Elmwood Wealth Management Inc. Sells 1,559 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Elmwood Wealth Management Inc. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 26.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,398 shares of the insurance provider’s stock after selling 1,559 shares during the period. Elmwood Wealth Management Inc.’s holdings in Travelers Companies were worth $838,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Fairfield Bush & CO. bought a new stake in Travelers Companies in the first quarter worth about $160,000. Cibc World Market Inc. raised its holdings in shares of Travelers Companies by 28.8% in the 1st quarter. Cibc World Market Inc. now owns 5,934 shares of the insurance provider’s stock worth $1,084,000 after purchasing an additional 1,327 shares during the period. Vontobel Holding Ltd. lifted its stake in Travelers Companies by 1.0% in the first quarter. Vontobel Holding Ltd. now owns 11,905 shares of the insurance provider’s stock valued at $2,210,000 after purchasing an additional 115 shares during the last quarter. Blair William & Co. IL grew its holdings in Travelers Companies by 40.6% during the first quarter. Blair William & Co. IL now owns 51,551 shares of the insurance provider’s stock valued at $9,420,000 after purchasing an additional 14,873 shares during the period. Finally, Sei Investments Co. grew its holdings in Travelers Companies by 5.0% during the first quarter. Sei Investments Co. now owns 27,212 shares of the insurance provider’s stock valued at $4,952,000 after purchasing an additional 1,286 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman William H. Heyman sold 26,633 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at $54,291,671.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,775 shares of company stock valued at $23,343,903. Insiders own 1.29% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price target on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday. HSBC increased their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Citigroup boosted their price target on shares of Travelers Companies from $185.00 to $204.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Evercore ISI raised their price objective on shares of Travelers Companies from $230.00 to $253.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $215.71.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $0.24 during trading on Monday, hitting $220.86. 393,756 shares of the stock traded hands, compared to its average volume of 1,425,844. The firm’s fifty day moving average is $221.66 and its 200-day moving average is $195.30. The stock has a market cap of $50.60 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.16 and a beta of 0.58. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.10 by $1.91. The company had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.40 EPS. Research analysts expect that The Travelers Companies, Inc. will post 17.62 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $1.00 dividend. The ex-dividend date was Thursday, March 7th. This represents a $4.00 annualized dividend and a dividend yield of 1.81%. Travelers Companies’s dividend payout ratio is currently 31.27%.

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.