The Travelers Companies, Inc. $TRV Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,717 shares of the insurance provider’s stock after selling 12,735 shares during the period. Janney Montgomery Scott LLC’s holdings in Travelers Companies were worth $55,337,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Cim LLC grew its position in shares of Travelers Companies by 0.4% during the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after buying an additional 34 shares in the last quarter. Haverford Trust Co increased its stake in shares of Travelers Companies by 0.7% during the fourth quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock worth $1,511,000 after buying an additional 35 shares during the period. Sumitomo Life Insurance Co. raised its holdings in Travelers Companies by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock valued at $1,519,000 after acquiring an additional 35 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in Travelers Companies by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock valued at $541,000 after acquiring an additional 36 shares in the last quarter. Finally, 111 Capital lifted its stake in Travelers Companies by 3.0% in the fourth quarter. 111 Capital now owns 1,223 shares of the insurance provider’s stock worth $355,000 after acquiring an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.1%

Travelers Companies stock opened at $327.14 on Monday. The company has a market capitalization of $69.57 billion, a P/E ratio of 9.73, a PEG ratio of 2.95 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $327.64. The stock has a 50-day simple moving average of $303.24 and a 200-day simple moving average of $296.28.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.5%. 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 dividend payout ratio is presently 14.88%.

Insiders Place Their Bets

In related news, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the sale, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. This represents a 51.36% decrease in their position. 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 10,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 37,573 shares of company stock worth $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on shares of Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Bank of America decreased their price objective on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $331.00 to $295.00 in a research note on Friday, June 12th. Finally, Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Two 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 company’s stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $309.07.

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.