NorthRock Partners LLC Sells 202 Shares of The Travelers Companies, Inc. (NYSE:TRV)

NorthRock Partners LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,164 shares of the insurance provider’s stock after selling 202 shares during the quarter. NorthRock Partners LLC’s holdings in Travelers Companies were worth $268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank bought a new stake in Travelers Companies during the fourth quarter worth approximately $282,593,000. International Assets Investment Management LLC increased its stake in 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 worth $90,641,000 after acquiring an additional 473,453 shares during the last quarter. Boston Partners increased its stake in Travelers Companies by 42.5% during the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Travelers Companies by 6,167.2% during the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock worth $63,596,000 after acquiring an additional 328,527 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Travelers Companies by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after buying an additional 154,886 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

TRV traded up $1.80 during midday trading on Monday, hitting $213.40. 1,221,159 shares of the company were exchanged, compared to its average volume of 1,372,629. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. 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 firm has a market capitalization of $48.87 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.25 and a beta of 0.61. The company’s 50 day simple moving average is $210.73 and its 200 day simple moving average is $213.28.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $10.62 billion. During the same quarter last year, the business earned $4.11 earnings per share. Travelers Companies’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 17.17 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were given a dividend of $1.05 per share. The ex-dividend date was Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Insider Activity

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 in the last ninety days. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. HSBC boosted their target price on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. Piper Sandler restated a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. Keefe, Bruyette & Woods dropped their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Bank of America dropped their target price on Travelers Companies from $214.00 to $202.00 and set an “underperform” rating for the company in a research report on Thursday. Finally, Citigroup restated a “sell” rating and set a $200.00 target price (down previously from $226.00) on shares of Travelers Companies in a research report on Friday, June 28th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $220.67.

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.