First Horizon Advisors Inc. Sells 1,472 Shares of The Travelers Companies, Inc. (NYSE:TRV)

First Horizon Advisors Inc. reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 143,705 shares of the insurance provider’s stock after selling 1,472 shares during the quarter. Travelers Companies makes up 1.1% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 21st largest holding. First Horizon Advisors Inc.’s holdings in Travelers Companies were worth $38,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies in the 4th quarter worth about $276,000. Fisher Asset Management LLC grew its position in Travelers Companies by 48.8% during the fourth quarter. Fisher Asset Management LLC now owns 1,405 shares of the insurance provider’s stock valued at $339,000 after buying an additional 461 shares during the period. Modera Wealth Management LLC raised its position in Travelers Companies by 29.8% in the fourth quarter. Modera Wealth Management LLC now owns 2,385 shares of the insurance provider’s stock worth $575,000 after acquiring an additional 547 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Travelers Companies by 42.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,367 shares of the insurance provider’s stock valued at $1,052,000 after purchasing an additional 1,300 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $256.92 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $200.40 and a one year high of $277.83. The business’s 50 day simple moving average is $267.71 and its two-hundred day simple moving average is $254.88. The stock has a market capitalization of $58.03 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 3.90 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the firm earned $4.69 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.71%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Tuesday, June 10th. Travelers Companies’s dividend payout ratio is 23.95%.

Insider Activity at Travelers Companies

In related news, insider Avrohom J. Kess sold 23,434 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the transaction, the insider owned 48,387 shares in the company, valued at $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 9,044 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.17, for a total transaction of $2,479,593.48. Following the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,222,530.46. The trade was a 21.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock valued at $44,868,201 in the last quarter. 1.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on TRV shares. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Wells Fargo & Company lifted their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a report on Thursday, April 17th. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 28th. Finally, HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $271.11.

Travelers Companies 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.