Weaver Capital Management LLC Cuts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Weaver Capital Management LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,666 shares of the insurance provider’s stock after selling 245 shares during the quarter. Weaver Capital Management LLC’s holdings in Travelers Companies were worth $2,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Putney Financial Group LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies during the 4th quarter worth $26,000. Kapitalo Investimentos Ltda bought a new stake in Travelers Companies in the 4th quarter valued at about $30,000. Wood Tarver Financial Group LLC bought a new stake in Travelers Companies in the 4th quarter valued at about $33,000. Finally, Generali Investments Management Co LLC bought a new stake in Travelers Companies in the 4th quarter valued at about $37,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $290.00 to $303.00 and gave the company an “outperform” rating in a research note on Wednesday, May 28th. Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Finally, Evercore ISI upped their price target on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $271.11.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 6,149 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.71, for a total transaction of $1,683,042.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 12,069 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.01, for a total value of $3,307,026.69. Following the sale, the executive vice president now directly owns 11,731 shares of the company’s stock, valued at approximately $3,214,411.31. This trade represents a 50.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock valued at $44,868,201 over the last quarter. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Stock Up 0.1%

TRV 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 company’s 50 day moving average is $266.19 and its 200 day moving average is $254.25. The stock has a market cap of $59.87 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same period in the prior year, the business earned $4.69 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.66%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is currently 23.95%.

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.