Inceptionr LLC Sells 5,460 Shares of The Travelers Companies, Inc. $TRV

Inceptionr LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 82.1% in the first quarter, Holdings Channel.com reports. The firm owned 1,194 shares of the insurance provider’s stock after selling 5,460 shares during the period. Inceptionr LLC’s holdings in Travelers Companies were worth $348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arbejdsmarkedets Tillaegspension bought a new position in Travelers Companies in the fourth quarter worth $24,167,000. Rit Capital Partners PLC acquired a new position in Travelers Companies in the fourth quarter valued at about $39,450,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Travelers Companies by 17.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock worth $261,616,000 after acquiring an additional 133,152 shares in the last quarter. UBS Group AG boosted its stake in Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after purchasing an additional 89,159 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in Travelers Companies during the 1st quarter worth about $576,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.8%

Travelers Companies stock opened at $390.51 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50-day moving average is $323.75 and its 200-day moving average is $305.34. The firm has a market capitalization of $81.45 billion, a PE ratio of 10.46, a P/E/G ratio of 3.83 and a beta of 0.46. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $391.99.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the business posted $6.51 EPS. Travelers Companies’s revenue was up .3% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 32.49 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Mizuho increased their price objective on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday. Bank of America boosted their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Raymond James Financial set a $430.00 target price on Travelers Companies in a research note on Monday, July 20th. HSBC upped their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Finally, Wells Fargo & Company boosted their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Company 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.