White Pine Capital LLC Has $1.92 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

White Pine Capital LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,095 shares of the insurance provider’s stock after selling 589 shares during the quarter. White Pine Capital LLC’s holdings in Travelers Companies were worth $1,923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Clearbridge Investments LLC raised its holdings in shares of Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Travelers Companies by 0.9% during the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after acquiring an additional 29,989 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Travelers Companies by 4.3% during the third 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 buying an additional 95,153 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Travelers Companies by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,810 shares of the insurance provider’s stock worth $227,950,000 after buying an additional 5,584 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Travelers Companies by 7.2% in the third quarter. Hsbc Holdings PLC now owns 989,962 shares of the insurance provider’s stock worth $162,157,000 after buying an additional 66,508 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the sale, the insider now directly owns 255,178 shares in the company, valued at approximately $54,490,710.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Vice Chairman William H. Heyman sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 10,553 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $212.93, for a total value of $2,247,050.29. Following the completion of the transaction, the executive vice president now directly owns 103,443 shares in the company, valued at $22,026,117.99. The disclosure for this sale can be found here. Insiders have sold 80,734 shares of company stock worth $17,208,404 over the last three months. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

TRV traded down $0.54 on Friday, hitting $213.45. 1,706,046 shares of the stock traded hands, compared to its average volume of 1,389,936. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $48.88 billion, a PE ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 0.58. The business has a fifty day moving average price of $221.50 and a two-hundred day moving average price of $198.41.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the prior year, the firm earned $4.11 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. On average, research analysts predict that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.97%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s payout ratio is currently 29.72%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Roth Mkm reaffirmed a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Evercore ISI reduced their price target on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $223.47.

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.