Valley National Advisers Inc. Sells 74 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Valley National Advisers Inc. lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 855 shares of the insurance provider’s stock after selling 74 shares during the quarter. Valley National Advisers Inc.’s holdings in Travelers Companies were worth $196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of TRV. Norges Bank bought a new position in Travelers Companies during the fourth quarter valued at $282,593,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Travelers Companies by 1,826.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after acquiring an additional 486,098 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after acquiring an additional 473,453 shares during the last quarter. Boston Partners lifted its holdings in shares of Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of Travelers Companies by 6,167.2% in the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock worth $63,596,000 after acquiring an additional 328,527 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV remained flat at $203.66 during trading on Wednesday. 523,052 shares of the stock were exchanged, compared to its average volume of 1,389,110. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The firm has a market cap of $46.64 billion, a P/E ratio of 15.17, a P/E/G ratio of 1.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a 50 day moving average of $212.03 and a 200-day moving average of $211.99.

Travelers Companies (NYSE:TRV) last released its 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 firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business earned $4.11 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.52 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were paid a $1.05 dividend. The ex-dividend date was Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 2.06%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. Evercore ISI lowered their target price on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Roth Mkm reaffirmed a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Jefferies Financial Group reduced their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Finally, UBS Group reduced their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $221.12.

Insider Buying and Selling

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 in the last three months. Corporate insiders own 1.33% of the company’s stock.

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.