns 262,329 shares in the company, valued at $71,820,433.62. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the transaction, the insider now owns 255,086 shares of the company’s stock, valued at $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock worth $44,868,201 over the last three months. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $265.06 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $59.87 billion, a P/E ratio of 14.43, a P/E/G ratio of 3.87 and a beta of 0.53. The business has a fifty day simple moving average of $266.19 and a two-hundred day simple moving average of $254.20. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $277.83.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter last year, the firm posted $4.69 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. Travelers Companies’s dividend payout ratio (DPR) is presently 23.95%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRV. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a report on Wednesday, May 28th. Wells Fargo & Company raised their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a report on Thursday, April 17th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Finally, Evercore ISI raised their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $271.11.

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.