Valley Wealth Managers Inc. Sells 2,393 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Valley Wealth Managers Inc. lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,894 shares of the insurance provider’s stock after selling 2,393 shares during the period. Valley Wealth Managers Inc.’s holdings in Travelers Companies were worth $4,069,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new position in Travelers Companies during the fourth quarter worth $27,000. True Wealth Design LLC bought a new position in Travelers Companies during the third quarter worth $41,000. Asset Planning Inc bought a new position in Travelers Companies during the fourth quarter worth $44,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies during the third quarter worth $50,000. Finally, Versant Capital Management Inc increased its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRV. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Roth Mkm lifted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $260.47.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Down 2.0 %

TRV opened at $238.25 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $54.09 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company’s 50-day moving average price is $242.76 and its two-hundred day moving average price is $240.94.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts expect that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.