Douglass Winthrop Advisors LLC Has $1.42 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Douglass Winthrop Advisors LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,377 shares of the insurance provider’s stock after selling 942 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Travelers Companies were worth $1,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. PFG Advisors lifted its holdings in shares of Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after acquiring an additional 1,772 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $208,000. Atlas Capital Advisors Inc. lifted its stake in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after acquiring an additional 4,098 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after purchasing an additional 1,703 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other 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 value of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares in the company, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,365,363.36. This trade represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $47,929,912 in the last 90 days. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TRV. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Barclays downgraded shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. Finally, UBS Group boosted their price objective on Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $276.3390 on Friday. The firm has a market capitalization of $62.21 billion, a PE ratio of 12.22, a PEG ratio of 3.16 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1-year low of $218.57 and a 1-year high of $279.04. The business’s 50 day moving average is $263.18 and its 200-day moving average is $260.16.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.51 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.

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.