The Travelers Companies, Inc. $TRV Stock Holdings Trimmed by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,695 shares of the insurance provider’s stock after selling 4,130 shares during the quarter. Travelers Companies accounts for about 3.7% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 2nd largest position. Murphy Pohlad Asset Management LLC’s holdings in Travelers Companies were worth $8,747,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PFG Advisors lifted its position in Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after acquiring an additional 2,217 shares during the period. Greatmark Investment Partners Inc. lifted its position in Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after acquiring an additional 1,772 shares during the period. Atlas Capital Advisors Inc. lifted its position in Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after acquiring an additional 4,098 shares during the period. Concurrent Investment Advisors LLC lifted its position in 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 acquiring an additional 1,703 shares during the period. Finally, Alpha Cubed Investments LLC lifted its position in Travelers Companies by 200.2% during the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock worth $870,000 after acquiring an additional 2,194 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley lifted their price target on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Wolfe Research started coverage on Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. UBS Group boosted their price objective on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $291.31.

Travelers Companies Stock Performance

NYSE TRV opened at $271.00 on Friday. The stock has a market capitalization of $60.45 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 2.38 and a beta of 0.51. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $274.01 and a 200 day moving average of $267.84.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.24 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio is presently 17.30%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is currently owned by insiders.

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.