Mayfair Advisory Group LLC Sells 763 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mayfair Advisory Group LLC cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 38.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,231 shares of the insurance provider’s stock after selling 763 shares during the period. Mayfair Advisory Group LLC’s holdings in Travelers Companies were worth $283,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Northwest Financial Advisors acquired a new position in Travelers Companies in the 4th quarter worth about $32,000. Private Wealth Management Group LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth about $39,000. Valued Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $40,000. OLD Second National Bank of Aurora bought a new position in Travelers Companies in the 4th quarter valued at approximately $41,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Travelers Companies during the 1st quarter worth approximately $42,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TRV shares. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Evercore ISI lowered their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. 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, April 12th. Roth Mkm restated a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $221.12.

Insider Buying and Selling at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other 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 value of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,635 shares of company stock valued at $3,980,827. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 1.7 %

NYSE TRV traded down $3.61 on Friday, hitting $203.34. 2,390,759 shares of the company were exchanged, compared to its average volume of 1,290,044. 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 market cap of $46.56 billion, a PE ratio of 15.11, a PEG ratio of 1.08 and a beta of 0.62. The stock has a fifty day moving average of $212.47 and a 200-day moving average of $211.70. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $4.11 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.59 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were issued a $1.05 dividend. The ex-dividend date was Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 2.07%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is presently 31.20%.

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.