Telos Capital Management Inc. Sells 2,601 Shares of The Travelers Companies, Inc. $TRV

Telos Capital Management Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 49,042 shares of the insurance provider’s stock after selling 2,601 shares during the quarter. Travelers Companies accounts for about 1.4% of Telos Capital Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Telos Capital Management Inc.’s holdings in Travelers Companies were worth $14,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after purchasing an additional 110,311 shares during the last quarter. State Street Corp boosted its holdings in Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the last quarter. Morgan Stanley grew its position in Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Travelers Companies by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,361,112 shares of the insurance provider’s stock valued at $974,993,000 after purchasing an additional 81,497 shares in the last quarter. Finally, Norges Bank acquired a new stake in Travelers Companies in the 4th quarter valued at $723,339,000. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the sale, the executive vice president owned 5,298 shares in the company, valued at $1,607,678.10. This represents a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TRV shares. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Brean Capital initiated coverage on Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating on the stock. Wells Fargo & Company upped their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research report on Tuesday, May 26th. Finally, Bank of America decreased their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average target price of $309.07.

Travelers Companies Stock Performance

Shares of TRV stock opened at $310.87 on Tuesday. The stock has a market cap of $66.11 billion, a P/E ratio of 9.25, a P/E/G ratio of 2.78 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a fifty day moving average price of $301.52 and a two-hundred day moving average price of $295.18. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $313.66.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 14.88%.

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.