Burns J W & Co. Inc. NY Decreases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Burns J W & Co. Inc. NY lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,372 shares of the insurance provider’s stock after selling 50 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Travelers Companies were worth $892,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after acquiring an additional 41 shares during the last quarter. Quent Capital LLC grew its stake in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after buying an additional 43 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of Travelers Companies by 2.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after buying an additional 46 shares during the last quarter. Tectonic Advisors LLC raised its position in shares of Travelers Companies by 0.5% during the 4th quarter. Tectonic Advisors LLC now owns 8,752 shares of the insurance provider’s stock valued at $2,108,000 after buying an additional 47 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Travelers Companies by 7.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider’s stock valued at $173,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the sale, the chief executive officer now directly owns 262,329 shares of the company’s stock, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider now owns 255,086 shares of the company’s stock, valued at $70,021,107. This represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,869 shares of company stock worth $44,868,201. Company insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TRV. Barclays dropped their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Wall Street Zen raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research report on Tuesday, April 8th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $271.11.

Travelers Companies Stock Up 0.6%

Shares of TRV opened at $275.95 on Friday. The firm has a fifty day moving average price of $261.47 and a 200-day moving average price of $253.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $62.52 billion, a P/E ratio of 12.85, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.65.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the business posted $4.69 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is currently 23.95%.

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.