Citizens Financial Group Inc. RI Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

Citizens Financial Group Inc. RI cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,361 shares of the insurance provider’s stock after selling 555 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Travelers Companies were worth $7,879,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TRV. Clearbridge Investments LLC grew its holdings in shares of Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after buying an additional 623,974 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Travelers Companies by 1,826.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after buying an additional 486,098 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Travelers Companies by 19,918.1% during the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after buying an additional 473,453 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Travelers Companies by 940.1% during the third quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider’s stock valued at $58,035,000 after buying an additional 321,198 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Travelers Companies by 57.7% during the third quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock valued at $102,260,000 after purchasing an additional 229,071 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.3 %

Shares of NYSE TRV opened at $213.45 on Friday. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The stock has a market cap of $48.88 billion, a PE ratio of 15.86, a P/E/G ratio of 1.11 and a beta of 0.58. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $221.50 and a 200 day moving average of $198.66.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the prior year, the company posted $4.11 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared 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 a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio is 29.72%.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total value of $533,850.00. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Vice Chairman William H. Heyman sold 2,500 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $213.54, for a total value of $533,850.00. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. Insiders sold a total of 80,734 shares of company stock valued at $17,208,404 in the last 90 days. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TRV shares. Royal Bank of Canada decreased their target price on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Morgan Stanley upped their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. The Goldman Sachs Group upped their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Finally, TD Cowen reduced their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $223.47.

Travelers Companies 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.