The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 21.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,425 shares of the insurance provider’s stock after selling 2,886 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Travelers Companies were worth $2,757,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Yoffe Investment Management LLC purchased a new stake in Travelers Companies during the fourth quarter valued at about $1,202,000. Elevate Capital Advisors LLC purchased a new stake in Travelers Companies during the fourth quarter valued at about $4,627,000. Erste Asset Management GmbH lifted its stake in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after buying an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Travelers Companies by 43.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock valued at $38,343,000 after buying an additional 47,985 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Travelers Companies by 16.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock valued at $5,122,000 after buying an additional 3,046 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the transaction, the insider now owns 255,086 shares in the company, valued at $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president now owns 118,116 shares in the company, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,869 shares of company stock worth $44,868,201. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 1.0%

NYSE:TRV opened at $273.85 on Friday. The stock’s 50 day moving average price is $262.55 and its 200 day moving average price is $254.14. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.83. The company has a market capitalization of $62.05 billion, a P/E ratio of 12.76, a P/E/G ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is currently 23.95%.

Analysts Set New Price Targets

A number of research firms have commented on TRV. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $290.00 to $303.00 and gave the company an “outperform” rating in a research note on Wednesday, May 28th. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Jefferies Financial Group upped their target price on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their target price on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $271.11.

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.