The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 27,400 shares of the insurance provider’s stock after selling 50 shares during the quarter. Meyer Handelman Co.’s holdings in Travelers Companies were worth $5,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Prime Capital Investment Advisors LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth about $299,000. International Assets Investment Management LLC lifted 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 purchasing an additional 473,453 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Travelers Companies by 55.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 7,717 shares of the insurance provider’s stock worth $1,470,000 after purchasing an additional 2,758 shares during the last quarter. Cerity Partners LLC lifted its stake in Travelers Companies by 14.5% during the fourth quarter. Cerity Partners LLC now owns 55,602 shares of the insurance provider’s stock worth $10,592,000 after purchasing an additional 7,026 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Travelers Companies by 28.4% during the fourth quarter. Valeo Financial Advisors LLC now owns 4,526 shares of the insurance provider’s stock worth $862,000 after purchasing an additional 1,002 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on TRV shares. Roth Mkm restated a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a report on Monday, July 22nd. UBS Group dropped their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Finally, Citigroup boosted their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $223.78.

Travelers Companies Price Performance

Travelers Companies stock traded up $1.15 during trading hours on Tuesday, hitting $210.88. The stock had a trading volume of 1,031,873 shares, compared to its average volume of 1,371,503. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $48.07 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 1.10 and a beta of 0.61. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The stock’s fifty day moving average is $209.53 and its two-hundred day moving average is $215.24.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. As a group, analysts predict that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 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.