Epoch Investment Partners Inc. Lowers Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Epoch Investment Partners Inc. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,293 shares of the insurance provider’s stock after selling 7,554 shares during the period. Epoch Investment Partners Inc. owned approximately 0.09% of Travelers Companies worth $45,175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwest Financial Advisors purchased a new stake in shares of Travelers Companies during the 4th quarter worth $32,000. Private Wealth Management Group LLC purchased a new stake in shares of Travelers Companies during the 4th quarter worth $39,000. OLD Second National Bank of Aurora purchased a new stake in shares of Travelers Companies during the 4th quarter worth $41,000. Opal Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth $42,000. Finally, Tributary Capital Management LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth $45,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Jefferies Financial Group cut their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Evercore ISI cut their price target on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Finally, JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $220.94.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’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 completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 2.2 %

TRV traded up $4.62 during midday trading on Friday, hitting $213.85. The company’s stock had a trading volume of 1,220,457 shares, compared to its average volume of 1,269,819. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The firm has a market cap of $48.74 billion, a P/E ratio of 15.89, a PEG ratio of 1.15 and a beta of 0.61. The firm has a 50-day moving average price of $209.68 and a two-hundred day moving average price of $214.40.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.23 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is currently 31.20%.

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.