Wetherby Asset Management Inc. Has $861,000 Stake in Travelers Companies Inc (TRV)

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Wetherby Asset Management Inc. increased its position in Travelers Companies Inc (NYSE:TRV) by 1.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,276 shares of the insurance provider’s stock after acquiring an additional 120 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Travelers Companies were worth $861,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Oregon Public Employees Retirement Fund boosted its position in shares of Travelers Companies by 11,730.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares during the period. Norges Bank bought a new stake in Travelers Companies during the fourth quarter valued at approximately $143,417,000. American Century Companies Inc. lifted its position in Travelers Companies by 253.6% during the fourth quarter. American Century Companies Inc. now owns 1,082,948 shares of the insurance provider’s stock valued at $129,683,000 after purchasing an additional 776,679 shares during the last quarter. California Public Employees Retirement System lifted its position in Travelers Companies by 41.6% during the fourth quarter. California Public Employees Retirement System now owns 1,461,036 shares of the insurance provider’s stock valued at $174,959,000 after purchasing an additional 429,086 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Travelers Companies by 36.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,577,766 shares of the insurance provider’s stock valued at $188,937,000 after purchasing an additional 424,608 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

TRV has been the subject of several research analyst reports. MKM Partners lifted their target price on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. Royal Bank of Canada set a $145.00 target price on shares of Travelers Companies and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their target price on shares of Travelers Companies from $119.00 to $130.00 and gave the company an “underweight” rating in a research report on Tuesday, April 30th. Zacks Investment Research lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, April 4th. Finally, UBS Group lifted their target price on shares of Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $141.42.

Shares of TRV traded up $1.00 during mid-day trading on Friday, reaching $147.94. The company’s stock had a trading volume of 919,326 shares, compared to its average volume of 1,365,911. The firm has a market cap of $38.48 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $148.85.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.76 by $0.07. The firm had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.94 billion. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.46 EPS. As a group, equities research analysts predict that Travelers Companies Inc will post 11.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, June 7th. Travelers Companies’s payout ratio is presently 34.45%.

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the sale, the insider now directly owns 241,745 shares in the company, valued at approximately $33,844,300. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 66,228 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $132.22, for a total transaction of $8,756,666.16. Following the completion of the sale, the chief executive officer now owns 134,252 shares of the company’s stock, valued at $17,750,799.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 286,038 shares of company stock valued at $39,834,429. Company insiders own 0.73% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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