Pittenger & Anderson Inc. Has $14.72 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Pittenger & Anderson Inc. lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 77,248 shares of the insurance provider’s stock after selling 262 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Travelers Companies were worth $14,715,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC boosted its holdings in Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Travelers Companies by 1,826.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after buying an additional 486,098 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after buying an additional 473,453 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Travelers Companies by 940.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider’s stock worth $58,035,000 after buying an additional 321,198 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Travelers Companies by 57.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock valued at $102,260,000 after acquiring an additional 229,071 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 10,553 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $212.93, for a total value of $2,247,050.29. Following the sale, the executive vice president now owns 103,443 shares in the company, valued at $22,026,117.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,553 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the transaction, the executive vice president now directly owns 103,443 shares of the company’s stock, valued at approximately $22,026,117.99. The disclosure for this sale can be found here. Insiders have sold 75,734 shares of company stock worth $16,143,904 over the last quarter. 1.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research reports. Jefferies Financial Group lowered their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Citigroup boosted their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Royal Bank of Canada cut their price objective on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Roth Mkm reaffirmed a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $223.47.

Travelers Companies Stock Down 0.1 %

NYSE:TRV traded down $0.23 during mid-day trading on Friday, hitting $213.76. 616,034 shares of the company’s stock traded hands, compared to its average volume of 1,481,594. The company has a fifty day moving average of $221.58 and a 200 day moving average of $198.06. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a market capitalization of $48.95 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.11 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 17.78 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio is presently 29.72%.

Travelers Companies Company Profile

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.