SVB Wealth LLC Sells 64 Shares of The Travelers Companies, Inc. (NYSE:TRV)

SVB Wealth LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,293 shares of the insurance provider’s stock after selling 64 shares during the quarter. SVB Wealth LLC’s holdings in Travelers Companies were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TRV. Fairfield Bush & CO. acquired a new position in shares of Travelers Companies during the 1st quarter worth approximately $160,000. Cibc World Market Inc. grew its position in shares of Travelers Companies by 28.8% during the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after purchasing an additional 1,327 shares in the last quarter. Vontobel Holding Ltd. grew its position in shares of Travelers Companies by 1.0% during the 1st quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock worth $2,210,000 after purchasing an additional 115 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Travelers Companies by 40.6% during the 1st quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock worth $9,420,000 after acquiring an additional 14,873 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Travelers Companies by 5.0% during the 1st quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock worth $4,952,000 after acquiring an additional 1,286 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TRV shares. The Goldman Sachs Group increased their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Royal Bank of Canada reduced their price target on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Thursday. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday. Finally, Roth Mkm reiterated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $220.78.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 4,500 shares of Travelers Companies stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,775 shares of company stock worth $23,343,903. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $213.99 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $49.00 billion, a PE ratio of 15.90, a P/E/G ratio of 1.10 and a beta of 0.58. The firm has a fifty day simple moving average of $221.79 and a 200 day simple moving average of $196.63. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.11 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

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.