The Travelers Companies, Inc. $TRV Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,346 shares of the insurance provider’s stock after selling 2,894 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Travelers Companies were worth $25,070,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its position in Travelers Companies by 13.6% in the fourth quarter. ProShare Advisors LLC now owns 164,558 shares of the insurance provider’s stock worth $47,732,000 after purchasing an additional 19,702 shares during the period. HighTower Advisors LLC lifted its holdings in Travelers Companies by 1.2% in the 4th quarter. HighTower Advisors LLC now owns 175,484 shares of the insurance provider’s stock valued at $50,901,000 after acquiring an additional 2,143 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Travelers Companies by 2.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,407 shares of the insurance provider’s stock valued at $2,439,000 after acquiring an additional 202 shares during the last quarter. Entrust Financial LLC acquired a new stake in Travelers Companies in the 4th quarter valued at about $31,000. Finally, CMG Global Holdings LLC acquired a new stake in Travelers Companies in the 4th quarter valued at about $204,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.77, for a total transaction of $3,037,700.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,707,621.25. This represents a 18.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,573 shares of company stock worth $8,427,646 over the last 90 days. Company insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $305.27 on Wednesday. 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 Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12. The business has a fifty day simple moving average of $299.12 and a 200 day simple moving average of $292.25. The firm has a market cap of $64.92 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 2.76 and a beta of 0.50.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating the consensus estimate of $6.80 by $0.91. The company had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 28.03 earnings per share for the current fiscal year.

Travelers Companies declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 21st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the insurance provider to purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is currently 13.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Barclays increased their price objective on Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. BMO Capital Markets increased their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Brean Capital initiated coverage on Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $309.13.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.