Patton Albertson Miller Group LLC Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Patton Albertson Miller Group LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,951 shares of the insurance provider’s stock after selling 2,597 shares during the period. Patton Albertson Miller Group LLC’s holdings in Travelers Companies were worth $6,251,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Thrivent Financial for Lutherans increased its holdings in Travelers Companies by 39.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock worth $3,182,000 after purchasing an additional 4,466 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Travelers Companies by 13.5% in the second quarter. Insigneo Advisory Services LLC now owns 1,742 shares of the insurance provider’s stock worth $363,000 after buying an additional 207 shares during the last quarter. Deerfield Management Company L.P. Series C raised its holdings in Travelers Companies by 43.4% in the second quarter. Deerfield Management Company L.P. Series C now owns 1,794 shares of the insurance provider’s stock valued at $365,000 after acquiring an additional 543 shares in the last quarter. MBB Public Markets I LLC bought a new position in Travelers Companies during the 2nd quarter valued at $3,366,000. Finally, Legal & General Group Plc grew its holdings in Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after acquiring an additional 37,029 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TRV shares. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Bank of America lifted their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Roth Mkm upped their price target on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $260.11.

Travelers Companies Stock Performance

Shares of TRV stock opened at $241.29 on Friday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The firm has a market capitalization of $54.78 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The business has a 50 day simple moving average of $247.92 and a 200 day simple moving average of $237.06.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. During the same quarter in the prior year, the business posted $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

Insider Activity

In related news, EVP Andy F. Bessette sold 4,520 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $253.46, for a total transaction of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at $4,302,736.96. This trade represents a 21.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,670 shares of company stock worth $4,861,329 over the last three months. Corporate insiders own 1.33% of the company’s stock.

About Travelers Companies

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.