The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 74,000 shares of the insurance provider’s stock after selling 700 shares during the period. Gabelli Funds LLC’s holdings in Travelers Companies were worth $17,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Stonebridge Capital Advisors LLC grew its position in Travelers Companies by 1.9% in the first quarter. Stonebridge Capital Advisors LLC now owns 64,523 shares of the insurance provider’s stock worth $14,849,000 after acquiring an additional 1,204 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Travelers Companies by 9.0% during the first quarter. Canada Pension Plan Investment Board now owns 420,245 shares of the insurance provider’s stock worth $96,715,000 after buying an additional 34,775 shares during the period. JT Stratford LLC purchased a new position in shares of Travelers Companies during the first quarter worth $1,211,000. Toronto Dominion Bank boosted its position in shares of Travelers Companies by 1.9% during the first quarter. Toronto Dominion Bank now owns 136,027 shares of the insurance provider’s stock worth $31,305,000 after buying an additional 2,527 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Travelers Companies by 2.6% during the first quarter. Advisors Asset Management Inc. now owns 32,927 shares of the insurance provider’s stock worth $7,578,000 after buying an additional 823 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRV. Bank of America raised their price target on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Jefferies Financial Group decreased their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Evercore ISI decreased their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target of $220.94.

Travelers Companies Stock Performance

TRV traded up $4.62 during trading on Friday, reaching $213.85. The company’s stock had a trading volume of 1,220,457 shares, compared to its average volume of 1,269,819. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company’s fifty day moving average price is $209.68 and its 200-day moving average price is $214.24. The company has a market capitalization of $48.74 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.15 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

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.